Riyadh – Mubasher: The Saudi Airlines Catering Co has signed a five-year contract with the Saudi Railways Organization to offer food and beverages services in Haramain High Speed Railway. 

Saudi Airlines Catering announced that the contract is estimated at a value of SAR 85 million, according to a bourse disclosure to the Saudi Stock Exchange (Tadawul) on Tuesday.

This agreement is expected to reflect positively on Saudi Airlines Catering’s financial statements starting from the third quarter of 2019.

The Tadawul-listed company further noted that this deal has no other related parties, while it is expected to boost the company’s cash inflows and business with its customers.