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Theeb Rent a Car Updates Market on SAR107 Million Contract With HungerStation

MT Newswires·07/19/2026 02:33:06
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02:33 AM EDT, 07/19/2026 (MT Newswires) -- Theeb Rent a Car (SASE:4261) on Sunday updated that its contract worth 106.8 million Saudi riyals with HungerStation for the phased delivery of vehicles will span four years. The car rental company originally signed a deal with HungerStation on Dec. 21, 2025, and entered into an addendum agreement on July 14, 2026. Deliveries will begin in batches during the first six months from the start date of the addendum. The impact of the addendum is expected to be reflected in Theeb's financials from the first half of 2027.