Saudi Public Transport Co (4040)

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News

18 January 2017 07:27 PM SAPTCO turns profitable in Q4-16

Riyadh – Mubasher: Saudi Public Transport Company (SAPTCO) reported net profits of SAR 5.87 million ($1.56 million) in the fourth quarter of 2016 against losses of SAR 35.5 million ($9.47 million) in the same quarter in 2015. Turning to profits is …

Financial Results

8 January 2017 10:37 AM SAPTCO signs SAR117.9m credit facility agreement with Arab National Bank

Riyadh – Mubasher: Saudi Public Transport Company (SAPTCO) said it signed SAR117.9m credit facility agreement with Arab National Bank (ANB). SAPTCO will repay the loan at monthly installments over three years, said a bourse filling. SAPTCO will …

Sukuk and Islamic Finance

13 December 2016 11:29 AM SAPTCO signs deal with Taibah University

Riyadh - Mubasher: Saudi Public Transport Company (SAPTCO) announced that it has signed a contract with Taibah University to transport its students in Al Madinah Region and its governorates with 80 buses, according to the company’s statement. The …

Companies Investments

9 November 2016 08:53 AM Saudi Public Transport awarded SAR37.6m tender

Riyadh – Mubasher: Saudi Public Transport said it awarded a five – year SAR37.6 million ($10 million) tender. The financial impact of the deal will be reflected at the company’s financial statement for the fourth quarter of 2016. Previously, the …

Companies Investments

26 October 2016 00:08 PM SAPTCO unit to operate Riyadh bus network in Q2-19

Riyadh – Mubasher: Saudi Public Transport’s (SAPTCO) subsidiary, Public Transport Co. (PTC), will commence the actual operation of the buses network in Riyadh in the second quarter of 2019. Work plans will be set after coordination between the …

Companies Investments

18 October 2016 08:50 AM SAPTCO posts slight Q3 profit INCREASE

Riyadh – Mubasher: Saudi Public Transport (SAPTCO) earned SAR 82.4 million during the third quarter of the fiscal year 2016, higher 1.26% year-on-year from SAR 81.4 million, according to a bourse filing. Quarter-on-quarter, net profit jumped 480% …

Financial Results

31 August 2016 06:48 PM SAPTCO, Al Rakhi ink SAR 117.5m deal

Riyadh – Mubasher: Saudi Public Transport Co. (SAPTCO) has signed a murabaha financing deal with Al Rajhi Bank, according to a statement to the Saudi Stock Exchange (Tadawul) on Wednesday. The loan worth SAR 117.5 million ($31.34 million) will be …

Companies Investments

26 July 2016 09:55 AM Saptco posts SAR 14m profits in Q2

Riyadh – Mubasher: Saudi Public Transport Co.’s (Saptco) net profits rose 10.93% year-on-year to SAR 14.2 million ($3.8 million) in the second quarter of 2016 from SAR 12.8 million ($3.4 million). The increase in the net profits is attributed to …

Financial Results

17 April 2016 09:37 AM Saptco signs Murabaha deal with Al Rajhi Bank

Riyadh – Mubasher: Saudi Public Transport Co. (Saptco) signed Shariah-compliant credit facility agreement with Al Rajhi Bank on last Thursday. A Murabaha deal was inked at SAR107.9 million and secured by a promissory note, the company said in a …

Sukuk and Islamic Finance

12 April 2016 09:59 AM Saptco approves cash dividends for 2015

Riyadh-Mubasher: Shareholders of Saudi Public Transport Co. (Saptco) approved on Monday the distribution of cash  dividend at 5% of capital for 2015, according to a bourse filing. The dividend stands at SAR 0.50 per share, totalling SAR 62.5 …

Cash Dividends

5 April 2016 03:45 PM Saptco to decide on dividends 11 April

Riyadh-Mubasher: The shareholders of Saudi Public Transport Co. (Saptco) will hold their meeting on 11 April to discuss dividends for 2015, according to a bourse statement. The ordinary general meeting was rescheduled from Monday due to incomplete …

Cash Dividends

21 March 2016 08:47 AM Saptco shareholders e-vote on general meeting agenda

Riyadh-Mubasher: The Saudi Public Transport Co. (Saptco) said its shareholders will start e-voting on the agenda items of the upcoming ordinary meeting as of 11:00am, Monday, 21 March. The general meeting will look into the proposed cash dividends …

Event

29 February 2016 10:22 AM SAPTCO shareholders to discuss dividend payout 4 April

Riyadh-Mubasher: Saudi Public Transport Co. (SAPTCO) said its ordinary general meeting (OGM) will be held on 4 April, to discuss agenda items, mainly dividend payout for 2015. Shareholders will also look into the board’s report, balance sheet and …

General Assembly

31 January 2016 08:49 AM SAPTCO buys 200 buses worth SAR 235m

Riyadh-Mubasher:  Saudi Public Transport Co. (SAPTCO) has signed a contract to purchase 200 Mercedes buses at a total value of SAR 235 million, the company said in a bourse statement on Sunday. The transport services provider will receive 100 …

Corporate Actions

18 January 2016 05:15 PM SAPTCO turns to losses in Q4

Riyadh-Mubasher: Saudi Public Transport Co. (SAPTCO) incurred net losses of SAR 35.51 million in the fourth quarter of 2015, against earnings of SAR 34.73 million in Q4-14. The company ascribed the losses mainly to increase in general and …

Financial Results

5 January 2016 08:28 AM SAPTCO plans SAR 0.5/shr dividends

Riyadh-Mubasher: Saudi Public Transport Co. (SAPTCO) said Tuesday that the board of directors recommended the distributin of cash dividends for the fiscal year 2015 at 5% of the stock's par value, or SAR 0.5 a share, totalling SAR 62.5 million. …

Cash Dividends

31 December 2015 04:13 PM SAPTCO announces liquidation of subsidiary

Riyadh – Mubasher: Saudi Public Transport Co. (SAPTCO) said Thursday that the extraordinary general meeting of Saudi Bahraini Company for Transportation Ltd, a subsidiary, agreed today on liquidating the company and appointing a liquidator. SAPTCO …

Corporate Actions

30 December 2015 08:28 AM SAPTCO to add 300 buses to fleet

Riyadh – Mubasher: Saudi Public Transport Co. (SAPTCO) announced it signed an agreement on 29 December to buy 300 King Long buses at a total value reaching SAR 107.9 million, which will be added to its local transportation fleet. The company will …

Corporate Actions

6 December 2015 03:47 PM SAPTCO says subsidiary term expired

Riyadh-Mubasher: Saudi Public Transport Co. (SAPTCO) said the term of its subsidiary Saudi Bahraini Transport Co.  has been expired on 6 December according to its commercial register. The expiry will not have a material impact on the company's …

Corporate Actions

15 November 2015 09:02 AM SAPTCO wins SAR140m contract from KAUST

Riyadh – Mubasher: Saudi Public Transport Co. (SAPTCO) announced it received on Thursday a letter of award from King Abdullah University of Science and Technology (KAUST) for a contract worth SAR 139.8 million. Under the deal, SAPTCO will provide …

Companies Investments

10 November 2015 08:27 AM SAPTCO selects Speedy Motors as Bahrain agent

Riyadh-Mubasher: Saudi Public Transportation Co. (SAPTCO) has concluded a contract with Speedy Motors Co., under which the latter has become SAPTCO’s agent in Bahrain, the Saudi transport firm said in a bourse filing Tuesday. Speedy Motors will …

Companies Investments

1 November 2015 09:06 AM SAPTCO signs 25-yr deal with King Khalid Airport

Riyadh-Mubasher: Saudi Public Transport Co. (SAPTCO) has signed on Sunday a memorandum of understanding (MoU) with King Khalid International Airport to provide it with transportation services. The memorandum will be effective for 25 years starting …

Mergers and Acquisitions

25 October 2015 04:09 PM Saudi transport sector makes SAR2.1bn profits in 9M

By Mohamed Al Araby Riyadh – Mubasher: Saudi Arabia’s transportation sector achieved a 116% surge in net profits for the first nine months of 2015 to SAR 2.1 billion, up from SAR 980 million reported in the same period a year ago. The profits jump …

Sector Reports

18 October 2015 09:05 PM SAPTCO reports 242% surge in Q3 earnings

Riyadh-Mubasher: Saudi Public Transport Co. (SAPTCO) recorded net earnings of SAR 81.4 million in the third quarter ended 30 September, soaring 242.18% compared with SAR 23.7 million in the corresponding period a year ago. Nine-month net income …

Financial Results

13 October 2015 09:26 AM SAPTCO renews gov't contract for 5 years

Riyadh-Mubasher: Saudi Public Transport Co. (SAPTCO) has renewed its contract with the Saudi government for additional five years starting from 1 Rajab 1434, the company said in a bourse filing on Tuesday. It added that no preferential treatment …

Corporate Actions