Cherry Trading signs vehicle rental contract with Ministry of Municipalities and Housing
Cherry Trading announced a 36-month contract to rent 210 vehicles to Saudi Arabia's ministry, worth SAR 24.7 million.
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what happened
Cherry Trading Company announced that it has signed a contract with the Ministry of Municipalities and Housing. The agreement covers the rental of 210 various vehicles to the ministry.
The contract runs for 36 months and is valued at SAR 24.7 million. The information was reported by Reuters.
why it matters
The news concerns a single small company and is unlikely to move the broader market. For Cherry Trading investors, it signals multi-year government revenue and gives a sense of the company's scale.
market impact
Cherry Trading: long-term government rental contract supports the company's revenue
tags
instruments
sources
- Cherry Trading Signs Contract With Ministry Of Municipalities And Housing — Reuters, 20 October 2026 at 05:40 UTC
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