Riyadh — Mubasher: Cherry Trading Company has received a purchase order and signed a contract with the Ministry of Municipalities and Housing for vehicle leasing services valued at SAR 24.75 million.

The agreement, finalized on 19 October, was issued under a unified framework agreement between the two parties.

Under the terms of the contract, Cherry Trading will provide a fleet of 210 diverse vehicles to the ministry. The duration of the service agreement is set for 36 months.

The company expects the financial impact of this contract to be reflected positively in its financial statements starting from the fourth quarter (Q4) of 2026.

This positive contribution is projected to continue throughout Q1-27 and Q2-27. Cherry Trading confirmed that there are no related parties involved in the transaction.

At the end of June 2026, the company generated a net profit of SAR 34.66 million, an annual growth of 8.18% compared to SAR 32.04 million.