| Introduction |
Cherry Trading Company announces that it has received a purchase order from the Ministry of Municipalities and Housing under the unified framework agreement entered into with the Ministry for the provision of vehicle rental services. |
| Date of Announcement of the Award |
2026-10-19 Corresponding to 1448-05-08 |
| Contract Subject Matter |
Vehicle Rental |
| The Entity with Which the Contract was Signed |
Ministry of Municipalities and Housing |
| Date of Signing the Contract |
2026-10-19 Corresponding to 1448-05-08 |
| Contract Value |
24,749,541 SAR (Twenty-Four Million Seven Hundred Forty-Nine Thousand Five Hundred Forty-One Saudi Riyals). |
| Contract Details |
Rental of 210 Various Vehicles to the Ministry of Municipalities and Housing for a Period of 36 Months. |
| Contract Duration |
36 months. |
| Financial Impact and the Relevant Period |
The financial impact of the contract is expected to positively affect the Company’s financial statements starting from the fourth quarter of 2026, with the impact continuing through the first and second quarters of 2027. |
| Related Parties |
None. |
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