Retailing and Operation Division

Saudi Automotive Services Co. (SASCO) announces the latest developments of the options study of sell and leaseback some of its owned sites

29 July 2021
Retailing and Operation Division

ELEMENT LIST

EXPLANATION

Introduction

SASCO refers to its announcement at Tadawul website on May 02, 2021, concerning latest developments of studying options for sell and leaseback some of its owned sites, in this matter, SASCO reports that on July 29, 2021, the non-binding memorandum of understanding with Falcom Financial Services Company has been extended for a period of three months as of the date of signature and SASCO will announce any further developments in this regard.

Previous Announcement

The latest developments of study options for sell and leaseback some of its owned sites.

Date of Previous Announcement on Tadawul's Website

2021-05-02 Corresponding to 1442-09-20

Percentage of fulfilled achievement

do not apply

Event's Expected Completion Date

During three months

Reasons for Exceeding the Announced End Date

do not apply

The costs associated with the event, and if they have changed or not with indication of the reasons.

do not apply

Impact of the Delay on the Company's Financial Results

do not apply

Additional Information

The financial impact cannot be determined at this time and will be announced upon completion of the deal.

No related parts in this regard.