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Sasco Assembly to Vote on Contracts November 11
The Saudi Automotive Services and Equipment Company (SASCO) announced that its Ordinary General Assembly meeting will be held on November 11, 2026, to discuss and approve contracts and commercial transactions with related parties. These include lease agreements and dealings with companies such as Nahaz Investment, Najmat Al-Madaen, Al-Aqarat, and Zawaya Real Estate. The transactions aim to approve site leasing options and fuel station agreements valued at up to 1.36 million riyals annually for periods of up to ten years. The discussions focused on ensuring that all these dealings are conducted in line with commercial interests and are not on preferential terms. Attendance by shareholders representing at least a quarter of the capital is required to achieve the quorum, or a second meeting can be held with any number of shares. Electronic voting for shareholders will commence starting November 7.
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