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معلومات مباشر
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معلومات مباشر

2026-11-12T07:19:52.678Z

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SASCO approves RPT deals

SASCO approves RPT deals

SASCO’s 41st Ordinary General Assembly, held on November 11, 2026, approved contracts with related parties, with 56.32% of shareholders in attendance. The approvals included the lease of a site for Transport Fleet Company at an annual rent of SAR 1.365 million, and two fuel stations for Zayti Company at an annual rent of SAR 1.6 million. They also covered the lease of three stations at annual rents ranging from SAR 350,000 to SAR 1.2 million, with contracts running through 2030. The Assembly also ratified fuel-purchasing transactions made in 2025, valued at more than SAR 280,000 with Najmat Al Madain Group and nearly SAR 247,000 with Nahaz Investment Company, as well as the lease of residential rooms to Bawabat Al Marah Company for SAR 50,000 a year. SASCO confirmed that the contracts were entered into in the ordinary course of business and on no preferential terms.

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