Riyadh – Mubasher: Saudi Airlines Catering Co. signed on Thursday, 23 November, a five-year contract with FlyNas at a value of SAR 501 million, aiming to deliver inflight catering services, selling onboard food, beverage, other supplies, and provide some logistic services.

This agreement is expected to contribute positively in the company’s financial results for the fourth quarter of 2017, according to Saudi Airlines Catering Co.’s statements on Sunday to the Saudi Stock Exchange (Tadawul).

“[The contract] will boost the business sustainability by increasing the company's cash flow and by enhancing the company's business,” the statement added.

The company's stock inched up 0.6%, closing at SAR 76.66 on Thursday.