SARCO shareholders to vote on 5% cash dividend for 2021 on June 28

05/06/2022 Argaam Exclusive

Shareholders of Saudi Arabian Refineries Co. (SARCO) will vote on the board of directors’ recommendation to distribute a 5% cash dividend, or SAR 0.50 per share, for 2021, during the ordinary general assembly meeting (OGM) scheduled for June 28.

 

Dividend Details (2021)

Current capital

SAR 150 mln

Number of shares

15 mln

Dividend

SAR 7.5 mln

Percentage of capital

5% (SAR 0.50 per share)

Record date

June 28 (Shareholders registered with Securities Depository Center Co. (Edaa) at the end of the second trading day following the record date)

Payment date

To be announced later

 

In a statement to Tadawul, SARCO said shareholders will also vote on board and auditor reports for 2021, along with the financial statements for the same year. They will vote to absolve the board members from any liability for 2021.

 

The meeting agenda also includes voting on the appointment of an external auditor to examine, review and audit the financial statements for Q2, Q3, Q4 and 2022, along with Q1 2023.

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
24/03/2022 28/06/2022 14/07/2022 7.50 0.50
04/03/2021 21/04/2021 10/05/2021 11.25 0.75
11/03/2020 21/04/2020 10/05/2020 15.00 1.00
07/03/2019 24/04/2019 08/05/2019 11.25 0.75
01/03/2018 24/04/2018 08/05/2018 7.50 0.50
23/02/2016 27/04/2016 19/05/2016 7.50 0.50
23/02/2015 28/04/2015 19/05/2015 10.50 0.70
19/02/2014 28/04/2014 19/05/2014 9.00 0.60
19/02/2013 01/05/2013 22/05/2013 7.50 0.50
13/02/2012 15/04/2012 12/05/2012 7.50 0.50
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 2.25 45.00 5.00 %
Last 5 Financial years 4.00 30.97 12.92 %
Last 10 Financial years 6.30 60.75 10.37 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

74.10
(0.30) (0.40 %)

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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