RIYADH, 17 January 2006 -- Khalid Al-Ibrahim, chairman of Saudi Automobile Services Company (SASCO) announced that the company made SR26.6 million in profits during the fourth quarter of 2005, bringing its total net profits for the year to SR161.3 million. This is an increase of 628 percent from 2004. Al-Ibrahim said that SASCO succeeded during the last five years in achieving its goals and still seeks to develop its current services and is searching for new investment opportunities.
© Arab News 2006
