03:31 AM EDT, 10/28/2026 (MT Newswires) -- Saudi Automotive Services (SASE:4050), d/b/a Sasco, concluded the ownership transfer procedures for an expropriated station owned by its subsidiary Naft Co. The car services and fuel station operator said the expropriation resulted in a financial gain of 145,789 Saudi riyals, according to a Wednesday release. The station was expropriated for the Jeddah Historical Project. In addition, the goodwill valued at 8.2 million riyals will be subject to a goodwill impairment test at the end of the year in line with the International Financial Reporting Standards.

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