SASCO begins operations of 6 new stations on Dec. 31

01/01/2020 Argaam

 

Saudi Automotive Services Company (SASCO) started operating six new stations in Jeddah, Madinah, Buraidah, Dammam, Abha and Tabuk on December 31, 2019, it said in a statement to Tadawul on Wednesday.

 

The new stations offer fuel and support services as well as a convenience store.

 

The company expects the operation of the new sites to increase revenues, which will be reflected in the operating profits. The financial impact will appear from Q1 2020.

 

There are no related parties, the statement said.

 

The number of stations operated by SASCO reached 201 in 2019 compared to 166 in 2018, an increase of 21%.

 

The company seeks to increase the number of operating stations through the acquisition of stations within major cities and highways throughout Saudi Arabia.

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