REG - Mobico Group PLC - Major Saudia Arabia contract win

MobicoAnnouncement

Yesterday 07:00

For best results when printing this announcement, please click on link below:
https://newsfile.refinitiv.com/getnewsfile/v1/story?guid=urn:newsml:reuters.com:20251009:nRSI6436Ca&default-theme=true

RNS Number : 6436C  Mobico Group PLC  09 October 2025

9 October 2025

Mobico Group plc

Major Saudia Arabia contract win

Mobico Group Plc ("Mobico") is pleased to announce that its ALSA subsidiary,
as part of a Joint Venture, has won an eight-year capital-light contract in
the Kingdom of Saudia Arabia, with a total contract value of €500 million
revenue.

The contract, which will be run with a local company, includes the operation
of 156 vehicles, 126 of which will be electric, serving Qiddiya, a new city on
the outskirts of Riyadh. Qiddiya is one of Saudia Arabia's key strategic
projects and is expected to become the largest entertainment destination in
the country.

The contract involves the operation of Park & Ride facilities and shuttle
services connecting Riyadh and Qiddiya.

This contract win builds on ALSA's existing presence in Saudi Arabia, where it
began operating in October 2023, providing long-haul, intercity services
across the southern region of the country.

Phil White, Executive Chair of Mobico, said: "This new contract, which meets
our disciplined return hurdles, strengthens Mobico's presence in the Middle
East and showcases ALSA's ability to win competitive contracts in large-scale
overseas projects, positioning ourselves as a leading operator of innovative,
sustainable transport services."

 

For further information, please contact:

 Mobico Group PLC
 Brian Egan, Gregor Allan  +44 (0)121 803 2580

 Headland
 Stephen Malthouse         +44 (0)7734 956201

 Matt Denham               +44(0)7551 825496

 

About Mobico Group

Mobico is a leading, international shared mobility provider with bus, coach
and rail services in the UK, North America, continental Europe, North Africa
and the Middle East.

 

This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact
rns@lseg.com (mailto:rns@lseg.com)
 or visit
www.rns.com (http://www.rns.com/)
.

RNS may use your IP address to confirm compliance with the terms and conditions, to analyse how you engage with the information contained in this communication, and to share such analysis on an anonymised basis with others as part of our commercial services. For further information about how RNS and the London Stock Exchange use the personal data you provide us, please see our
Privacy Policy (https://www.lseg.com/privacy-and-cookie-policy)
.   END  CNTEAEEPEDKSFAA