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Saudi Airlines Catering Co. announces the embarking on a contract with the Saudi Railways Organization, for the purpose of providing Food and beverage services to the Haramain High Speed Railway carriages and Cafeteria.

CATERING 6004 24.48% 131.20 25.80
Element List Explanation
Introduction Saudi Airlines Catering Company (“SACC”) announces the embarking on a contract on 01st of July 2019 with Saudi Railways Organization. The contract shall be for the purpose of providing Food and beverage services to Haramain High Speed Railway Carriages and Cafeteria. The term of the contract shall be for a term of (05) years. The provisional value is estimated to be eighty five million Saudi Arabian Riyal (SAR 85,000,000). SACC expects a positive contribution to be shown in third quarter 2019, which will boost the company’s business sustainability by increasing the cash flow and enhancing its business relationship with customers.
Date of announcement of the assignment 2019-07-01 Corresponding to 1440-10-28
Subject of contract The contract shall be for the purpose of providing Food and beverage services to Haramain High Speed Railway Carriages and Cafeteria.
Date of contract sign off 2019-07-01 Corresponding to 1440-10-28
Contract Value The provisional value is estimated to be eighty five million Saudi Arabian Riyal (SAR 85,000,000).
Contract Details - The contract shall be for the purpose of providing Food and beverage services to Haramain High Speed Railway Carriages and Cafeteria.

- The term of the contract shall be for a term of (05) years.

- The provisional value is estimated to be eighty five million Saudi Arabian Riyal (SAR 85,000,000). SACC expects a positive contribution to be shown in third quarter 2019

Contract Duration The term of the contract shall be for a term of (05) years
The financial impact and period that this project will affect SACC expects a positive contribution to be shown in third quarter 2019
Related Parties None

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