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 various transportation services for eight years, the company said in a bourse filing Sunday.

The contract will start to take effect as of next June, while its financial impact will reflect on financial statements starting from the first half of 2016, SAPTCO added.