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Saudi Airlines Catering pens SAR 180m deal with Ma’aden

Saudi Airlines Catering pens SAR 180m deal with Ma’aden
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MAADEN
1211
-0.28% 72.10 -0.20
CATERING
6004
3.32% 84.00 2.70

Riyadh – Mubasher: Saudi Airlines Catering Company has signed a contract worth SAR 180 million with Saudi Arabian Mining Company (Ma'aden) to provide catering services to Ma’aden.

The three-year agreement is effective as of 14 October, according to a bourse disclosure on Thursday.

Saudi Airlines Catering expected a positive impact of this deal which will reflect on the income statements for the fourth quarter (Q4) of 2021.

The contract aims to boost business sustainability by increasing Saudi Airlines Catering’s cash flow and enhancing its business relationship with customers.