Saudi Automotive Services Co (4050)

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News

22 October 01:15 PM SASCO records 24.5% higher net profits in 9M-25

Riyadh - Mubasher: Saudi Automotive Services Company (SASCO) generated net profits totaling SAR 42.40 million during the first nine months (9M) of 2025. This reflected a 24.44% surge from SAR 34.07 million in the same period of 2024, according to …

Financial Results

4 May 04:13 PM SASCO’s net profits fall in Q1-25; revenues exceed SAR 2.7bn

Riyadh – Mubasher: Saudi Automotive Services Company (SASCO) achieved net profits valued at SAR 4.28 million in the first quarter (Q1) of 2025, down 59.69% year-on-year (YoY) from SAR 10.62 million. The company’s revenues jumped by 12.50% to SAR …

Financial Results

26 March 01:35 PM SASCO’s profits shrink 61.5% in 2024

Riyadh – Mubasher: Saudi Automotive Services Company (SASCO) generated 61.41% year-on-year (YoY) lower net profits at SAR 44.21 million in 2024, compared to SAR 114.55 million. On the other hand, the revenues witnessed an annual growth of 11.78% …

Financial Results

21 October 2024 03:23 PM SASCO posts 2.5% higher net profits in 9M-24

Riyadh – Mubasher: Saudi Automotive Services Company (SASCO) recorded net profits valued at SAR 34.07 million in the first nine months (9M) of 2024, up 2.40% from SAR 33.27 million in 9M-23. The revenues stood at SAR 7.58 billion in the …

Financial Results

8 September 2024 10:20 AM SASCO’s board greenlights SAR 17.5m dividends for H1-24

Riyadh – Mubasher: The board members of Saudi Automotive Services Company (SASCO) approved cash dividends worth SAR 17.50 million, representing 2.50% of the capital, for the first half (H1) of 2024. The Saudi firm will distribute SAR 0.25 per …

Board of Directors

29 July 2024 02:01 PM SASCO’s profits fall to SAR 23m in H1-24

Riyadh – Mubasher: Saudi Automotive Services Company (SASCO) generated SAR 22.86 million in net profit during the first half (H1) of 2024, down 2.47% year-on-year (YoY) from SAR 23.44 million. The revenues amounted to SAR 4.93 billion in H1-24, an …

Financial Results

24 June 2024 02:24 PM SASCO names Chairman, Vice Chairman

Riyadh – Mubasher: Saudi Automotive Services Company (SASCO) has appointed Chairman, Vice Chairman, and a Managing Editor. The company’s board appointed Ibrahim Mohammed Alhudaithi as Chairman, according to a bourse filing. The board also named …

Management Decisions

5 May 2024 07:34 PM SASCO obtains CMA’s approval for capital increase

Riyadh – Mubasher: The Capital Market Authority (CMA) has greenlighted Saudi Automotive Services Company’s (SASCO) request to raise its capital by SAR 100 million through bonus shares. SASCO will grant one bonus share for every six existing shares …

Management Decisions

2 May 2024 11:34 AM SASCO registers 18% lower net profits in Q1-24

Riyadh – Mubasher: Saudi Automotive Services Company (SASCO) logged net profits valued at SAR 10.01 million in the first quarter (Q1) of 2024, an annual drop of 18.28% from SAR 12.25 million. Meanwhile, SASCO posted 10.49% higher revenues at SAR …

Financial Results

28 March 2024 01:23 PM SASCO’s board proposes dividends, capital hike

Riyadh – Mubasher: The board of Saudi Automotive Services Company (SASCO) has recommended the distribution of SAR 45 million, or SAR 0.75 per share, in additional cash dividends for the fiscal year 2023. The board also proposed increasing capital …

Cash Dividends

24 March 2024 00:57 PM SASCO’s net profits up to SAR 105.5m in 2023

Riyadh – Mubasher: Saudi Automotive Services Company (SASCO) generated net profits amounting to SAR 105.49 million in 2023, up 40.32% from SAR 75.18 million a year earlier. Revenues witnessed an annual surge of 16.05% to SAR 9.11 billion as of 31 …

Financial Results

25 October 2023 11:04 AM SASCO posts SAR 6.77bn revenues in 9M-23; profits down

Riyadh – Mubasher: Saudi Automotive Services Company (SASCO) registered a 34.63% drop in net profit after Zakat and tax to SAR 40.03 million during the first nine months (9M) of 2023, versus SAR 61.24 million in 9M-22. The earnings per share (EPS) …

Financial Results

27 July 2023 11:13 AM SASCO registers SAR 27m net profits in H1-23

Riyadh – Mubasher: Saudi Automotive Services Company (SASCO) achieved net profits after Zakat and tax worth SAR 27.05 million in the first half (H1) of 2023, down 28.25% from SAR 37.70 million in H1-22. Revenues hiked by 33.50% year-on-year (YoY) …

Financial Results

8 May 2023 02:55 PM SASCO logs 75% leap in Q1-23 net profits

Riyadh – Mubasher: The net profits after Zakat and tax of Saudi Automotive Services Company (SASCO) hiked by 75.44% to SAR 14.07 million in the first quarter (Q1) of 2023 from SAR 8.02 million in Q1-22. Revenues amounted to SAR 2.22 billion in …

Financial Results

8 March 2023 00:01 PM SASCO records nearly SAR 90m net profits in 2022

Riyadh – Mubasher: Saudi Automotive Services Company (SASCO) achieved net profits after Zakat and tax worth SAR 89.71 million in 2022, signalling an annual rise of 76.45% from SAR 50.84 million. The earnings per share (EPS) increased to SAR 1.50 …

Financial Results

20 December 2022 00:14 PM SASCO to pay SAR 30m dividends for Q3-22

Riyadh – Mubasher: The board of Saudi Automotive Services Company (SASCO) decided to distribute cash dividends worth SAR 30 million, representing 5% of the capital, for the third quarter (Q3) of 2022. SASCO will disburse SAR 0.50 per share for 60 …

Board of Directors

27 October 2022 03:42 PM SASCO’s profits near SAR 61.5m in 9M-22 interim financials

Riyadh – Mubasher: Saudi Automotive Services Company (SASCO) recorded an annual leap of 72.51% in net profit after Zakat and tax to SAR 61.24 million during the first nine months (9M) of 2022, versus SAR 35.50 million. Revenues widened by 95.92% …

Financial Results

6 September 2022 01:18 AM SASCO announces SAR 30m dividends for H1-22

Riyadh – Mubasher: The board of Saudi Automotive Services Company (SASCO) decided to distribute cash dividends worth SAR 30 million for the first half (H1) of 2022, according to a bourse filing. The Saudi listed firm will disburse a dividend of …

Board of Directors

22 August 2022 09:38 PM SASCO’s profits hike 56.5% in H1-22

Riyadh – Mubasher: Saudi Automotive Services Company (SASCO) logged net profits after Zakat and tax worth SAR 37.70 million in the first half (H1) of 2022, up 56.50% from SAR 24.09 million in H1-21. The company registered revenues of SAR 3.33 …

Financial Results

15 June 2022 04:59 PM SASCO to pay 2.5% of capital as additional dividends for 2021

Riyadh – Mubasher: The shareholders of Saudi Automotive Services Company (SASCO) have approved an additional cash dividends distribution of SAR 15 million, representing 2.50% of the capital, for 2021. SASCO will disburse a dividend of SAR 0.25 per …

General Assembly

24 April 2022 04:55 PM SASCO logs 33% lower profits in Q1-22 initial results

Riyadh – Mubasher: Saudi Automotive Services Company (SASCO) reported net profits after Zakat and tax worth SAR 8.02 million during the first quarter (Q1) of 2022, an annual decline of 33.22% from SAR 12.01 million. Earnings per share went down to …

Financial Results

14 April 2022 06:27 PM SASCO pens SAR 375m facility agreement with Bank Albilad

Riyadh – Mubasher: The Saudi Automotive Services Company (SASCO) has inked a Sharia-compliant bank facility agreement worth SAR 375 million with Bank Albilad. The 10-year deal includes a long-term financing worth SAR 300 million in addition to a …

Companies Investments

10 March 2022 06:05 PM SASCO’s profits jump 27% in 2021

Riyadh – Mubasher: Saudi Automotive Services Company (SASCO) has logged net profits after Zakat and tax worth SAR 50.84 million in 2021, a year-on-year (YoY) jump of 26.68% from SAR 40.13 million. The revenues reached SAR 4.06 billion in 2021, a …

Financial Results

2 March 2022 01:39 PM SASCO liquidates majority of investment portfolio

Riyadh – Mubasher: The Saudi Automotive Services Company (SASCO) has liquidated 99% of its investment portfolio on 27 February. The liquidation transaction generated profits of around SAR 8 million from selling shares, according to a recent bourse …

Corporate Actions

21 February 2022 10:38 AM SASCO inks SAR 504m facility with Riyad Bank

Riyadh – Mubasher: The Saudi Automotive Services Company (SASCO) has inked a Sharia-compliant bank facility agreement worth SAR 504 million with Riyad Bank. The facilities include ten-year financing worth SAR 450 million with a hedging limit of …

Banking and Finance