Riyadh – Mubasher: Saudi Arabia-based BATIC Investment and Logistics Company on Thursday announced that its 94.88% subsidiary, Arabian Security and Safety Services Co (AMNCO), signed one-year contracts with a combined value of SAR 21.13 million.

Under the deals, AMNCO will provide various security services and officers for Jabal Omar’s development projects in Makkah, in addition to shopping malls in Souk Al Khalil, according to a bourse filing.

BATIC stated that the deal’s financial impact will be realised in raising AMNCO’s revenues by SAR 1.76 million on a monthly basis, starting from the second quarter of 2019.

By 11:51 Saudi time, BATIC Investment and Logistics Company’s stock shed 0.13% to SAR 38.10.