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SASCO extends lease agreement with Falcom

SASCO extends lease agreement with Falcom
The financial impact could not be determined
SASCO
4050
-2.10% 55.80 -1.20

Riyadh – Mubasher: The Saudi Automotive Services Company (SASCO) has extended its contract with Falcom Financial Services Company for three months starting 29 July 2021.

The listed company first signed a non-binding memorandum of understanding (MoU) with Falcom on 2 May to consider the option of selling and leasing back part of SASCO’s assets, according to a bourse filing on Thursday.

SASCO noted that the financial impact could not be determined at the current time yet will be announced upon completion of the deal.