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Al Tayyar Travel shares rise on extended co-op with flydubai

: Thursday, March 13 - 2014 @ 19:37

The Tadawul All Share Index closed 0.40 per cent higher to reach 9,386.08 points on Thursday, March 13. SABIC shares rose by 0.65 per cent to reach SAR116.50.

Al Tayyar Travel Group Holding Company ended up 0.60 per cent to SAR127. Earlier in the day, the firm revealed that it renewed its agreement with flydubai yesterday (Wednesday, March 12) as an exclusive agent throughout the kingdom for three renewable years as of the date of the signature of the contract. “This agreement renewal falls within Al Tayyar Group’s long-term strategy with flydubai, by which it will provide technical and logistic support for the sales of flydubai tickets from its 350-plus sales channels and outlets, in addition to the airline’s website and contact sales centre,” reads a company statement, adding this will have a positive result on the Al Tayyar Group’s financial performance, starting from Q2 2014.

Gérard Al-Fil

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Thursday, March 13- 2014 @ 19:37 UAE local time (GMT+4) Replication or redistribution in whole or in part is expressly prohibited without the prior written consent of Mediaquest FZ LLC.

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