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SASCO Overview: Services, Expansion, and Investments
SASCO 4050.SA | 74.00 | +3.21% |
SASCO (Saudi Automotive Services and Equipment Company) is a Saudi joint stock company established on October 12, 1982. Its activities focus on a variety of services that include:
Car and Travel Service: Owns car service centers, rest houses, motels, and restaurants on the roads.
Fuel transportation and sale: Provides fuel transportation and sale services.
Equipment and tools trade: includes the import and sale of household appliances and food.
Operating a car club: Issues international driving licenses and customs transit books.
Additional information:
The company's capital amounted to 600 million Saudi riyals.
It has a presence of more than 536 stations, achieving monthly sales of up to 1,405,058 riyals per station, with a daily net profit of 276 riyals per day per station.
It is expanding its network of stations, which will put pressure on margins in the medium term.
Employment and salaries:
It offers job opportunities in various branches in the Kingdom, with salaries starting from 5,473 riyals for the position of cashier.
Investments and assets:
SASCO sold lands worth SAR 400 million to Aljazira REIT, with a 10-year lease, reflecting a trend towards leasing rather than owning assets.
It previously launched from demand areas and achieved an increase of more than 85%. During this launch, the stock recorded the highest historical level in the company’s history, and new demand areas were created, as shown in the chart below.
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