Saudi Arabia Refineries Co (2030)

Riyadh – Mubasher: Saudi Arabia Refineries Company (SARCO) has appointed Obaid Saad Al Subaie as the Chairman of the board for three years. Abdulaziz Abdulmohsen Al Bakr was named as the Deputy Chairman, according to a bourse filing. In addition, …

Riyadh – Mubasher:  Saudi Arabia Refineries Company (SARCO) posted a net profit after Zakat and tax of SAR 2.66 million in the first nine months (9M) of 2023, signalling an 84.50% year-on-year (YoY) decline from SAR 17.20 million. SARCO's earnings …

Riyadh – Mubasher: Saudi Arabia Refineries Company (SARCO) will distribute 10% of the capital as a cash dividend for the year ended on 31 December 2022. During the ordinary general meeting (OGM) on 22 June, SARCO’s shareholders greenlighted the …

Riyadh – Mubasher: Saudi Arabia Refineries Company (SARCO) has announced Khalid bin Mohammad Al Qazlan as the new CEO. Al Qazlan was appointed on 16 April and assumed his duties on 17 April 2023, according to a bourse disclosure. The new CEO held …

Riyadh – Mubasher: Saudi Arabia Refineries Company (SARCO) has signed two non-binding memoranda of understanding (MoUs) with Christof Global Impact Company to carry out renewable energy projects that help to cut carbon emissions. Under the first …

Riyadh – Mubasher: Saudi Arabia Refineries Company (SARCO) has achieved net profits after Zakat and tax worth SAR 6.59 million in 2021, an annual plunge of 50.73% from SAR 13.38 million. The revenues plummeted by 51.39% to SAR 8.17 million last …

Riyadh – Mubasher: Saudi Arabia Refineries Company (SARCO) achieved a net profit after Zakat and tax worth SAR 827,940 during the third quarter (Q3) of 2021, a surge of 114% from SAR 386,080 in Q3-20. On a quarterly basis, the net profits in Q3-21 …

Riyadh – Mubasher: Saudi Arabia Refineries Company (SARCO) achieved EGP 7.36 million in net profits after Zakat and taxes during the first half (H1) of 2021, up by 22.7% year-on-year (YoY) from SAR 5.99 million. The revenues grew by 16.4% to …

Riyadh – Mubasher: Saudi Arabia Refineries Company (SARCO) achieved a net profit after Zakat and tax worth SAR 221,071 during the first quarter (Q1) of 2021, against net losses of SAR 1.1 million in Q1-20. Quarter-on-quarter (QoQ), the net income …

Riyadh – Mubasher: Saudi Arabian Refineries Company (SARCO) announced the appointment of Suleiman bin Saad Al Hamid as Chairman of the board for a three-year term starting 1 May 2021, according to a bourse filing on Tuesday. SARCO has also …

Riyadh – Mubasher: The shareholders of Saudi Arabia Refineries Company (SARCO) gave the green light for distributing SAR 11.25 million, representing 7.5% of the capital, as cash dividends for 2020. The company will pay SAR 0.75 per share to the …

Riyadh – Mubasher: Profits of five Tadawul-listed petrochemical companies dropped by 45.3% on a year-on-year (YoY) basis during the third quarter (Q3) of the year. Combined profits of these firms netted SAR 43.95 billion during the quarter ended …

Riyadh – Mubasher: Saudi Arabia Refineries Company (SARCO) moved to net profits of SAR 386,080 during the third quarter (Q3) of 2020, against net losses of SAR 828,335 in the year-ago quarter. The company recorded revenues worth SAR 864,130 during …

Riyadh – Mubasher: Saudi Arabia Refineries Company’s (SARCO) net profits decreased by 30.55% in the second quarter (Q2) of 2020, reaching SAR 7.103 million, compared with SAR 10.227 million in the same period in 2019. The lower quarterly earnings …

Riyadh – Mubasher: Saudi Arabia Refineries Company (SARCO) has achieved SAR 1.1 million in net losses during the first quarter (Q1) of 2020, 13% less than SAR 1.27 million in the same period a year earlier. The drop in losses is attributed to the …

Riyadh – Mubasher: Saudi Arabia Refineries Company (SARCO) approved distributing SAR 15 million or SAR 1 per share as cash dividends for fiscal year (FY) 2019, equivalent to 10% of the company’s capital. The distributions will be for shareholders …

Riyadh – Mubasher: Trading the shares of Saudi Arabia Refineries Company (SARCO) will be resumed today, the Saudi Stock Exchange (Tadawul) announced. This comes following a one-day suspension upon the company’s request to announce a material …

Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) has suspended trading Saudi Arabia Refineries Company’s (SARCO) shares starting from Tuesday 11 February 2020. The sesupension will be for only one trading session upon the company’s request, …

Riyadh – Mubasher: Saudi Arabia Refineries Company (SARCO) moved to losses during the third quarter of 2019, suffering SAR 828,335. For the first nine months of 2019, SARCO’s net profits jumped by 56.6% to SAR 8.12 million, compared to SAR 5.18 …

Riyadh – Mubasher: Saudi Arabia Refineries (SARCO) turned to profit during the second quarter of 2019, achieving SAR 10.2 million net profit. In the first six months of the year, SARCO’s profit reached SAR 8.96 million, according to a bourse …

By: Elsayed Gamal Riyadh – Mubasher: The energy companies listed on the Saudi Stock Exchange (Tadawul) registered a 45.6% year-on-year decrease in profits after calculating Zakat and Tax during the full-year 2018. The sector’s net profits reached …

Riyadh – Mubasher: Saudi Arabia Refineries (SARCO) on Wednesday reported a 99% year-on-year profit hike in 2018. The Saudi firm’s net profits rose to SAR 14.56 million last year, from SAR 7.32 million in 2017, according to initial data published …

Riyadh – Mubasher: Saudi Arabia Refineries Company’s (SARCO) stock jumped 8.85% to SAR 38.50, registering its highest level in more than a year, or since 13 February 2017 by 2:20 pm KSA time on Sunday on the Saudi Stock Exchange (Tadawul).  The …

Riyadh – Mubasher: Saudi Arabia Refineries Company (SARCO) turned profitable in the first quarter of 2017. The company recorded net profits of SAR 3.04 billion in Q1-17 against SAR 721.78 million losses in Q1-16, according to a bourse filing on …

Riyadh – Mubasher: The extraordinary general meeting (EGM) of Saudi Arabia Refineries Company (SARCO) approved the freeze of dividends for fiscal year 2016. The EGM also agreed on the board’s and auditors’ reports for 2016, in addition to amending …