Saudi Automotive Services Company (SASCO) finalizes the sale of a land plot in Jeddah’s Al Marwah district for **SAR 20.30 million**. The transaction marks a significant real estate move for the automotive services provider in Saudi Arabia’s western region. No further details on the buyer or future plans for the site were disclosed.
Saudi Automotive Services Company (SASCO) shareholders approve interim dividends for the 2025 fiscal year during an Extraordinary General Assembly Meeting held on June 16, 2026. The same meeting rejects multiple related-party contracts proposed by the company. The vote reflects shareholder concerns over potential conflicts of interest in these agreements.
NAFT Services expands its Saudi gas station network to 500 locations through a **SR1.1 billion ($293.1 million)** partnership with Saudi Automotive Services Co. The deal follows an earlier announcement and will significantly boost NAFT’s retail footprint in the kingdom. The expansion targets broader coverage for fuel distribution and automotive services.
Saudi Automotive Services Co. (SASCO) acquires an 80% stake in NAFT Services Co. through a deal valued at SAR 1.1 billion. The transaction is confirmed via a bourse filing. NAFT Services operates in the automotive services sector, though specific details of its operations remain unstated in the announcement.
