The Saudi Automotive and Equipment Services Company (SASCO) announced that it completed the signing of a credit facility agreement with the Saudi British Bank (SABB) worth 150 million riyals, effective from the date of signing, to be utilized by January 31, 2016, secured by a promissory note.

The company stated that the agreement includes a 100 million riyal long-term loan, in addition to 50 million riyals in bank guarantees, noting that it aims to partially finance capital expenditures, land purchases, and the construction of new stations.