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Saudi Automotive Services Co. (SASCO) announce launch of franchise program of the two brands (SASCO and SASCO Palm c-store)

SASCO 4050 43.91% 80.30 24.50

Element List Explanation
Announcement Detail Saudi Automotive Services Co. (SASCO) announce that on October 9th , 2018, it has launched the commercial franchising program "SASCO Stations" and "SASCO Palm c-store" through conference which held on Tuesday October 9th , 2018 at Hyatt Regency Hotel in Riyadh.

The program is the first of its kind in the commercial franchise which aims to create new investment opportunities for the company and to increase its revenues and profitability by granting franchise to other operators which create real opportunities for citizens to participate in entrepreneur projects.

The financial impact of this program is expected to start on the second quarter of 2019. Note that there are no related parties.

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