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SAPTCO unit to start Riyadh bus operation in Q4

SAPTCO unit to start Riyadh bus operation in Q4
The deal’s financial impact cannot be determined at the current time.
SAPTCO
4040
34.70% 21.66 5.58

Riyadh – Mubasher: Saudi Public Transport Company (SAPTCO) revealed that its subsidiary, Public Transportation Company, has received the approval of Riyadh Development Authority to begin the commercial operation of Riyadh bus network by the fourth quarter of 2019.

The Saudi-based transportation company is still working on coordinating with related parties on the needed work plan, according to a filing to the Saudi Stock Exchange (Tadawul) on Sunday.

The company noted that the deal’s financial impact cannot be determined at the current time.