SASCO: The acquisition of Zaiti to be financed by the company’s internal resources

01/12/2014 Argaam

Saudi Automotive Services Company (SASCO) said in a filing to Tadawul today that the acquisition of Zaiti Petroleum Services will be financed from its internal resources.
 

SASCO signed yesterday an agreement with Madaen Star Group Co. & Mr. Majed Mohammed Al Othaman for the acquisition of their stakes in Zaiti Petroleum Services after completing the due diligence test.


According to Argaam; SASCO signed in April an initial agreement to buy the joint stakes of the two major partners in Zaiti for SAR 58 million.

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