Saudi Public Transport Company (SAPTCO) Announces the Decrease of its Accumulated Losses to 16.17 % of the Capital

Element List Explanation
Introduction The Saudi Public Transport Company (SAPTCO) announces that its accumulated losses decreased to 16.17% of its share capital of SAR 1.25 billion as of June 30, 2026
Date of accumulated losses decrease 2026-06-30 Corresponding to 1448-01-15
Amount of the Accumulated Losses (202.1) million SAR
Percentage of the Accumulated Losses out of the Capital (%) 16.17 %
Measures Taken by the Company to Decrease Accumulated Losses

- The Company’s implementation of its strategy focused on improving operational efficiency and enhancing profitability across its various sectors and business units.

- An increase in the Company's operating revenues due to higher passenger transportation volumes in public transport services, as the Company expanded into the passenger transport sector through the award of public transport projects within the cities of Madinah, Jeddah, Dammam, Taif, Jazan, Qassim, Tabuk, Al-Ahsa, and Abha.

- Expansion into maintenance and logistics services through the establishment of new subsidiaries to diversify the Company’s sources of income.

The external auditor’s report clarifying the financial position of the company