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Saudi Airlines Catering Co. Announces Contract Sign Off with Saudi Railways Company

CATERING 6004 1.69% 90.40 1.50
Element List Explanation
Introduction Saudi Airlines Catering Company (“SACC”) announces the embarking on a contract with Saudi Railways Company. The contract shall be for the purpose of providing Food and beverage services in both the stations on board trains and Cafeteria (North and Earth Line). The term of the contract shall be for a term of (03) years. The provisional value is estimated to be seventy five million Saudi Arabian Riyal (SAR 75,000,000). SACC expects a positive contribution to be shown in fourth quarter 2021, 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 Award 2021-09-16 Corresponding to 1443-02-09
Contract Subject Matter Providing food and beverage services to Saudi Railways Company for both the stations on board trains and Cafeteria (North and Earth Line)
Date of Signing the Contract 2021-09-16 Corresponding to 1443-02-09
Contract Value - The provisional value is estimated to be seventy five million Saudi Arabian Riyal (SAR 75,000,000).
Contract Details - SACC will provide Food and beverage services to Saudi Railways Company in both the stations on board trains and Cafeteria (North and Earth Line).

- The term of the contract shall be for a term of (03) years.

- The provisional value is estimated to be seventy five million Saudi Arabian Riyal (SAR 75,000,000).

Contract Duration - The term of the contract shall be for a term of (03) years.
Financial Impact and the Relevant Period The 4th quarter of 2021
Related Parties NA

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