SASCO agrees with Al-Jazira Capital not to proceed with remaining title deed from its owned sites

Saudi Automotive Services Co. (SASCO) announced on Wednesday that due to the existence of some legal requirements for the remaining title deed, which takes some time, and therefore the two parties (SASCO and Aljazira Capital) have agreed not to proceed with the remaining title deed.

The Company said that there is no impact on the financial statements.

This comes referring to SASCO announcement at Tadawul website on October 4, 2022, regarding the latest updates of the options study of sell and leaseback some of its owned sites.