Riyadh - Mubasher: Al Mohafaza Company for Education has inked a SAR 1.55 million lease financing contract with Al Jabr Finance Company to facilitate the purchase of 10 buses.
The transaction forms part of the Al Mohafaza Company for Education’s efforts to modernize its transportation fleet and enhance student transport services, according to a bourse filing.
Meanwhile, the 18-month financing agreement was signed on 23 June 2026 and is secured by a commercial promissory note.
Earlier in June, Al Mohafaza Company signed an agreement to reschedule a SAR 3 million interest-free loan by Maroum Drilling Medical Services Company.
