Riyal Investment Lands 31M SAR Vehicle Leasing Deal
Riyadh, Saudi Arabia — Riyal Investment & Development Co. has signed a framework agreement with MASA Services Company for Operation & Maintenance to provide vehicle leasing and rental services. The deal is valued at approximately 31,050,000 SAR, inclusive of VAT, and runs for five years starting January 1, 2027. Deal Details The agreement was signed […] The post Riyal Investment Lands 31M SAR…
On November 3, 2026, Riyal Investment & Development Co. signed a five-year framework agreement with MASA Services Company, valued at approximately 31,050,000 SAR inclusive of VAT. The deal, signed following an award on October 29, 2026, involves Riyal Investment & Development Co. providing vehicle leasing and rental services to MASA Services Company for Operation & Maintenance.
The contract extends from January 1, 2027, with no related parties involved, removing any conflict-of-interest concerns for investors. This contract, which will begin impacting financial results in the first quarter of 2027, represents a stable revenue stream for Riyal Investment & Development Co. and underscores its strategic focus on long-duration revenue generation in the vehicle leasing sector.
Written by urgent.news from The Saudi Standard's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
