SASCO extends lease agreement with Falcom

Riyadh – Mubasher: The Saudi Automotive Services Company (SASCO) has extended its contract with Falcom Financial Services Company for three months starting 29 July 2021.

The listed company first signed a non-binding memorandum of understanding (MoU) with Falcom on 2 May to consider the option of selling and leasing back part of SASCO’s assets, according to a bourse filing on Thursday.

SASCO noted that the financial impact could not be determined at the current time yet will be announced upon completion of the deal.

Mubasher Contribution Time: 29-Jul-2021 14:42 (GMT)
Mubasher Last Update Time: 29-Jul-2021 14:42 (GMT)