19 Hrs
Source:
الاقتصادية
Saasco Saudi Sells Jeddah Land
The Saudi Automotive and Equipment Services Company "Sasco" sold a land plot measuring 3,103 square meters in Al-Muraba District in Jeddah for 20.3 million riyals. This sale is part of its strategy to divest real estate assets to enhance liquidity and improve financial stability. The book value of the land is 17.2 million riyals according to the company's September 2026 financial statements. The proceeds from the sale will be used to support financial and investment activities and to restructure the real estate portfolio. The positive financial impact of this transaction is expected to be reflected in the company's results during the last quarter of the year.
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