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SAPTCO' Subsidiary Acquires Two School Transport Contracts Worth SR 778 Million
Saudi Press Agency Published in Saudi Press Agency on 02 - 06 - 2014

Saudi-Emirate Integrated Transportation Company (SEITCO), which is being owned by Saudi Public Transport Company (SAPTCO) by 50% of its capital has won two contracts for implementation and operation of school transport services for male and female students of public education in the Eastern region and Tabuk region for four years at a total value of 778.8 million Saudi riyals.
In an announcement published today on the financial exchange market "Tadawul", SAPTCO explained that the contracts will start with the beginning of the school year 2014/2015.
The financial impact of the deal will appear at the 3rd quarter of the current year 2014.

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