SASCO earns 8 million riyals by liquidating 99% of its investment portfolio

The Saudi Automotive Services Company, SASCO, announced the liquidation of 99% of its investment portfolio on February 27, 2022.

SASCO said in a statement on the Saudi Tadawul, today, Monday, that the liquidation resulted in profits from the sale of shares with an approximate value of 8 million riyals.

She added that the positive impact of this will appear on the listings for the first quarter of 2022.

and clarified that there are no related parties in this transaction.

The Saudi Automotive Services and Equipment Company (SASCO) has recently acquired 80% of the capital of the Oil Services Company Ltd. for 1.1 billion riyals.

In a previous statement, SASCO said that the total assets with the book value of the Oil Services Company amounted to 1.45 billion riyals in 2018, while it recorded 1.51 billion riyals in 2019, then 1.54 billion riyals in 2020.

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"SASCO" earns 8 million riyals by liquidating 99% of its investment portfolio

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