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Sasco Sells Saudi Real Estate Property for SAR20 Million

MT Newswires·10/08/2026 03:12:00
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03:12 AM EDT, 10/08/2026 (MT Newswires) -- Saudi Automotive Services Co (SASE:4050), d/b/a Sasco, sold a 3,103-square-meter real estate property in Al-Marwah district in Jeddah, Saudi Arabia, for 20.3 million Saudi riyals. The property was sold and transferred to Al-Hushoom Investment Co. on Wednesday, according to a Thursday release. The transaction was part of the Saudi Arabian car services and fuel station operator's plan to enhance financial solvency under its deleveraging strategy. Sasco will use the sale proceeds to execute plans, support investments, and restructure its real estate portfolio.