SASCO starts experimental operation of two new sites at the campus of King Khalid International Airport, Riyadh

Riyadh, Kingdom of Saudi Arabia, 2016-Aug-04 — /EPR Retail News/ — Saudi Automotive Services Co. (SASCO) announces on August 2, 2016 the start of experimental operation (45 days) of the two new sites (SASCO Plus) in King Salman Road at the campus of King Khalid International Airport – Riyadh.

The first site covers 20 thousand square meters area while the second site covers 10 thousand square meters area , both contains mosque, fuel services and c-store (SASCO Palm), in addition , many local and international restaurants, coffee shops and ATM services, first site include also a hotel under designing.

The Investment volume for the first location reached is about 34 million riyals (without the hotel) and the second location is about 24 million riyals (financing through bank facilities signed with local banks), it is expected to contribute on those sites to increase sales and profits of the company, the financial impact will occur on the third quarter of 2016. Note that there were no any related parties.

The company has been contracted with General Authority of Civil Aviation at King Khalid International Airport to construct and operate these two new strategic sites at king Salman Road- Riyadh.

Riyadh- Al-Ahsa Street
B.O. Box: 51880 Riyadh 11553
Kingdom of Saudi Arabia
Tel +966 11 206 8855 Fax +966 11 206 8833

Source: Saudi Automotive Services Co.