Logo ofArabian Security Safety Services Co. (AMNCO)
Batic Investment and Logistics Co.’s subsidiary, Arabian Security Safety Services Co. (AMNCO), signed on Feb. 11 a contract with the Ministry of Transport and Logistic Services for providing security services and security patrols for Haramain High-Speed Railway, at a total value of SAR 96.19 million (VAT inclusive). 
In a statemen to Tadawul, the company said that the 36-month contract covers providing services that include industrial security for the facilities and security patrols along the railway lines between Makkah, Madinah, passing through Jeddah and King Abdullah Economic City, in accordance with the approved work plan by SAR and the requirements of HCIS.
These services will be provided 24/7 for the entire duration of the contract at all specified locations. The scope also includes providing a trained and qualified Security guards, equipment and tools, the statement added.
Meanwhile, Batic noted that this contract is expected to have a positive impact on the financial statement starting from H1 2025.
Logo ofArabian Security Safety Services Co. (AMNCO)
Batic Investment and Logistics Co.’s subsidiary, Arabian Security Safety Services Co. (AMNCO), signed on Feb. 11 a contract with the Ministry of Transport and Logistic Services for providing security services and security patrols for Haramain High-Speed Railway, at a total value of SAR 96.19 million (VAT inclusive).
In a statemen to Tadawul, the company said that the 36-month contract covers providing services that include industrial security for the facilities and security patrols along the railway lines between Makkah, Madinah, passing through Jeddah and King Abdullah Economic City, in accordance with the approved work plan by SAR and the requirements of HCIS.
These services will be provided 24/7 for the entire duration of the contract at all specified locations. The scope also includes providing a trained and qualified Security guards, equipment and tools, the statement added.
Meanwhile, Batic noted that this contract is expected to have a positive impact on the financial statement starting from H1 2025.
