Riyadh – Mubasher: Saudi Public Transport Company (SAPTCO) signed a Murabaha facility agreement at a value of SAR 125 million with Al Rajhi Bank.

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

SAPTCO will use the financing to buy the final batch of vehicles of various classes.

The company will repay the loan in monthly instalments over three years. The first instalment shall be paid after one month of the first withdrawal.