Mubarrad expects SAR 85 mln revenue from ND Logistics deal

13/05/2015 Argaam

Saudi Land Transport Co. (Mubarrad) said it signed a contract on May 12 with ND Logistic to transport products and dairies of Al Safi Danone Company for 3.5 years, starting from June 1.

 

Mubarrad expects to generate SAR 85 million from the deal, which will be reflected in second quarter financial results, according to a statement to Tadawul.

 

The company said the deal is part of its strategy to improve operational contracts to boost overall profits from the land transport sector.

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