SASCO announces start of operating station on Madinah-Yanbu Highway, with investments of SR16 mln

Saudi Automotive Services Company (SASCO) announced on Sunday that on 8 December, 2022 start operating of station located at Madinah-Yanbu Highway with an area of 32,000 square meters, which providing fuel services, convenience store together with many branded restaurants, coffee shops and ATM services.
The total investment of this location is about SR16 million (financing by banking facilities with local banks).
It’s expected to contribute gradually increasing levels of operating revenues, therefore the financial impact will show on the 1st quarter of 2023, note that there are no related parties.