Saudi SARCO’s shareholders approve 7.5% dividends for 2020

SARCO will pay SAR 0.75 per share

  
Riyadh – 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 entitled shareholders, while the distribution date will be announced later, according to a bourse disclosure on Thursday.

Last year, SARCO was among five Tadawul-listed petrochemical companies whose profits dropped by 45.3% year-on-year (YoY) during the third quarter (Q3).

Source: Mubasher

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