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Saudi Public Transport Company (SAPTCO) has officially awarded and signed a major commercial contract with the Royal Commission for Jubail and Yanbu. The agreement, valued at SAR 470.2 million including value-added tax, mandates SAPTCO to provide comprehensive school transport services in Jubail Industrial City over a five-year period. Management confirmed that the contract involves no related parties and that the financial impact will begin reflecting in the company's financial results starting from the third quarter of 2026.
This long-term agreement highlights SAPTCO's strategic focus on securing multi-year public sector contracts, providing stable revenue visibility for its operational footprint in Saudi Arabia. Winning government-backed infrastructure and logistics tenders enhances the corporate profile and bolsters long-term cash flow predictability, which is key for capital expenditure planning in the transport sector.
Investors in the Saudi market will be monitoring how efficiently SAPTCO executes the operational rollout leading up to 2026. While immediate earnings will remain unaffected, the added contract revenue reinforces the company's long-term growth trajectory within the Kingdom's expanding public infrastructure ecosystem.
