Dar Almarkabah Car Rental Company announced on Wednesday the signing of a Memorandum of Understanding (MoU) with Al Khayar Security for Information Technology to operate the SAIR application, which provides intercity transportation services.
According to the company’s statement on Tadawul, the MoU outlines the operational framework of the SAIR app, defining the preliminary obligations and rights of both parties. It also specifies operating fees and profit-sharing mechanisms for transactions conducted through the platform. Additionally, the agreement includes provisions to ensure the confidentiality of shared information.
The MoU will remain in effect for 12 months from the signing date. The financial impact will be determined upon finalizing all related agreements.
