Saudi Arabia Refineries Co (SARCO) News - Mubasher Info
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28 August 08:42 AM

Saudi Arabia Refineries Co (2030)

Last update: 27 August 03:12 PM market time.
51.00
0.35
0.69%
Open 50.95
Previous Close 50.65
High 51.35
Low 50.70
Stock Statistics
Volume 117,922
Turnover 6,015,505.70
All data are 15 minutes late during market session

News

Photo Archive
23 August 07:13 PM SARCO subsidiary secures roughly SAR 13m subcontract with Saudi Binladin Group
Riyadh — Mubasher: Saudi Arabian Refineries Company announced that Advanced Industrial Supplies Company, known as Lawazim Industrial Company, secured a subcontract project valued at SAR 12.87 million with Saudi Binladin Group. The sub-agreement is …
Company News
Photo Archive
20 August 10:29 AM SARCO’s affiliate inks SAR 100m construction agreement in Riyadh
Riyadh — Mubasher: Saudi Arabian Refineries Company (SARCO) announced that its affiliate, Raya Al Tajdeed Contracting, has secured a construction contract in Riyadh valued at an estimated SAR 100 million. Raya Al Tajdeed, in which SARCO maintains …
Company News
Saudi Arabian Refineries Company (SARCO)
13 August 03:32 PM SARCO reshuffles Audit Committee following Al Bakr resignation
Riyadh — Mubasher: Saudi Arabian Refineries Company (SARCO) announced that its board of directors approved the resignation of Audit Committee Chairman Abdulaziz bin Abdulmohsen Al Bakr on 12 August 2026. Al Bakr, who had served on the committee …
Board of Directors
Photo Archive
12 August 04:32 PM SARCO's net losses fall 58.5% in Q2-26
Riyadh – Mubasher: Saudi Arabian Refineries Company (SARCO) announced a net loss of SAR 10.70 million for the second quarter (Q2) of 2026, representing a 58.51% improvement compared to SAR 25.80 million recorded during the same period last year. …
Company News
Photo Archive
12 August 09:03 AM Gaafar joins SARCO’s audit committee as new member
Riyadh – Mubasher: The board of Saudi Arabian Refineries Company (SARCO) approved the appointment of Adel Mamdouh Gaafar as a member of the audit committee during a meeting held on 11 August 2026. Gaafar joins the committee as an external member, …
Board of Directors
Photo Archive
6 August 02:14 PM SARCO terminates green MoU with AGR Renewable Energy
Riyadh – Mubasher: Saudi Arabian Refineries Company (SARCO) announced the expiration of a non-binding memorandum of understanding (MoU) previously signed with AGR Renewable Energy. The agreement, which was originally disclosed on 5 February 2026, …
Company News
Photo Archive
27 July 08:30 AM SARCO unveils details on majority stake acquisition agreement
Riyadh – Mubasher: Saudi Arabian Refineries Company (SARCO) announced a follow-up regarding the acquisition of an 85% ownership stake in Lawazim Advanced Industries by its subsidiary, Masafi Ventures Holding. The transaction, funded through the …
Companies Investments
Photo Archive
26 July 07:56 AM SARCO’s Masafi Ventures acquires 85% stake in Lawazim Advanced Industries
Riyadh – Mubasher: Masafi Ventures, a unit of Saudi Arabian Refineries Company (SARCO), has completed the acquisition of an 85% equity stake in Lawazim Advanced Industries. The transaction, valued at SAR 12 million, involved the purchase of shares …
Mergers and Acquisitions
Photo Archive
29 June 12:02 PM SARCO’s unit completes stake acquisition of Global Waste Solutions
Riyadh – Mubasher: Saudi Arabian Refineries Company (SARCO) has announced a significant milestone regarding its subsidiary, Masafi Ventures Company. The company confirmed the completion of all necessary regulatory procedures for the acquisition of …
Mergers and Acquisitions
Saudi Arabian Refineries Company (SARCO)
31 May 07:41 PM SARCO’s subsidiary enters into MoU for potential equity acquisition
Riyadh – Mubasher: Saudi Arabian Refineries Company (SARCO) has announced that its subsidiary, Refineries Venture Company (Masafi Ventures) has signed a non-binding memorandum of understanding (MoU) with Khadra Al Hijaz Environmental Services …
Corporate Actions
Photo Archive
25 May 04:56 PM SARCO partners with China-based Ally Hydrogen Energy
Riyadh – Mubasher: Saudi Arabian Refineries Company (SARCO) has signed a non-binding memorandum of understanding (MoU) with Ally Hydrogen Energy Company from China to develop a comprehensive green ammonia and hydrogen infrastructure project in …
Company News
Photo Archive
29 January 07:05 PM SARCO wins SAR 33m land auction via Enfead
Riyadh - Mubasher: Saudi Arabian Refineries Company (SARCO) has acquired a commercial land plot in Riyadh for SAR 33 million on 27 January 2026. SAECO won the auction, which was offered through the Mubasher Auctions platform (Enfead), according to …
Companies Investments
Photo Archive
16 December 2025 05:50 PM SARCO establishes new unit Clean Energy
Riyadh - Mubasher: Saudi Arabia Refineries Company (SARCO) has completed the issuance of the articles of association and commercial registration for its wholly owned subsidiary, Clean Energy Company. The limited liability single-member entity is …
Companies Investments
Photo Archive
19 September 2024 08:59 AM SARCO obtains SAR 500m financing from Riyad Bank
Riyadh – Mubasher: Saudi Arabia Refineries Company (SARCO) penned a Sharia-compliant facility deal valued at SAR 500 million with Riyad Bank on 17 September 2024. SARCO will use the loan for public investments, including buying shares and …
Banking and Finance
Photo Archive
31 January 2024 02:10 PM SARCO announces 3 new key appointments
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, …
Management Decisions
Photo Archive
14 November 2023 03:27 PM SARCO’s net profit plunges in 9M-23; firm turns profitable in Q3
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 …
Financial Results
Photo Archive
2 July 2023 03:28 PM SARCO to pay 10% of capital as dividends for 2022
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 …
General Assembly
Photo Archive
18 April 2023 04:14 PM SARCO names Al Qazlan as new CEO
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 …
Corporate Actions
Photo Archive
23 June 2022 06:22 PM SARCO plans projects to reduce carbon emissions; 1st phase exceeds SAR 1bn in cost
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 …
Companies Investments
Photo Archive
28 March 2022 01:34 PM SARCO’s profits drop 51% in 2021
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 …
Financial Results
Photo Archive
26 October 2021 10:20 AM SARCO records 114% increase in Q3 profits
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 …
Financial Results
The revenues grew by 16.4% to SAR 8.92 million in the six-month period
17 August 2021 04:56 PM SARCO's profit grows 23% in H1-21
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 …
Financial Results
Photo Archive
9 May 2021 01:47 PM SARCO turns to profit amid higher sales in Q1
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 …
Financial Results
Both positions are for a three-year term until April 2024 - (Photo Archive)
4 May 2021 10:25 AM SARCO appoints Chairman, Vice Chairman for new term
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 …
Management Decisions
SARCO will pay SAR 0.75 per share
22 April 2021 01:27 PM SARCO’s shareholders approve 7.5% dividends for 2020
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 …
General Assembly