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SATS advances on Dammam contract win

Hot Stock

SATS advances on Dammam contract win

PC Lee Published on Tue, Aug 23, 2016 / 11:05 AM GMT+8

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SINGAPORE (Aug 23): Shares of SATS are up 0.6% to $4.83 after announcing that it has won a tender to build and operate a cargo terminal at Dammam in Saudi Arabia.

(See SATS wins tender to build and operate Saudi cargo terminal)

SATS, the airport ground handling and airline catering services provider, will operate the cargo terminal in Dammam for 22.5 years, according to a filing last evening.