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Saudi Automotive Services Company (SASCO) announces the Receipt of Compensation for the Expropriation of a Station Owned by Naft Company (Sasco’s Subsidiary) in Jeddah | premargin

Element List	Explanation
Announcement Detail	Saudi Automotive Services Company (SASCO) announces that on 26 April 2026, it received an amount of SAR 13,024,465 as compensation for the expropriation of a station owned by Naft Company (Sasco’s subsidiary) located in Jeddah, for the benefit of the Historic Jeddah Project. This transaction will have an unfavorable impact of SAR 8.2 million on SASCO’s consolidated financial statements for the second quarter of 2026 due to the station’s share of goodwill arising from the acquisition.

Element List

Explanation

Announcement Detail

Saudi Automotive Services Company (SASCO) announces that on 26 April 2026, it received an amount of

SAR 13,024,465 as compensation for the expropriation of a station owned by Naft Company (Sasco’s subsidiary) located in Jeddah, for the benefit of the Historic Jeddah Project.

This transaction will have

an unfavorable impact of

SAR 8.2 million on SASCO’s consolidated financial statements for the second quarter of 2026 due to the station’s share of goodwill arising from the acquisition.