Saudi Automotive Services Company (SASCO) announces the board of directors decision to register company lands in its financial records with an amount of SR. (121.6) Million

13/11/2012 Argaam

Saudi Automotive Services Company (SASCO) announces the decision of board of directors in its meeting held on Monday 12 November 2012 to include a group of unlisted lands in the financial records with an amount of (121,622,568)SR, after evaluating these lands through specialized companies and in coordination with SASCO external Auditor.

These lands will be registered among the fixed assets at the end of the 4th quarter of 2012, noting that registering these lands will affect the owners equity in the financial statements among the grants and donations without any financial effects on income statement

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