Riyadh-Mubasher: The United International Transportation Co. (Budget Saudi Arabia) said it may face some risks in 2016, including the impact of falling oil prices on global economies, which will reflect indirectly on the kingdom's transport sector.
The company added that it would be affected by the region's geopolitical conditions that may weigh on the investment opportunities and project growth, according to the board's report for 2015.
The third risk is the rise in some foreign currencies against the Saudi riyal, which may increase costs, the Tadawul-listed firm said.
The company added that it may also face the risk of rising prices of auto spare parts and high cost of maintenance, which would results in raising operating expenses.
Among the risks which Budget Saudi Arabia may face is the higher rents of properties in the kingdom, which would lead to increasing the cost of revenues.
