Riyadh-Mubasher: Saudi Automotive Services Co. (SASCO) has selected Projects Star Co. to develop and establish some locations, the company said in a statement to the Saudi bourse, Tadawul.
The projects awarded to Projects Star should not exceed 20% of the total number of awarded projects annually.
The move is pending the approval of the next general meeting.
SASCO Chairman Ibrahim Al-Hudaithi owns a 98.78% indirect stake in Projects Star through Madaen Star Group and Ibrahim Al-Hudaithi Investment Co.
