Saudi Catering signs contract with Al Hana Trading to supply frozen meals at provisional value of SAR 150 mln

04/10/2022 Argaam
Logo ofSaudi Airlines Catering Co.

Logo of Saudi Airlines Catering Co.

Saudi Airlines Catering Co. (SACC) signed today, Oct. 4, a contract with Al Hana Trading Group to supply frozen meals at a provisional value of SAR 150 million.

 

The contract is valid for five years. It will boost business sustainability by increasing the company's cash flow, enhancing business and diversifying the company’s income sources, SACC said in a statement to Tadawul.

 

SACC expects a positive financial impact from the contract to show starting Q4 2022, adding that there are no related parties to the deal.

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