Saudi Airlines Catering Company (-SACC-) announcement posted in Saudi Exchange Co. (Tadawul) on 02/07/2019G corresponding to 29/10/1442H regarding entering a contract with Saudi Railways Company for the purpose of providing food and beverage services to Haramain High Speed Railway Carriages and Cafeteria, SACC hereby announces that an amendment to the services charges and the scope of services has been implemented. The new additional scope of services includes the on train hospitality services for business class passengers, and business class lounges hospitality services at train stations.

Whereas, the Contract is scheduled to expire on 31/12/2023, the company expects that the new amendment will result an estimated revenues of one hundred and forty million Saudi riyals (140,000,000 Saudi riyals) throughout the remaining period of the contract duration, in which it will result a positive contribution to be shown in the second quarter 2022, and will boost the company-s business sustainability by increasing the cash flow and enhancing its business relationship with customers. The company expects that the new amendment will result an estimated revenues of one hundred and forty million Saudi riyals (140,000,000 Saudi riyals) Amendment to the services charges and the scope of services has been implemented. The new additional scope of services includes the on train hospitality services for business class passengers, and business class lounges hospitality services at train stations.

Contract Details: The Contract is scheduled to expire on 31/12/2023.