Theeb Rent a Car Opens Two Branches, Network Reaches 72

THEEB

THEEB

4261.SA

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On July 16, 2026, Theeb Rent a Car Co. announced the opening of two new branches in the Southern Region of Saudi Arabia — one located in Mahayil Aseer on King Abdulaziz Road in Al Rawdah District, and the other in Abha on King Abdullah Road in Al Nuzhah District. This expansion brings the total number of branches in the Southern Region to 13 and increases the company's nationwide network to 72 branches, supported by a fleet of more than 45,000 vehicles, including 14 branches at international and regional airports. The move is part of Theeb's broader strategy to strengthen its geographic coverage and enhance customer accessibility across the Kingdom, in alignment with the objectives of Saudi Vision 2030.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96834&anCat=1&cs=4261&locale=ar

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

Important 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.

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