SASCO liquidates 99% of investment portfolio, makes SAR 8 mln profit

28/02/2022 Argaam

One of SASCO service stations

Saudi Automotive Services Co. (SASCO) liquidated, on Feb. 27, 99% of its investment portfolio, generating a profit of nearly SAR 8 million from selling shares.

 

The positive impact will appear on SASCO’s financial statements for the first quarter of 2022, the company said in a statement to Tadawul.

 

There are no related parties to the deal, SASCO added.

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