Real Investment and Development Company has received, in accordance with previously scheduled agreements extending to the year 2030, from the beginning of the current month of January, to date, purchase orders for leasing various vehicles that have been delivered.
The company said in a statement on its website "Saudi Arabia trading"The value of the purchase orders is estimated at 11.39 million riyals.
She added that these contracts come within its expansion plan in the vehicle rental sector, in a way that enhances the development of its revenues and diversifies its customer base, provided that the financial impact of these contracts is reflected in the financial results for the relevant period.
Rental Contract
Yesterday, Riyal Investment and Development Company signed a new car rental contract with Al Fanar Company with a total value of the contract amounting to 7.5 million riyals.
She added that the contract includes the provision of vehicles under a 4-year rental agreement in accordance with the commercial terms and agreed upon service standards.
She expected that the financial impact of the contract will be reflected in the company’s monthly revenues starting from the date of vehicle delivery until March 31, 2030.
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