Mubasher: Saudi Automotive Services Company (SASCO) has completed selling all shares in two investment portfolios in the Saudi Stock Exchange (Tadawul) on 29 December 2016, according to a bourse filing.
The transactions were managed by Saudi Fransi Capital Company and Mulkia Investment Company.
“This is due to directing the liquidity in its core activities in line with its strategic goals, portfolio management agreements will stay active in case of company will invest in securities according to the liquidity available of the company,” the statement said.
The financial impact of this exit will show on financial results during the fourth quarter of 2016 by an amount of SAR 4.4 million.
