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 […]
The Saudi Arabian Refineries Company announces its financial results for the period ending on 31-12-2021
ELEMENT LIST CURRENT YEAR PREVIOUS YEAR %CHANGE Sales/Revenue 8,178,451 16,825,460 -51.392 Gross Profit (Loss) 8,178,451 16,825,460 -51.392 Operational Profit (Loss) 5,319,670 14,035,802 -62.099 Net Profit (Loss) after Zakat and Tax 6,592,233 13,380,263 -50.731 Total Comprehensive Income 62,460,541 69,362,306 -9.95 Total Share Holders Equity (after Deducting Minority Equity) 559,534,818 508,324,277 10.074 Profit (Loss) per Share […]
Saudi Arabia Refineries Co. Announces the distribution of cash dividend For Year 2021
The Board of Directors of the Saudi Arabian Refineries Company (SARCO) recommended in its meeting held on Wednesday 20/08/1443 AH corresponding to 23/03/2022, and the recommendation resolution was signed on Thursday 08/21/1443 AH corresponding to 03/24/2022 to the Ordinary General Assembly The fifty two to pay cash dividends for the fiscal year 2021 AD to […]
Saudi Arabia Refineries Co. Regarding the reappointment of the Chairman and Vice-Chairman and the re-formation of the Board’s committees for the current session
The members of the Board of Directors meet on Thursday 02/07/1443 AH corresponding to 03/02/2022 AD and deliberated over the re-formation of the members of the Board and its affiliated committees. The decisions were signed on Thursday 02/07/1443 AH corresponding to 03/02/2022 AD according to the following: First: Re-elect the Chairman and Vice-Chairman as follows: […]
Saudi Arabia Refineries Co. Announces Appointment of two Board Members
The Saudi Arabian Refineries Company (SARCO) announces the appointment of two independent members to its board of directors to complete the current board session, which ends on 30/04/2024 AD, according to the minutes of the Board of Directors issued on 02/07/1443 AH corresponding to 03/02/2022 AD, and the names of the two members are: 1- […]