Saudi Automotive Services Co. (SASCO) headquarter
The approval came during the extraordinary general meeting (EGM) held on June 16. 
Shareholders also approved board remuneration totaling SAR 2.45 million for 2025, and discharged board members from liability for the same period.
However, shareholders rejected most business transactions and contracts with related parties, including dealings involving Al-Madaen Star Group, Zawaya Real Estate Co., Nahaz Investment Co., and Fungate Co. These transactions included fuel purchases and lease agreements for stations and sites.
Meanwhile, shareholders gave the go-ahead for dealings with Mulkia Trading Co. related to fuel purchases for a one-year period, with the value of transactions during 2025 amounting to approximately SAR 39.21 million.
To view the voting results and contract details, please refer to the attachment below:
Saudi Automotive Services Co. (SASCO) headquarter
The approval came during the extraordinary general meeting (EGM) held on June 16.
Shareholders also approved board remuneration totaling SAR 2.45 million for 2025, and discharged board members from liability for the same period.
However, shareholders rejected most business transactions and contracts with related parties, including dealings involving Al-Madaen Star Group, Zawaya Real Estate Co., Nahaz Investment Co., and Fungate Co. These transactions included fuel purchases and lease agreements for stations and sites.
Meanwhile, shareholders gave the go-ahead for dealings with Mulkia Trading Co. related to fuel purchases for a one-year period, with the value of transactions during 2025 amounting to approximately SAR 39.21 million.
To view the voting results and contract details, please refer to the attachment below:
