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Theeb Rent A Car Cuts Scope of First Line Logistics Supply Deal
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04:29 AM EST, 11/02/2026 (MT Newswires) -- Theeb Rent a Car (SASE:4261) amended its supply deal with First Line Logistics, reducing the agreed number of vehicles by 300 and lowering the contract value by 18.5 million Saudi riyals. The car rental company said Monday it fulfilled 70% of its original contract before amending the agreement on Sunday, and all deliveries under the revised terms are now complete. Theeb noted that the changes will not result in any reversal or adjustment of previously recognized revenue.
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