SASCO renews bank facility agreement with SABB

12/12/2017 18:39 AST

Saudi Automotive Services Company (SASCO) announces completion of renewal and amended of the bank facility agreements (Shariah-compliant) with Saudi British Bank as follows:

1- The renewal and modulate of the facilities was signed on 12 December 2017.

2- The agreement was amended by increasing short-term financing of 50 SR million.

3- Facilities amounting to SR 177,967,726 , agreement include facilities of long term financing (SR 47,967,726), SR 80 million bank guarantees, and SR 50 million new short term financing. 4- The facility start from 07/12/2017 to 02 November 2021.

5- Guarantees for renewal and amendment of the agreement order note of SR 177,967,726.

6- The purpose of the financing is to finance the company's expansion plan and working capital requirements.

7- No related party on this agreement.


Tadawul

News

SASCO announces the impact of adjusting the prices of oil derivatives

01/01/2018

With reference to the decree issued by the Ministry of Energy, Industry and Mineral Resources dated Monday December 31, 2017 regarding the increment of the fuel prices, the company is pleased to anno

Tadawul

SASCO announces start operation of new station located on Sail Road

02/07/2017

Saudi Automotive Services Company (SASCO) announces that on July 2, 2017 start operating of new station on Sail Road (Taif/Makkah).

Total site area is about 14 Thousand square meters, and it

Tadawul

SASCO board recommended 5% cash dividends

29/12/2015

The Board of Director of Saudi Automotive Services Co. (SASCO) has recommended on 28 December 2015 to the general assembly Meeting, distribution of cash dividends for the fiscal year 2015 as followin

Tadawul

Most Viewed Companies

Ticker Price Volume

Valuation

SASCO Sector Market
P/E
Price/BookValue
Dividend Yield (%)

Momentum

Relative Strength
  • 1-Month
  • 3-Month
  • 1-Year
Volume Change
  • 10D Avg Vs 90D Avg
Price Vs…
  • 52-w high
  • 50-day moving avg.
  • 200-Day Moving Avg

Top Related Companies

Ticker Price Change
JARIR 12.79 0.19 (1.50%)
ALDREES 128.50 -2.50 (-1.91%)
EXTRA 88.55 0.00 (0.00%)
NICEONE 19.40 -0.20 (-1.03%)
ALSAIFGALLERY 6.46 0.00 (0.00%)

Recent News

Gulf Bank launches Concierge App in collaboration with Peacock Concierge

06/03/2026

As part of its ongoing commitment to delivering innovative digital solutions that enhance customers' lifestyles, Gulf Bank has launched its new Concierge App in strategic collaboration with Peacock C

Kuwait Times

Union Properties joins Massachusetts institute's industrial liaison programme

06/03/2026

Union Properties, one of the UAE's leading master developers, said it has entered into a membership agreement with the Massachusetts Institute of Technology (MIT) through its globally recognised Indu

Trade Arabia

Emirates NBD waives ATM withdrawal and debit card fees across UAE and GCC

06/03/2026

Emirates NBD has waived a range of banking fees for customers across the UAE and the wider Gulf, making cash and card services easier to access during a period of heightened regional uncertainty.

Gulfnews

2PointZero buys majority stake in Italian packaging group ISEM for $192m

06/03/2026

2PointZero Group, a next-generation investment powerhouse focused on energy and consumer sectors, has announced that it has formally completed the transaction to acquire a majority position in ISEM,

Trade Arabia

SAL agrees $30m Aviapartner Liege acquisition to expand into Europe

06/03/2026

SAL Saudi Logistics Services Co. has agreed to acquire Belgium-based Aviapartner Liege SA for ?28 million ($30.3 million), giving the Saudi logistics firm a foothold at one of Europe's major air carg

Arab News

logo

Financial Information Co.

Saudi Arabia

GCC Markets

Mutual Funds

News

Investment Tools

Sector News

Screeners

Indices & Commodities

Downloads

Copyright ©2001 - 2025, Financial Information Co. All Rights Reserved.

Terms of Services | Privacy Policy | Advertise with us | Contact Us | Sitemap