The Saudi Arabian Refineries Company (SARCO) announces that it was unable to publish its interim financial results for the nine months period ending on 09-30-2022
Element List Explanation Announcement Detail The Saudi Arabian Refineries Company would like to clarify to its valued shareholders that it will not be able to publish the financial statements for the nine-month period ending on September 30, 2022 AD on the specified date, because the company is still working with the external auditor to […]
Saudi Arabia Refineries Co. announces its Interim consolidated Financial Results for the Period Ending on 30-06-2022 ( Six Months )
ELEMENT LIST CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR %CHANGE PREVIOUS QUARTER % CHANGE Sales/Revenue 22,489,558 7,730,194 190.93 28,498 78,816.27 Gross Profit (Loss) 22,489,558 7,730,194 190.93 28,498 78,816.27 Operational Profit (Loss) 21,432,194 7,171,470 198.85 -684,087 – Net Profit (Loss) after Zakat and Tax 21,007,319 7,138,187 194.29 -658,446 – Total Comprehensive Income -79,350,014 45,585,767 – […]
Saudi Arabian Refineries Company (Sarco) announces about the resignation of the Managing Director
ELEMENT LIST EXPLANATION Introduction The Saudi Arabian Refineries Company (SARCO) announces that its board of directors has accepted the resignation submitted by Mr. Maqid bin Ibrahim Al-Otaibi (Member of the Board of Directors) from the position of Managing Director, according to the minutes of the Board of Directors issued on 12/01/1443 AH corresponding to […]
Saudi Arabian Refineries Company (SARCO) announces the date and method of distributing dividends to shareholders for the year 2021
ELEMENT LIST EXPLANATION Announcement Detail Reference to the announcement of the Saudi Arabian Refineries Company (SARCO) on 30/11/1443 AH corresponding to 29/06/2022 on the results of the Ordinary General Assembly meeting (the second meeting) regarding the Assembly’s approval of distributing cash dividends to shareholders for the year 2021 with a total amount of (7,500,000) […]
Saudi Arabia Refineries Co. Announces the Results of the Ordinary General Assembly Meeting, (Second Meeting)
ELEMENT LIST EXPLANATION Introduction Saudi Arabian Refineries Company (SARCO) announces the results of the Ordinary General Assembly meeting (the second meeting), which was held on Tuesday 29/11/1443 AH (according to Umm Al-Qura calendar) corresponding to 28/06/2022 at the Ritz-Carlton Hotel, Jeddah Procedures Al-Izz Hall with the application in attendance The precautionary and preventive issued […]
Saudi Arabian Refineries Company (Sarco) announces the establishment of a subsidiary with a limited liability owned (100%)
ELEMENT LIST EXPLANATION Announcement Detail Saudi Arabian Refineries Company announces the completion of the issuance of the memorandum of association and commercial registration for its subsidiary company under the name Al-Sado Investment Company (a limited liability company owned 100% by the Saudi Arabian Refineries Company) with a capital of five million Saudi riyals and […]
Saudi Arabia Refineries Co. announces signing a Memorandum of Understanding with Christof Global Impact company
ELEMENT LIST EXPLANATION Introduction Saudi Arabian Refineries Company “SARCO” announces the signing of two non-binding memoranda of understanding with Christof Global Impact, which took place yesterday evening, Wednesday, Wednesday, during a panel discussion held by the company on renewable energy projects that contribute to reducing carbon emissions. Memorandum Signing Date 2022-06-22 Corresponding to 1443-11-23 […]
Saudi Arabian Refineries Company (SARCO) announces its desire to sign a number of non-binding agreements
ELEMENT LIST EXPLANATION Announcement Detail Saudi Arabian Refineries Company announces its desire to sign a number of non-binding agreements with Christoph Global Impact – Christophe Arabia to implement a number of projects in the Kingdom of Saudi Arabia related to renewable energy, energy mix and carbon emissions reduction. Details of these agreements will be […]
Saudi Arabia Refineries Co. announces to Invites its Shareholders to Attend the ( First Meeting ) Ordinary General Assembly Meeting in presence and through modern technology
ELEMENT LIST EXPLANATION Introduction The Board of Directors of the Saudi Arabian Refineries Company (SARCO) is pleased to invite the honorable shareholders to participate and vote in the Ordinary General Assembly meeting (the first meeting) to be held, God willing, at seven o’clock in the evening on Tuesday 29/11/1443 AH (according to Umm Al-Qura calendar) […]
Saudi Arabia Refineries Co. announces its Interim Financial Results for the Period Ending on 2022-03-31 ( Three Months )
ELEMENT LIST CURRENT QUARTER SIMILAR QUARTER FOR PREVIOUS YEAR %CHANGE PREVIOUS QUARTER % CHANGE Sales/Revenue 28,498 1,190,427 -97.606 -611,771 – Gross Profit (Loss) 28,498 1,190,427 -97.606 -611,771 – Operational Profit (Loss) -684,087 317,799 – -1,563,206 -56.238 Net Profit (Loss) after Zakat and Tax -658,446 221,071 – -1,594,965 -58.717 Total Comprehensive Income 58,155,299 78,554,863 -25.968 […]