Job Openings at Saptco – Apply Now
The escalated endeavors to set up the idea of open vehicle in the Kingdom have begun since the issuance of the Royal Decree No. (M/11) dated 07/03/1399 AH consenting to permit the foundation of the Saudi Public Transport Company “SAPTCO” for travelers transport in the Kingdom of Saudi Arabia.
This was trailed by the issuance of another imperial pronouncement No. (M/48) dated 23/12/1399 AH, through which SAPTCO (Saudi Joint Stock Company) was resolved to embrace the traveler transport action for a time of fifteen Hijra years, HJ as indicated by the agreement marked between the Company and the Ministry of Transport.
In acknowledgment of Company’s triumphs, and the expectation of what could be accomplished later on, the Council of Ministers issued Decision No. (57) dated 01/06/1414 AH consenting to recharge the agreement of responsibility marked between the administration and Saptco issued by Royal Decree No. (M/48) dated 23/12/1399 . under similar conditions contained in that for a time of fifteen years beginning from 01/07/1414 AH, On 21/05/1429 AH the dedication contract was recharged for an additional five years, subject to expansion starting at 01/07/1429 AH, The agreement was then stretched out for a time of 3 different years starting at 01/07/1434 AH.
To give the essential money related assets, which ensures the satisfaction of the commitments of the Company without limit, the Statute of the organization fixed the capital of the organization at (SR. 1,000,000,000) one thousand million Saudi riyals that would be expanded to (SR. 1,250,000,000) one thousand and two hundred and fifty million Saudi riyals during the year 2007. The principle goal of the Company was distinguished as traveler transport by transports on an open street organize inside and between urban areas. The quantity of Company’s Vehicles achieved (4,500) Vehicle.
The organization gives a wide and customary system of between city lines city associating more than (385) urban areas, towns and little towns everywhere throughout the Kingdom.