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Saudi Airlines Catering Co. announces the embarking on a contract with FlyNas, for the purpose of delivering inflight catering services and selling onboard food, beverage, and other supplies.

CATERING 6004 23.91% 130.60 25.20

Saudi Airlines Catering Company (SACC) announces the embarking on a contract with FlyNas on the 23th of November 2017 for the purpose of performing inflight catering services and selling onboard food, beverage, and other supplies in addition to perform some logistic services, for a contract term of 5 years. The contract shall have a provisional value of SAR five hundred and one million (SAR 501,000,000). SACC expects a positive contribution to be shown in its accounts by the fourth quarter of 2017, which will boost the business sustainability by increasing the company's cash flow and by enhancing the company's business.

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