Riyadh – Mubasher: Theeb Rent a Car Company signed a contract worth SAR 48.72 million with Jahez International Company for Information Systems Technology, according to a bourse disclosure on Monday.

The long-term rental deal duration stands at four years as of 4 July 2021.

Theeb will supply Jahez International with vehicles in stages within six months from signing the contract.

A positive impact is expected to reflect on the income statements of Theeb as of the third quarter (Q3) of 2021.