RIYADH: The Saudi Railway Company, also known as SAR, has signed a cooperation agreement with ride-hailing platform Careem to offer passengers additional transportation services after they arrive at its stations.
The aim is to make it easier and for passengers to travel on from railway stations to their final destinations, according to a statement carried by the Saudi Press Agency on Wednesday.
The first phase of the agreement covers North Train stops in Riyadh and Qassim, and Eastern Train stations in Riyadh, Dammam and Hofuf. Phase two of the agreement will expand the service to stations in Al-Majmaah, Hail, Al-Jawf and Qurayyat on the North Train line, and Abqaiq on the East Train route, for a year.
The new passenger transportation service allows SAR customers to easily book a ride to their final destination ahead of their arrival at a station. Careem, which is owned by Uber, will provide reception areas at stations for the new service, with clear signs guiding passengers to them from platforms.
Abdulmajid Al-Khathlan, SAR’s director-general of commercial operations for the passenger sector, said that the agreement will improve the service provided to passengers, help them arrive at their final destinations in a timely manner, and enhance the logistics sector.
Ghaith Al-Juhani, the general manager of Careem in Saudi Arabia, said that the collaboration is an example of the company’s role in supporting the transport system and providing the best and easiest solutions for travelers.
He added that it represents a new way of thinking about the best methods of travel and transportation, and is helping to create a unique experience from which passengers will benefit.
Saudi Railway Co. and Careem launch joint passenger transport service
https://arab.news/ygabd
Saudi Railway Co. and Careem launch joint passenger transport service
- Rail passengers will be able to book a Careem ride to take them to their final destination before they arrive at a station
- Special reception areas will be provided at stations covered by the service, which includes stops on the North Train and East Train lines
Closing Bell: Saudi main index closes in green at 11,382
RIYADH: Saudi Arabia’s Tadawul All Share Index rose on Tuesday, gaining 111.21 points, or 0.99 percent, to close at 11,381.83.
The total trading turnover of the benchmark index was SR6.37 billion ($1.70 billion), as 204 of the listed stocks advanced, while 56 retreated.
The MSCI Tadawul Index also rose, adding 13.85 points, or 0.91 percent, to close at 1,533.33.
The Kingdom’s parallel market Nomu gained 8.39 points, or 0.04 percent, to close at 23,749.38. This came as 30 of the listed stocks advanced, while 45 retreated.
The best-performing stock was East Pipes Integrated Co. for Industry, with its share price surging 9.94 percent to SR146.
Other top performers included Tourism Enterprise Co., which saw its share price rise by 9.93 percent to SR14.17, and Thob Al Aseel Co., which saw a 7.84 percent increase to SR3.99.
On the downside, Saudi Arabian Mining Co. was among the weaker performers, with its share price falling 2.64 percent to SR77.40.
Saudi Paper Manufacturing Co. saw its shares fall 2.54 percent to SR57.50, while Yamama Cement Co. declined 2.07 percent to SR27.40.
On the announcements front, Future Vision for Health Training Co. signed a two-year cooperation agreement with King Saud University aimed at strengthening links between academia and professional readiness.
According to a Tadawul statement, the partnership focuses on the joint development and execution of specialized training programs for university students, aiming to enhance their practical skills and employability.
The initiative includes coordinated efforts in training design, academic supervision, and program evaluation, with the goal of better preparing graduates for the labor market.
The agreement, which is renewable by mutual consent, is expected to start generating a positive financial impact in the second half of 2026. The company said no related parties are involved in the deal.
The company’s share price closed at SR7.30 on Nomu, marking a 1.39 percent decrease.
