Riyadh – Mubasher: Saudi Public Transport Co (Saptco) on Wednesday said it signed a deal to purchase 50 Mercedes buses model 2018.

The deal is worth SAR 61 million, the company revealed in a statement to the Saudi Stock Exchange (Tadawul), noting that it will receive the buses in the fourth quarter of 2017.

There are no third parties to this deal, it added.

In February, Saptco had announced signing a deal to deliver 150 buses model 2017, worth SAR 51 million, to support and upgrade its bus fleet.

Saptco’s stock closed Wednesday down 0.9% to SAR 15.45.