SAWSCO sells land in Jeddah

Saudi Automotive and Equipment Services Company "Sasco" announced the sale of a 2,148-square-meter land parcel in Al Nahda neighborhood in Jeddah for 44.5 million riyals. The move aims to support its financial activities and achieve its objectives of restructuring its real estate portfolio. This transaction is aligned with the company's strategy to sell real estate assets and increase cash liquidity, and its positive financial impact is expected to reflect in the third-quarter results of this year.

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