SASCO board approves early repayment of SAR 300 mln from existing loans

SASCO service station

Saudi Automotive Services Co.’s (SASCO) board of directors approved on March 5 the early repayment of a part of the outstanding loans.

 

The company will repay SAR 300 million, representing 18.8% of total outstanding loans balance, through its own resources during Q2 2023, SASCO said in a statement on Tadawul.

 

The step is part of the company's plan to cut loans, which will contribute positively to reducing financing cost and improving SASCO’s financial efficiency, the statement added.

Comments 0

Be the first to comment

loader Train
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.

Market Indices

TASI
11,811.11
(87.75) (0.74 %)
Created with Highstock 6.0.710:…10:0011:0012:0013:0014:0015:0011,650.0011,700.0011,750.0011,800.0011,850.0011,900.00
Close : 11811.11 | Mar 6, 15:20
More

Quotes

SASCO
69.00
(1.00) (1.43%)
Created with Highstock 6.0.710:…10:0011:0012:0013:0014:0015:0067.0068.0069.0070.0071.00
Close : 69.00 | Mar 6, 15:20
More


Popular Links

Quick Links

Join Us

Argaam.com Copyright © 2025, Argaam Investment, All Rights Reserved
Call Request

Argaam Investment Company has updated the Privacy Policy of its services and digital platforms. Know more about our Privacy Policy here.

Argaam uses cookies to personalize content, to provide social media features and analyze traffic, that we might also share with third parties. You consent to our cookies if you use this website