SARCO’s lawsuit against ASCO postponed to May 10

12/04/2017 Argaam

Saudi Arabia Refineries Co.’s (SARCO) lawsuit against Arabian Sulfonates Co. (ASCO) has been postponed to May 10, the company said in a statement to Tadawul on Wednesday.

 

SARCO filed the claim to liquidate its 34 percent-owned affiliate ASCO, due to major financial losses that exceeded 50 percent of ASCO’s capital.

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