SAUDI AUTOMOTIVE SERVICES CO 4050.SE :

* SAYS LAUNCHED COMMERCIAL FRANCHISING PROGRAM SASCO STATIONS AND SASCO PALM C-STORE

* SAYS PROGRAM AIMS TO CREATE NEW INVESTMENT OPPORTUNITIES FOR COMPANY, TO INCREASE ITS REVENUES,PROFITABILITY BY GRANTING FRANCHISE TO OTHER OPERATORS

* SAYS INANCIAL IMPACT OF THIS PROGRAM IS EXPECTED TO START ON SECOND QUARTER OF 2019

Source: (https://bit.ly/2ysxyxX) Further company coverage: 4050.SE

((Reuters.Briefs@thomsonreuters.com;))