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Saudi Automotive Services Company (SASCO) announces the operation of new station (SASCO Plus) located on Alhada – Makkah road

SASCO 4050 -2.10% 55.80 -1.20

Saudi Automotive Services Company (SASCO) announces that on Feb 23rd, 2017 start operating of new station (SASCO Plus) on Al-Hada – Makkah road (Al-Ramal district).
The area of this site about 40,000 square meters, and it is providing fuel services, in spite of c-store, many global branded and local restaurants, coffee shops and ATM services.
The site investment volume amounted about SAR 16 million (financing by banking facilities with local banks). It’s expected to contribute in gradually increasing of the operating revenues and it will be reflected on the operating profits of the company , therefore the financial impact will be shown on the 2nd quarter of 2017, note that there were no related parties .

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