Saudi Airlines Catering pens $48mln deal with Ma’aden

The contract aims to boost business sustainability by increasing Saudi Airlines Catering’s cash flow

  
A Saudi labourer walks at Maaden Aluminium in Ras Al Khair, Saudi Arabia May 22, 2016.

A Saudi labourer walks at Maaden Aluminium in Ras Al Khair, Saudi Arabia May 22, 2016.

REUTERS/Faisal Al Nasser
Riyadh –  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.

Source: Mubasher

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