CATRION renews KKIA building lease for SAR 178M

09:30 AM (Mecca time) Argaam

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Logo ofCATRION Catering Holding Co. (CATRION)

Logo of CATRION Catering Holding Co. (CATRION)

CATRION Catering Holding Co. (CATRION) announced on March 5 the renewal of a lease with Riyadh Airports Co. for SAR 178.2 million, according to a statement to Tadawul.

 

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The agreement covers the entire lease term, in addition to a specified percentage of total sales related to the services provided at the leased premises.

 

The contract has a duration of 10 years and the agreement entails leasing a building that houses the central kitchen. The purpose is to provide its services and operations at King Khalid International Airport (KKIA) in Riyadh, CATRION said in a statement to Tadawul.

 

There are no related parties to the deal, the statement added.

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