SAPTCO Accumulated Losses Narrow to 16.17% of Capital
SAPTCO 4040.SA | 0.00 |
On August 10, 2026, Saudi Public Transport Company (SAPTCO) announced that its accumulated losses have decreased to 16.17% of its share capital of SAR 1.25 billion, amounting to SAR 202.1 million, as of June 30, 2026. The reduction was driven by the company's strategy to improve operational efficiency, an increase in operating revenues from higher passenger transportation volumes following the expansion of public transport projects across multiple Saudi cities including Madinah, Jeddah, Dammam, Taif, Jazan, Qassim, Tabuk, Al-Ahsa, and Abha. Additionally, SAPTCO expanded into maintenance and logistics services through the establishment of new subsidiaries to further diversify its income streams.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97464&anCat=1&cs=4040&locale=arAttached PDF document link:
https://www.saudiexchange.sa/Resources/fsPdf/34053_440_2026-08-10_09-39-22_en.pdfImportant Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.