Saudi Arabia Refineries Company (the “Company”) announces the signing of a non-binding Memorandum of Understanding with the German Saudi Industrial Company to acquire full equity in German Saudi Industrial Company by increasing the Company’s capital through the issuance of shares to the shareholders of German Saudi Industrial Company
Saudi Arabia Refineries Company (the “Company”) announces that it has signed a non-binding memorandum of understanding (“MoU”) to acquire all shares of the shareholders in the German Saudi Industrial Company (together the “Shareholders”). The MoU between the Company and the German Saudi Industrial Company is in connection with a share swap transaction of the […]
Invites the Board of Directors of Saudi Arabian Refineries (SARCO) shareholders to attend the Extraordinary General Assembly Meeting (First meeting) By means of modern technology
Through modern technology – in the company’s – Jeddah Login link: www.any-meeting.co The right of attendance shall be for shareholders registered in the issuer’s shareholders register at the Depository Center at the end of the trading session preceding the general assembly meeting and in accordance with the rules and regulations, and the eligibility to […]
Saudi Arabian Refineries Company announces the results of the Ordinary General Assembly Meeting (Second Meeting)
Element List Explanation Introduction The Saudi Arabian Refineries Company (SARCO) is pleased to announce the results of the Ordinary General Assembly Meeting (Second Meeting), which was held on Tuesday 20/11/1445H corresponding to 28/05/2024G through modern technology using Tadawulaty system (www.tadawulaty.com.sa), where the quorum for the second meeting was completed with an attendance rate of […]
Saudi Arabian Refineries Company (Sarco) International Trading Company announces the Commencement date of the electronic voting on the Agenda of its General Assembly Meeting (First Meeting) by means of modern technology (Reminder announcement)
Element List Explanation Announcement Detail With reference to the company’s announcement published on the Saudi stock exchange (Tadawul) on May 07, 2024 regarding the invitation to attend the General Assembly meeting (First Meeting), which is scheduled to be held by means of modern technology, God willing, at (19:00) pm on Tuesday 20/11/1445 corresponding to […]
Saudi Arabia Refineries Co. announces its Interim Financial results for the Period Ending on 2024-03-31 ( Three Months )
Element List Current Quarter Similar Quarter For Previous Year %Change Previous Quarter % Change Sales/Revenue 266,674 29,069 817.382 8,254,086 -96.769 Gross Profit (Loss) 266,674 29,069 817.382 8,254,086 -96.769 Operational Profit (Loss) -413,251 -413,614 -0.087 4,995,381 – Net profit (Loss) -599,096 -374,098 60.144 5,034,220 – Total Comprehensive Income 13,811,845 45,088,682 -69.367 -18,947,036 – All figures […]
Saudi Arabia Refineries Co. Board invites its shareholders to attend the Ordinary General Assembly Meeting the ( First Meeting )
Element List Explanation Introduction The Board of Directors of the Saudi Arabian Refineries Company (SARCO) is pleased to invite its esteemed shareholders to participate and vote in the Ordinary General Assembly meeting (first meeting) scheduled to be held, God willing, at exactly seven o’clock in the evening on Tuesday 11/20/1445 AH corresponding to 05/28/2024 […]
Saudi Arabian Refineries Company Sarco announces the formation of the Investment Committee
Saudi Arabian Refineries Sarco announces the formation of members of the Investment Committee in accordance with the company’s Board of Directors Resolution. the committee was formed from the following gentlemen: 1- Mr. Mishal Abdel Rahman Al-Aokla (Independent- Board Member) Chairman. 2- Dr. Abdul Rahman Ahmed Al-Mufarreh (Executive Board Member) Committee Member. 3- Mr. Saeed Abdullah […]
Saudi Arabia Refineries Co. announces the board of director’s recommended to not distribute dividends for the year 2023
Element List Explanation Date of the board’s decision 2024-03-18 Corresponding to 1445-09-08 Reasons for Not Recommending Distribution For order to invest the available cash in the development of new projects that will strengthen the financial position of the company. Additional Information This recommendation will be presented for voting during the next GAM of the […]
Saudi Arabia Refineries Co. announces its Annual Financial results for the period ending on 2023-12-31
Element List 2022 2023 Change% Sales/Revenue 34,354,174 15,599,125 -55 Total Profit (Loss) 34,354,174 15,599,125 -55 Operating profit (loss) 29,312,332 9,054,655 -69 Net Profit (Loss) After Zakat and Tax 28,230,062 7,701,643 -73 Total Comprehensive Income -113,213,965 10,190,479 109 Total shareholders’ equity (excluding minority interests) 438,820,853 434,011,332 -1.1 Earnings (loss) per share 1.88 0.51 All figures […]
Saudi Arabian Refineries Company Sarco announces the formation of the Audit Committee Members
Element List Explanation Introduction Saudi Arabian Refineries Sarco on Approved of the formation of audit committee for the new session, whose work begins on 01/25/2024 for a period of three years, to 01/24/2027, and the appointment the following members: Mr. Mishal Abdul Rahman Al-Aqla – Independent (Chairman of the Committee). […]