Theeb Rent a Car Amends HungerStation Deal for SAR 106.75M
THEEB 4261.SA | 0.00 |
On July 15, 2026, Theeb Rent a Car Company announced the signing of an amendment to its previously disclosed contract with HungerStation Company, originally signed on December 21, 2025. The amendment expands the scope of cooperation between the two parties, with a total value of SAR 106,752,000, excluding VAT. Vehicles under the amended contract will be delivered in batches over the first six months from the commencement of the amendment's implementation, subject to global logistical conditions. The financial impact is expected to begin in the first half of fiscal year 2027, with revenues to be recognized gradually upon implementation and vehicle delivery, supporting the Company's strategic growth and expansion plan.
Original announcement:
https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96820&anCat=1&cs=4261&locale=arImportant 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.
