Riyadh – Mubasher: Saudi Public Transport Company (SAPTCO) signed a Murabaha facility agreement at a value of SAR 46.6 million with the Saudi British Bank (SABB).

The facility is secured by a promissory note, according to a bourse filing on Wednesday.

SAPTCO will use the financing to buy 124 new vehicles and will repay the loan in monthly instalments over three years.