Saudi Automotive Services Co. (SASCO) received, yesterday, SAR 95m representing the full proceeds for selling its entire stake in the Industrialization & Energy Services Company (TAQA) -Saudi Closed Joint Stock Company.
SASCO said in a statement on Tadawul that the deal procedures are fully completed and the financial impact will be reflected in the financial results for the fourth quarter of 2014.
According to Argaam; Saudi Automotive Services Co. (SASCO) signed recently an agreement to sell its entire stake of 4.75m shares in the Industrialization & Energy Services Company (TAQA) at SAR 95m.
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