On behalf of several of the leading Saudi banks, AMNCO provides the complete services required for the ATM to function. The replenishment of cash and servicing of over 3500 ATM machines is accomplished by a staff of over 800 security technicians and 450 cash-in-transit vehicles Kingdom wide, supervised and controlled by 5 Control Centers. Modern security equipment is utilized to provide security for this very important sector of business in Saudi Arabia.
Saudi Land Transport Co.’s (Mubarrad) appointed on Tuesday Albilad Capital as its financial adviser for the private placement of its 95 percent-owned subsidiary Arabian Security & Safety Services Co. Ltd. (Amnco), Mubarrad said in a statement to Tadawul.
Amnco, which was established in 1984, provides professional security services and integrated cash management solutions in Saudi Arabia.
In January 2015, the transportation and logistics firm acquired a 95 percent stake in Amnco for a total of SAR 180.3 million, according to data available on Argaam.