SASCO starts operations at 8 new fuel stations

12/04/2021 Argaam

Logo of Saudi Automotive Services

Saudi Automotive Services Co. (SASCO) started on April 11, 2021, operations of eight new stations providing fuel services, convenience store, restaurants, coffee shops and ATM services, the firm said in a statement to Tadawul.

 

Three fuel stations are located in Madinah. One is in southern region, with a total investment of about SAR 20.9 million financed through banking facilities with local banks.

 

Four renovated stations also started operations, with two located in southern region, one in central region and one in western region.

 

The new openings are expected to contribute to increasing levels of operating revenues. The financial impact is expected in Q2 2021, the statement said.

 

There are no related parties.

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