Dar Almarkabah inks SAR 24M contract with Investment Ministry

Dar Almarkabah for Renting Cars Co. signed, on July 3, a car rental services contract with the Ministry of Investment, at a total value of SAR 24 million (including VAT).

In a statement to Tadawul, the company said that the deal covers providing vehicles through long-term leasing (monthly rent) and short-term rental (daily rent) for a period of four years.

The contract is expected to have a positive impact on the financial results for the second half of 2024, the statement added, noting that no related parties are included in the deal.