Saudi Automotive Services Company (SASCO) announces the latest developments regarding its receipt of compensation for the expropriation of a station owned by Naft Company (Sasco’s Subsidiary) in Jeddah

Element List	Explanation
Introduction	Saudi Automotive Services Company (SASCO) refers to its announcement on Tadawul website dated 27 April 2026 regarding its receipt of the amount of 13,024,465 SAR in exchange for the expropriation of a station belong to the Naft Company (Sasco’s Subsidiary) in Jeddah, for the benefit of the Jeddah Historical Project.
Previous Announcement	Receipt of compensation for the expropriation of a station owned by Naft Company (Sasco’s Subsidiary) in Jeddah
Date of Previous Announcement on Saudi Exchange’s Website	2026-04-27 Corresponding to 1447-11-10
Hyperlink to the Previous Announcement on the Saudi Exchange Website	Click Here
Latest Developments Of The Announced Event	The company stated in its announcement that the expected financial impact on SASCO's consolidated financial statements for the second quarter of 2026 is a loss of SAR 8.2 million, representing the station's share of goodwill resulting from the acquisition. Since the expropriation and transfer of ownership of the property have not yet been completed, the company announces that the financial impact will be recognized later, once the legal procedures for expropriating the property are finalized.
Reasons For The Delay on The Date of The Event Previously Announced	Not applicable
The costs associated with the event, and if they have changed or not with indication of the reasons.	Not applicable
Delay consequences on the Company’s financial results	Not applicable
Additional Information	SASCO will announce any updates in this regard later.