RIYADH: Saudi Public Transport Co. narrowed its losses by 41 percent in 2021, as sales and distribution expenses dropped. Net losses reached SR220 million ($58.6 million), compared to SR377 million a year earlier, according to a bourse filing. SAPTCO said it narrowed losses by reducing cost and seeing more revenues from other sources including financing income. In turn, the
The Saudi Public Transport Co. has signed a public transport contract in Madinah with the city’s development authority, with a total value of SR57.5 million ($15.3 million) The Riyadh-based transport company, which operates local and international routes, signed the deal with the Madinah Region Development Authority. The contract is valid for five years, the company said in a
RIYADH: Saudi Arabian stocks opened flat on Tuesday, with the main index TASI just nudging higher, on weaker investor sentiment amidst cautious trading. As of 10:20 a.m. Saudi time, TASI was at 12,081 points, and the parallel Nomu market traded at 25,560 points. Saudi insurer Bupa Arabia topped the gainers in early trading as it surged 3.3 percent to SR139 ($37). In the
LONDON: Saudi Arabia considers it “a big victory” to be given a seat on the council of the International Maritime Organization, the UN agency responsible for regulating international shipping, the Kingdom’s transport minister told Arab News. The announcement was made by IMO Secretary-General Kitack Lim following a vote at the end of the 32nd general assembly of the
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