Sasco Offers Land in Jeddah for 20.3M Riyals

Saudi company SASCO announced the sale of a piece of land it owns in Al Muruj neighborhood in Jeddah, measuring 3,103.02 square meters, at a value of 20.3 million riyals, excluding real estate transfer tax. The land includes a gas station, and the buyer, Al-Hashoum Investment Company, took possession of the property after the transaction was completed on October 7, 2026. This deal aligns with the company's strategy to sell real estate assets to provide liquidity and strengthen financial solvency. The positive financial impact of this transaction is expected to appear in the fourth quarter of 2026, with the proceeds being used to support its financial and investment activities.

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