Riyadh – Mubasher: The Saudi Automotive Services Company (SASCO) start operating six new stations in Jeddah, Madinah, Buraidah, Dammam, Abha and Tabuk on 31 December 2019.

The new stations contain fuel services and convenience stores, in addition to many support services, according to the company’s statement to the Saudi Stock Exchange (Tadawul) on Wednesday.

The new sites are expected to contribute to increasing the company’s revenues, with the impact set to reflect on the first quarter (Q1) of 2020 financial results.

This brought the total number of stations 201 by the end of 2019, compared with 166 stations in the company’s network at the end of 2018, with an increase of 21%.

SASCO said it seeks to increase the number of operating stations of the company through its acquisition of stations with distinctive locations within major cities and highways throughout Saudi Arabia.

 

Source: Mubasher

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