Riyadh-Mubasher: Saudi Public Transport Co. (SAPTCO) said its 50%-owned subsidiary, Saudi Emirati for Integrated Transportation (SETCO), has signed an agreement with the Saudi British Bank (SABB) to obtain SAR 220 million in facilities.

The facility will go for financing the purchase of 1,060 buses which will be used for school transportation, SAPTCO added.

The loan will be repaid through monthly instalments over four years. The first payment is due in six months from the date of receiving the funds.