SARCO shareholders to vote on 7.5% cash dividend for 2020 on April 21

29/03/2021 Argaam Exclusive

Saudi Arabia Refineries Co.'s (SARCO) shareholders will vote on April 21, 2021, on the board of directors’ recommendation for the distribution of cash dividend at SAR 0.75 per share, or 7.5% of capital, for 2020.

Dividend Details
Current Capital	SAR 150 mln
Number of shares	15 mln shares
Dividend	SAR 11.25 mln
Percentage of capital	7.5 % (SAR 0.75 per share)
Eligibility	Shareholders who own the company's shares at the end of the trading day of the ordinary general assembly, and registered in the shareholders’ register with the Securities Depository Center Co. (Edaa) at the end of the second day after the maturity date.
Payment date	To be announced later

Dividend History (SAR/share) Corporate Actions

Announcement	Ex-Dividend	Payment	Dividends (M Riyal)	Dividends *	Notes
04/03/2021	21/04/2021	10/05/2021	11.25	0.75	FY 2020
11/03/2020	21/04/2020	10/05/2020	15.00	1.00	FY-2019
07/03/2019	24/04/2019	08/05/2019	11.25	0.75	The General Assembly approved 7.5 % cash dividend FY-2018
01/03/2018	24/04/2018	08/05/2018	7.50	0.50	The General Assembly approved 5 % cash dividend FY-2017
23/02/2016	27/04/2016	19/05/2016	7.50	0.50	The General Assembly approved 5 % cash dividend FY-2015
23/02/2015	28/04/2015	19/05/2015	10.50	0.70	The General Assembly approved cash dividends 7% for year 2014
19/02/2014	28/04/2014	19/05/2014	9.00	0.60	The General Assembly approved 6% cash dividend for FY2013
19/02/2013	01/05/2013	22/05/2013	7.50	0.50	The General Assembly approved 5% cash dividend for FY2012
13/02/2012	15/04/2012	12/05/2012	7.50	0.50	The General Assembly approved 5% cash dividend for FY2011
15/02/2011	30/03/2011	03/05/2011	7.50	0.50	The General Assembly approved 5% cash dividend for FY2010

Historical dividend per share adjusted for the effect of capital changes and bonus shares, if any

Dividend History

Consolidated cash dividend	Cash dividend per share (SAR)	* The stock price at the beginning of the period (SAR)	Return on the base price
Last 3 Financial years	2.50	30.97	8.07 %
Last 5 Financial years	3.00	41.66	7.20 %
Last 10 Financial years	5.80	36.20	16.02 %

Based on the beginning of the period (January 1 of the base year)

Historical Dividends

Valuation Data (Latest Share Price)

P/E (TTM)	NEG
P/E Before Unusual Items (TTM)	NEG
P/BV	2.93
Dividend Yield	0.00 %
Market Cap. (M)	1,111.50
Return on Average Assets	(2.83 %)
Return on Average Equity	(2.88 %)

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