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Sasco Told to Vacate, Demolish Leased Station in Saudi Arabia

MT Newswires·08/13/2026 09:50:23
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09:50 AM EDT, 08/13/2026 (MT Newswires) -- Saudi Automotive Services Co. (SASE:4050), d/b/a Sasco, said it received a notice from Riyadh Airports Co. to vacate and demolish its leased station, including hotel buildings, on King Salman Road in Riyadh, Saudi Arabia. The car services and fuel station operator said the site will be cleared for the Expo 2030 Riyadh project. It added that negotiations are underway to determine the compensation and financial impact of the demolition.