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Sasco offers Jeddah land for 20.3M
SASCO company has sold a plot of land in Al Marwah District, Jeddah, measuring 3,103.02 square meters, for a value of 20.3 million SAR. The land is owned by the company and is the site of a gas station. The transaction amount was received, and the property was vacated by the buyer, Al Hashoum Investment Company, on October 7, 2026. The company clarified that the carrying amount of the assets was approximately 17.2 million SAR. This sale is part of its strategy to divest real estate assets to enhance liquidity and achieve financial stability, with an expected positive financial impact to be reflected in the fourth quarter of 2026. There are no third-party related parties involved in the transaction.
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