Saudi Automotive Services Company (Sasco) was established in 1982 to develop a national network of service stations. The company is 100 per cent privately owned.Sasco operates car service stations, restaurants and a gasoline transporter fleet.

It also supplies spare parts for use in the company's workshops. Sasco has taken investment stakes in other businesses, including minority shares in Saudi British Bank, Riyad Bank, Al-Rajhi Banking & Investment Corporation, the Middle East Centre for Batteries, the National Company for Tourism Investment and the International Trading & Manufacturing Company for Spare Parts.

Plans for the future include the development of a wider network of truck service stations. Refurbishment of restaurants and rest houses is also underway. The company has started co-operating the Saudi Arabian Public Transport Company (Saptco) to promote services on Saudi highways.

Diversification into transmission unit production is also going ahead.Sasco has been consistently unprofitable, reporting heavy losses in the 1980s and most of the 1990s. Losses reached a peak of SR 47 million ($13 million) in 1993.

In 1996, the company cut deficits by 44 per cent to SR 9.1 million ($2.4 million). The decline in losses continued in 1997 with losses contracting by a further 42 per cent to SR 5.3 million ($1.4 million).

The improvement in the bottom line stems mainly from a 7 per cent reduction in the cost of sales and a 13 per cent increase in other income, the profit and loss statement shows. Revenues edged down still further in 1998.

As a result, the losses more than doubled in 1998 to SR 13.9 million ($3.7 million).

Individuals	N/A
Institutions	N/A
Floating	N/A
Government	N/A

	2004	2003	2002
Total Assets	398,876	385,815	382,407
Shareholder's Equity	338,719	331,972	318,988
NIAT	22,015	13,333	14,186
Dividends	N/A	15,000	N/A

	2004	2003	2002
Assets Growth	3.39%	0.89%	-0.39%
Earning Growth	65.11%	-6.01%	116.43%
ROaA	5.61%	3.47%	3.70%
ROaE	6.57%	4.10%	4.54%
No. Of Shares	6,000,000	6,000,000	6,000,000
EPS	3.67	2.22	2.36
EPS Growth	65.11%	-6.01%	116.43%
Payout Ratio	N/A	112.501	N/A

	Trailing
PE
PB
DVPS
Div Yield
EV
EV/Equity

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