Saudi: SARCO to pay 10% of capital as dividends for 2022

Investors talk with each other as they monitor a screen displaying stock information at the Saudi Stock Exchange (Tadawul) in Riyadh, Saudi Arabia June 29, 2016.
Reuters Images/Faisal Al Nasser

The company noted that it will announce the distribution date at a later time

Staff Writer, Mubasher

July 3, 2023

PHOTO
Investors talk with each other as they monitor a screen displaying stock information at the Saudi Stock Exchange (Tadawul) in Riyadh, Saudi Arabia June 29, 2016.

Riyadh – 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 decision of the board to pay SAR 1 per share as a dividend for 2022 at a total value of SAR 15 million, according to a bourse disclosure.

The company noted that it will announce the distribution date at a later time.

It is worth noting that earlier in 2023, Khalid bin Mohammad Al Qazlan was appointed as the CEO of SARCO.

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