Riyadh – Mubasher: Saudi Automotive Services Company (SASCO) on Thursday announced beginning operations of its new station SASCO Plus on the Jubail-Dammam Road.

SASCO’s investments in the new station reached SAR 19 million, which were financed through loans with local banks, the company said in a statement to the Saudi Stock Exchange (Tadawul).

Covering a total area of 12,771 square metres, SASCO Plus provides “fuel services, convenience store together with many branded restaurants, coffee shops, and ATM services,” SASCO revealed.

The new station will gradually bolster SASCO’s operating revenues, the company noted, indicating that SASCO Plus’ revenues will be reflected in the company’s results for the first quarter of 2018.

SASCO last reported a 15.13% rise in profits for the full year 2017 to SAR 29.91 million in 2017 from SAR 25.98 million in 2016.