Tihama: MoU with Custer 2 Airports company extended for two weeks

Tihama Advertising and Public Relations Co. announced on Wednesday that its subsidiary (Tihama Education Company) has signed a non-binding memorandum of understanding for two weeks with the Custer 2 Airports Company to finalise the contract to launch 14 retail branches in airports operated by Custer 2 Airports Company.

This comes with reference to the company’s announcement published on the Tadawul on 20-02-2023 that its subsidiary (Tihama Education Company) has signed a non-binding memorandum of understanding with the Custer 2 Airports Company to finalise the contract to launch 14 retail branches in airports operated by Custer 2 Airports Company.

And the party’s agreement to finalise the contracting process to launch 14 retail branches operated by Tihama Education Company under the WH Smith brand at airports operated by Cluster 2 airports Company in the Kingdom of Saudi Arabia, with lease contracts for a period of three years, where the value of these contracts will be agreed upon between the two parties. According to the available spaces and the lease fees.

This memorandum shall be effective from the date of its signing for a period of four weeks, during which contracts are concluded, and ends in the event of the expiry of the agreement period. In the event of signing lease contracts, this memorandum shall be replaced by the contracts and appendices.