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معلومات مباشر
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معلومات مباشر

2026-11-02T05:59:05.741Z

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Theeb Cuts Deal Value

Theeb Cuts Deal Value

Theeb Rent a Car Company reduced the value of its contract with First Line Logistics Services Company by approximately SAR 18.504 million, from SAR 61.68 million, after cutting the number of vehicles by 300, or 30%. The company said the amendment, agreed on November 1, 2026, was prompted by operational changes, including higher procurement costs, price fluctuations and shipping costs. Theeb has completed delivery of the full quantity specified in the amended scope, confirmed that no supply obligations remain outstanding, and stated that the amendment will not affect revenue recognized previously.

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