Sasco delays Jeddah station impact report
SAFCO announced the postponement of recognizing the financial impact resulting from compensation for the expropriation of the Jeddah fuel station until the completion of the official procedures for transfer of ownership, after receiving a cash compensation of 13.02 million riyals. The company stated that the current delay in completing the procedures prevents recording the financial impact in the results for the second quarter of 2026, and that any additional costs are unrelated to the delay and will not affect the current results. The impact will be recognized once all legal requirements are fulfilled.
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