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  • 30-12-19

    SACC to sign contract with Saudia to operate Alfursan domestic lounge

    (MENAFN) Saudi Airlines Catering Co. (SACC) said in a statement to Tadawul that, it signed a deal on December 29 with Saudi Arabian Airlines (Saudia) to design, build and run Alfursan domestic lounge at the new King Abdulaziz International Airport in Jeddah.


    The temporary worth of the 10-year agreement is expected at SAR 308 million.


    The contract is estimated to have a positive effect on the company's financial results from Q1 2020 and it will grow the cash flow and guarantee business sustainability.


    According to the statement, Saudia is one of the main shareholders in SACC and a related party.

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