| Element List | Explanation |
|---|---|
| Announcement Detail | In line with its growth and expansion strategy, Cherry trading company announces the opening of two new daily rental branches during the current month, bringing its total network to 25 branches across the Kingdom. One branch will be opened in Hail, marking the Company’s entry into a new regional market, while the second branch—the sixth daily rental branch in Riyadh—further strengthens Cherry Rent A Car’s presence in the capital. This expansion is part of the Company’s broader strategy to scale its daily rental segment and enhance coverage in high-demand locations. The financial impact of these new branches is expected to be reflected in the Company’s financial results starting from the third quarter of fiscal year 2026 (Q3 2026). |