SASCO starts ops at SAR 16 mln fuel station on Madinah-Yanbu highway

11/12/2022 Argaam
A SASCO fuel station

A SASCO fuel station

Saudi Automotive Services Co. (SASCO) started on Dec. 8 operating its fuel station, which is located on Madinah-Yanbu Highway and spans 32,000 square meters (sqm), according to a statement on Tadawul.

 

The total investment stood at SAR 16 million, to be financed via credit facilities secured from local banks.

 

The station will provide fuel services, and will include a number of restaurants and coffee shops along with ATMs.

 

The station will gradually help boost SASCO’s revenue and operating profit.

 

The relevant financial impact will appear as of Q1 2023.

 

The deal included no related parties, the statement added.

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