Retailing and Operation Division
Saudi Automotive Services Co. (SASCO) announces the latest updates of the options study of sell and leaseback some of its owned sites
19 December 2021
Retailing and Operation Division
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ELEMENT LIST
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EXPLANATION
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Introduction
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SASCO refers to its announcement at Tadawul website on October 31, 2021, regarding the latest updates regarding study of sell and leaseback some of its owned sites, According to SASCO and Falcom did not agree on the final version of the contracts and did not reach a satisfactory solution for both parties, On December 19, 2021, SASCO's Board of Directors decided not to complete the deal with FALCOM and to continue attracting offers from other parties.
SASCO confirms that it seeks to continuously maximize the interests of its shareholders.
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Previous Announcement
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the latest updates of the options study of sell and leaseback some of its owned sites
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Date of Previous Announcement on Tadawul's Website
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2021-10-31 Corresponding to 1443-03-25
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Percentage of fulfilled achievement
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Not applicable
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Event's Expected Completion Date
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SASCO will announce any updates regarding this matter.
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Reasons for Exceeding the Announced End Date
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Not applicable
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The costs associated with the event, and if they have changed or not with indication of the reasons.
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Not applicable
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Impact of the Delay on the Company's Financial Results
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Not applicable
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