Saudi SARCO's shareholders nod to 10% dividends for 2019

The total amount of cash dividends is at $4mln


Riyadh – The shareholders of Saudi Arabia Refineries Company (SARCO) have approved to distribute cash dividends of SAR 1 per share for fiscal year (FY) 2019.

The distribution of cash dividends stands at 10% of the share's nominal value, aggregating at an amount of SAR 15 million, the company disclosed to the Saudi Stock Exchange (Tadawul) on Wednesday.

During the ordinary general meeting (OGM), shareholders also agreed on paying SAR 34,022 in remuneration to the board members for FY19.

Source: Mubasher

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