‎Al Arabia inks SAR 563.2M advertising agreement for Riyadh transport project

Arabian Contracting Services Co. (Al Arabia) signed last Thursday, May 1, an investment and leasing agreement with the Royal Commission for Riyadh City (RCRC) for interior advertising spaces within the King Abdulaziz Project for Riyadh Public Transport (trains and buses).

According to a statement on Tadawul, the contract included revenue sharing in addition to contractual fees amounting to SAR 563.2 million, excluding VAT.

Arabian Contracting Services Co. (Al Arabia) signed last Thursday, May 1, an investment and leasing agreement with the Royal Commission for Riyadh City (RCRC) for interior advertising spaces within the King Abdulaziz Project for Riyadh Public Transport (trains and buses).

According to a statement on Tadawul, the contract included revenue sharing in addition to contractual fees amounting to SAR 563.2 million, excluding VAT.