PHOTO
A handout picture provided by the Saudi Ministry of Media on July 25, 2020, shows travellers among the first group of arrivals for the annual Hajj pilgrimage, mask-clad and seated distantly from one another due to the COVID-19 coronavirus pandemic, riding on a bus transporting them from the Red Sea coastal city of Jeddah's King Abdulaziz International Airport. (Photo by Saudi Ministry of Media / AFP).
Riyadh – Saudi Public Transport Company (SAPTCO) inked a SAR 113.84 million contract with the Development of Madinah Authority on 26 January 2025, according to a bourse filing.
The deal covers operating shuttle transportation services for the Pilgrims Experience Program in Madinah for one year.
This contract is expected to reflect positively on SAPTCO’s financial results during the first quarter (Q1) of 2025.
In the first nine months (9M) of 2024, SAPTCO logged net profits valued at SAR 20.85 million, down 53.39% year-on-year (YoY) from SAR 44.73 million.
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