Saudi Automotive Services Company Stocks

Saudi Automotive Services Company (SASCO), established in 1981 and headquartered in Riyadh, Saudi Arabia, operates as a multifaceted service provider with a diverse portfolio. Its primary business involves managing a comprehensive network of automotive service stations throughout Saudi Arabia, offering vehicle maintenance, repair, and fuel and water transportation services. These stations are equipped with various amenities for travelers, including restrooms, motels, restaurants, and provisions for meals, drinks, and refreshments, alongside car washing and lubrication facilities. Beyond its core service station operations, SASCO is deeply involved in various other automotive sectors. This includes running an automobile association responsible for issuing international driving licenses and customs transit books. The company also imports and sells vehicles, spare parts, tools, and equipment. Furthermore, SASCO actively participates in and manages local and international car and motorcycle clubs, circuits for motorsports, and organizes racing events. SASCO's ventures extend significantly into real estate, where it engages in the acquisition, development, purchase, sale, and leasing of land and properties. The company also undertakes contracts for the construction, management, maintenance, and operation of both residential and commercial buildings, as well as road construction and infrastructure projects, including bridges. Additionally, the company diversifies its revenue through the import and supply of foodstuffs, beverages, and raw materials. Saudi Automotive Services Company also provides financial services.