SARCO shareholders approve 10% cash dividend for 2022

02/07/2023 Argaam Exclusive

Saudi Arabia Refineries Co.’s (SARCO) shareholders approved the payment of a cash dividend at 10% of capital for 2022, during the ordinary general meeting (OGM) held on June 22, according to a statement to Tadawul.  

 

Dividend Details (2022) 

Current Capital

SAR 150 mln

No. of Shares

15 mln

Total Dividend

SAR 15 mln

Percentage of Capital

10% (SAR 1 a share)

Record Date

June 22, 2023 (Shareholders of record and who are registered with Edaa by the end of the second trading day following the record date) 

Payment Date

To be determined

Dividend History (SAR/share) Corporate Actions

Announcement Ex-Dividend Payment Dividends
(M Riyal)
Dividends * Notes
30/03/2023 22/06/2023 19/07/2023 15.00 1.00
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
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 1.50 100.40 1.49 %
Last 5 Financial years 3.25 42.30 7.68 %
Last 10 Financial years 5.70 58.75 9.70 %
Based on the beginning of the period (January 1 of the base year)

Historical Dividends

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Valuation Data (Latest Share Price)

P/E (TTM) More than 100
P/E Before Unusual Items (TTM) More than 100
P/BV 2.68
Dividend Yield 0.00 %
Market Cap. (M) 1,201.50
Return on Average Assets 1.59 %
Return on Average Equity 1.60 %

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