The board of Saudi Arabian Refinery Co. (SARCO) recommended cash dividend at 7% of capital, or SAR 0.70 per share, totaling SAR 10.5 million.

Shareholders of record until the close of trading on the ordinary general meeting date – April 14, 2015 – will be entitled to this dividend.

The company posted SAR 1.79 million net earnings for Q4-14, against SAR 813 thousand net losses a year earlier.

The full-year net profit reached SAR 26.3 million, climbing 69.05% compared with SAR 15.5 million in 2013.