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 buses in August 2016, which will be reflected on the company's financial statements as of the fourth quarter of 2016.

The remaining 100 busses will be delivered in the first quarter of 2017, and the relevant financial impact will materialize in Q2-17.