Stadler Rail : General Meeting approves all proposals and decides on a dividend of CHF 0.90 EN
Media release Bussnang, 22 May 2024 ...
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Media release Bussnang, 22 May 2024 ...
Successful Financial Year 2023 March 13, 2024 / Ad-hoc 2024 Ad-hoc announcement pursuant...
The trains will double the network capacity to over 3.8 million passengers annually and provide a direct express service between Riyadh and Dammam
The order from Saudi Arabia Railways is worth up to around CHF600 million ($689 million).
Saudi Arabia Railways (SAR) signed a contract with Stadler, a Swiss rail infrastructure and train manufacturer, for the supply and maintenance of ten next-generation passenger trains for SAR's East railway network, alongside the option for SAR to order an additional ten units in the future. As per the contract signed by SAR CEO Bashar AlMalik and Stadler President Peter Spuhler, the trains will meet the latest European and international standards while also being designed for the specific climate of Saudi Arabia to provide a comfortable and safe travel experience.