“Theeb” signs a contract for vehicle leasing services worth 110.4 million riyals
Last Thursday, Theeb Car Rental Company signed a long-term vehicle rental services contract with Hungerstation Company.
The company said in a statement on its website: "Saudi Arabia trading"The contract falls within the expansion plan of Theeb Vehicle Rental Company, which is based on solid strategic plans and stimulating growth in operations in addition to providing high-quality services to commercial partners, government agencies and companies.
She added that the value of the contract is estimated at 110.4 million riyals, while the duration of the contract is 4 years.
She stated that the contract includes: leasing 2,000 vehicles by Theeb Car Rental Company to Hungerstation Company for a period of 4 years. Starting in 2026 AD, the vehicles will be delivered in batches starting within the first six months from the start date of the contract, taking into account any global logistical conditions and procedures outside the control of the agents and the company.
It is expected that the contract will have a positive impact on the financial statements during the contract period starting from the first quarter of 2026 AD.
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