SASCO repays SAR 300 mln outstanding debt

17/04/2023 Argaam
One of SASCO’s fuel stations

One of SASCO’s fuel stations

Saudi Automotive Services Co. (SASCO) completed the repayment of SAR 300 million worth of outstanding debt, according to a Tadawul statement today, April 17.

 

Last March, the company’s board approved the early repayment of SAR 300 million, representing 18.8% of the total outstanding debt, via its own resources during Q2 2023, according to Argaam’s data.

 

SASCO noted that the move will contribute positively to reducing financing interest and improving the company's solvency position.

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