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SACO cancels store lease over contract violation

SACO cancels store lease over contract violation
SACO is now looking for a new location - (Photo Credit: Arabianeye-Reuters)
SACO
4008
-0.41% 21.94 -0.09

Riyadh - Mubasher: Saudi Company for Hardware (SACO) announced on Wednesday it has terminated a lease contract of new alternative store at Al Khobar, which is currently under construction, due to violation of contractual terms by the Owner.

SACO is looking for a new location, and will timely announce any developments regarding this issue, the company said in its statement to the Saudi Stock Exchange.