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Sasco postpones Jeddah station impact review
Sasco company announced the postponement of recognizing the financial impact resulting from compensation for the expropriation of a station affiliated with it in Jeddah, until the official transfer of ownership procedures for the property are completed. It clarified that the incomplete procedures prevented the recording of the expected losses amounting to 8.2 million SAR in the results for the second quarter of 2026, which will be done after the legal documentation is finalized. The statement also indicated that the cash compensation received amounts to 13.02 million SAR, and that the delay does not incur additional costs or have a direct impact on the current financial results.
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