SASCO completes SAR5.5m station renovation

Riyadh - Mubasher: Saudi Automotive Services Company (SASCO) announced on Monday that it has finished the renovation of a station on Hafr Al Batin to Rafha Highway, according to a bourse filing.

SASCO invested around SAR 5.5 million to renovate the station, in an operation that was financed by banking facilities with local banks, the company said in a statement to the Saudi Stock Exchange (Tadawul).

The project is expected to contribute gradually increasing levels of operating revenues therefore the financial impact will show on the fourth quarter of 2017.

The total site area is about 15,000 square meters, and it is providing fuel services, convenience store and motel together with many complementary services, the statement noted.

Mubasher Contribution Time: 08-Aug-2017 14:27 (GMT)
Mubasher Last Update Time: 08-Aug-2017 14:27 (GMT)