24 Hrs
Source:
الاقتصادية
Sasco Gains a Quarter of Profits from Araqa Compensation
The Saudi Company for Car Services and Equipment "Sasco" is anticipating a potential financial gain of approximately 14.5 million SAR from the partial disposal of the Ar-Rughah station in Riyadh. This amount may represent about 23% of its projected profits for 2025, before accounting for final costs. The company also announced the postponement of recording a previously expected loss of 13 million SAR related to a station in Jeddah, due to the ongoing procedures for expropriation not yet being completed, which delays its future financial impact. The announcement reveals a variance in non-recurring items, as the company expects additional income from compensation related to the Ar-Rughah station, offsetting the delay of a potential loss from the Jeddah station.
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