Riyadh – Mubasher: Saudi Airlines Catering Company (SACC) has signed a renewed flight catering agreement with Saudi Arabian Airlines (Saudia).

The agreement, which currently ends on 31 December 2019, has been renewed for a period of ten years, according to a statement to the Saudi Stock Exchange (Tadawul) on Monday.

The provisional value of the new deal agreement is at SAR 12 billion.

SACC expects the agreement’s value to be positively reflected on its financial results starting from the first quarter (Q1) of 2020.

It is worth noting that Saudia is one of the major shareholders of SACC.