Saudi Automotive Services Company (SASCO) announces its plan to sell a number of real estate assets owned by it and its subsidiaries | premargin

Saudi Automotive Services Company (SASCO) announces its plan to sell a number of real estate assets owned by it and its subsidiaries

TadawulMay 8, 2025View on exchange

Element List	Explanation
Announcement Detail	Saudi Automotive Services Company (SASCO) announces its plan to sell a number of real estate assets owned by it and its subsidiaries during 2025 and 2026, which an estimated value exceeding SAR 500 million on a part of its strategy to secure cash flow, enhance operational efficiency, and achieve sustainable investment returns. This step is part of its efforts to restructure real estate portfolio and capitalize on the high market value of certain assets, which will contribute to supporting its expansion plans, enhancing shareholder value, and raising the rate of return on assets. Also, SASCO confirmed that it will continue to evaluate its investment opportunities to achieve a balance between expanding service station network and maximizing financial returns for investors.

Element List

Explanation

Announcement Detail

Saudi Automotive Services Company (SASCO) announces its plan to sell a number of real estate assets owned by it and its subsidiaries during 2025 and 2026, which an estimated value exceeding SAR 500 million on a part of its strategy to secure cash flow, enhance operational efficiency, and achieve sustainable investment returns.

This step is part of its efforts to restructure real estate portfolio and capitalize on the high market value of certain assets, which will contribute to supporting its expansion plans, enhancing shareholder value, and raising the rate of return on assets.

Also, SASCO confirmed that it will continue to evaluate its investment opportunities to achieve a balance between expanding service station network and maximizing financial returns for investors.