Saudi Automotive Services Co. (SASCO) has completed the renovation of its Zulum Station on the Riyadh-Taif highway at a total cost of SAR 15.5 million, financed from local bank facilities, the company said in a statement to Tadawul on Wednesday.
The 30,000 square-meter station includes a gas station, grocery store, motel and other services.
The renovation is expected to gradually increase SASCO’s operating revenue, the statement said, adding that financial impact will be reflected on Q4 2017 results.
There are no related parties, SASCO added.
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