SASCO Receives SAR 25.9M Expropriation Compensation Notice

SASCO

SASCO

4050.SA

0.00

On June 29, 2026, Saudi Automotive Services Company (SASCO) received notification from the Royal Commission for Riyadh City regarding the expropriation of approximately 38% of its fuel station land in Arqa District, Riyadh, for the second phase of the Riyadh Ring Road and Main Roads Project. The total estimated compensation for the expropriated portion amounts to SAR 25,931,503, while the station's current book value is approximately SAR 30 million. SASCO will rehabilitate and continue operating the remaining portion of the site, and anticipates a positive financial impact on its financial statements upon completion of the expropriation procedures and receipt of compensation.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=96481&anCat=1&cs=4050&locale=ar

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