A Saudi Catering truck at the airport
Saudi Airlines Catering Co. (SACC) inked on March 6, 2022, a services contract with Executive Office Co. (Altanfeethi) at an estimated total value of SAR 85 million, according to a bourse filing.
Under the three-year agreement, Saudi Catering will provide catering and hospitality services in Altanfeethi’s terminals in airports within Saudi Arabia.
The contract will be effective as of March 15, 2022.
The relevant financial impact will appear on Saudi Catering’s financials for Q2 2022.
The contract will help boost the company’s operations, cash flows and sustainability, the statement added.
There are no related parties.