SASCO Ordered to Vacate Riyadh Station for Expo 2030

SASCO

SASCO

4050.SA

0.00

On August 13, 2026, Saudi Automotive Services Co.(4050.SA) received a notification from Riyadh Airports Co. to vacate and demolish its leased station on King Salman Road in Riyadh, including hotel buildings, to facilitate the implementation of the Expo 2030 Riyadh project. The company is currently in negotiations with Riyadh Airports Company and the Expo project authorities to determine the compensation amount for the affected station and hotel assets. The final compensation amount and its financial impact will be disclosed upon receipt.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=97615&anCat=1&cs=4050&locale=ar

Note: The original announcement does not explicitly specify a currency unit. Figures above are reproduced as-is. Please refer to the original announcement for details.

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