Catering embarking on a contract with Saudi Arabian Airlines

For the purpose of providing and operating a central baggage warehouse.

05/10/2017 09:15 AST

Saudi Airlines Catering Company (SACC) announces the embarking on a contract with Saudi Arabian Airlines Est. on the 04th of October 2017, for the purpose of providing and operating a central baggage warehouse, for a contract term of three years. The contract is valued at SAR Twenty Seven millions (SAR 27,000,000). SACC expects a positive contribution to be shown in the first quarter of 2018, which will boost the business sustainability by increasing the company's cash flow, and by enhancing the company's business relationship with Saudi Arabian Airlines Est.

Saudi Arabian Airlines Est. is a related party as one of the major shareholders of SACC.


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