SAPTCO inks deal to buy 50 Mercedes buses

12/04/2017 Argaam

Saudi Public Transport Co. (SAPTCO) has signed a contract to purchase 50 Mercedes buses at a total value of SAR 61.5 million, the transport provider said in a statement to Tadawul on Wednesday.  

 

The new buses will be delivered during Q4 this year, with financial impact expected to show in the same quarter.

 

The deal has no related parties, and the company will announce details related to financing at a later time, the statement said.   

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