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Saudi Automotive Services Company (SASCO)

741 employees

Saudi Automotive Services Co "SASCO" is a Saudi public shareholding company. It has been established by the ministerial decree No. 563 dated 23/12/1402H corresponding to 10/12/1982. SASCO’s activities are represented in car service centers, a number of motels, restaurants, fuel transportation, the import and sale of equipment, as well as the provision of beverages supplied using modern and well-maintained equipment. The company also operates an automobile association to issue international driving licenses and the Customs Transit (Triptik) books. SASCO’s capital is SR 600,000,000 (fully paid) divided into 60,000,000 shares, with a face value of 10 Saudi Riyals per share. The Kingdom of Saudi Arabia has recently witnessed a quantum leap in the activities of its various business sectors. There has been a steady growth in projects and plans that have reflected positively on most of our service sectors, lending concrete support to cultural, economic, and tourism development, construction. Saudi Automotive Services Co. (SASCO) is one of the premier establishments operating in the services sector, serving commuters and travelers throughout Saudi Arabia. SASCO was established in 1402H (1982), according to specific operating standards that set a priority for customer satisfaction. The company’s accumulated experience, built up over 3 decades, provides a solid base for uplifting the company and setting a new benchmark for its services. SASCO’s awareness of its responsibilities has led to the setting up of developmental procedures, for all its sectors, in harmony with its expansion policy. The company has begun to develop its organizational structure and formulate strategic plans and future policies to build an operational action program. The purpose is to improve SASCO’s performance, in the interests of its shareholders, and to contribute in developing the sector in alignment with the needs and demands of citizens, residents and visitors to the Kingdom .

Investor insights

Funding rounds participated in

$51M sweet spot round size

Investor type

Public Company

Basic info

Industry

Retail

Sectors

Retail

Date founded

1982

Funding rounds raised

Total raised

$51M

from investors over 1 rounds

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Saudi Automotive Services Company (SASCO) raised $51M on January 5, 2020

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