SASCO operates Buraydah station with SAR 11 mln investment

20/06/2022 Argaam
One of SASCO stations

One of SASCO stations

Saudi Automotive Services Co. (SASCO) started today, June 20, the operation of Buraydah City Exit 15 station that spans 40,000 square meters, according to a bourse filing.

 

The station provides fuel and supply services and has many restaurants, coffee shops and ATMs.

 

The total investment in the station is SAR 11 million, said the company, adding that the project was financed via banking facilities signed with local banks.

 

The company expects the new station to contribute to gradually increasing revenues, which will positively impact operating profit. It also forecasts the financial impact to reflect on financial results for the third quarter of 2022, noting that there are no related parties.

 

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