SARCO shareholders approve 10% dividend for FY2019

22/04/2020 Argaam Exclusive

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Saudi Arabia Refineries Co.’s (SARCO) shareholders approved a 10% cash dividend (SAR 1 per share) for the fiscal year 2019 during the general assembly meeting held on April 21, the company said in a bourse statement.

Dividend Details (FY2019)

Current Capital

SAR 150 mln

Number of shares

15 mln

Dividend

SAR 15 mln

Percentage of capital

10% (SAR 1 per share)

Record date

April 21, 2020 (shareholders of record at the end of second trading day following this date)

Payment date

To be determined

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Valuation Data (Latest Share Price)

P/E (TTM) NEG
P/E Before Unusual Items (TTM) NEG
P/BV 2.62
Dividend Yield 0.00 %
Market Cap. (M) 900.00
Return on Average Assets (12.90 %)
Return on Average Equity (13.76 %)
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