SASCO to receive SAR 8 mln from housing ministry after court ruling

25/02/2019 Argaam

 

The General Court in Riyadh ordered the Saudi Ministry of Housing to pay SAR 8.23 million in compensation to Saudi Automotive Services Co. (SASCO), the company said in a bourse filing.

 

In 2013, SASCO had filed a legal claim against the ministry for encroachment on the former’s land in Hafar Al-Batin region.

 

The relevant financial impact will reflect on SASCO’s earnings for the period ending March 31, 2019.

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