Saudi Arabia Refineries Co (SARCO) News - Mubasher Info
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02 April 05:40 AM

Saudi Arabia Refineries Co (2030)

Last update: 1 April 03:17 PM market time.
47.62
-16.33
-25.54%
Open 47.68
Previous Close 63.95
High 48.38
Low 47.60
Stock Statistics
Volume 115,586
Turnover 5,541,007.96
All data are 15 minutes late during market session

News

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 …
Cash Dividends
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 …
Board of Directors
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 …
Board of Directors
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
Photo Archive
4 November 2020 02:37 PM Five Tadawul-listed petchem firms log 45% lower profit in Q3
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 …
Sector Reports
SARCO's revenues totalled SAR 864,130 during the July-September period.
2 November 2020 03:57 PM SARCO returns to profitability in Q3
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 …
Financial Results
Revenue amounted to SAR 7.485 million in Q2-20
9 August 2020 09:52 AM SARCO posts 30% lower profits in Q2-20
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 …
Financial Results
The losses totalled SAR 1.1 million in Q1-20
18 May 2020 09:54 AM SARCO’s losses down 13% in Q1-20
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 …
Financial Results
The dividends will be distributed on 10 May
4 May 2020 01:58 PM SARCO approves SAR 15m dividends for 2019
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 …
General Assembly
The Saudi Stock Exchange (Tadawul)
12 February 2020 10:40 AM SARCO resumes trading on Wednesday
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 …
Market News
The Saudi Stock Exchange (Tadawul)
11 February 2020 00:15 PM Tadawul suspends trading SARCO
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, …
Trading Activities
SARCO’s net profits jumped by 56.6% to SAR 8.12 million in nine months
6 November 2019 10:29 AM SARCO swings to losses in Q3
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 …
Financial Results
SARCO’s profit reached SAR 8.96m in H1
6 August 2019 07:55 PM SARCO records SAR 10.2m profit in Q2-19
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 …
Financial Results
Revenues went up 19.8% to SAR 52.32 billion from January to December 2018
21 March 2019 02:16 PM Tadawul energy sector’s profit falls 45.6% in 2018
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 …
Financial Results
The company’s profits levelled up to SAR 9.37 million in Q4-18
20 March 2019 06:01 PM SARCO doubles profit in 2018
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 …
Financial Results
The stock also extended its rally for the fourth consecutive session.
25 February 2018 02:55 PM SARCO’s stock hits one-year high Sunday
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 …
Trading Activities
(Photo archive)
11 May 2017 09:57 AM SARCO turns to profits in Q1
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 …
Financial Results