AI Summary
Saudi Arabia Refineries Co.'s (SARCO) shareholders approved the board of directors’ recommendation for the distribution of cash dividend at SAR 0.75 per share, or 7.5% of capital, for 2020, during the ordinary general assembly meeting (OGM) held on April 21, 2021.
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Dividend Details |
|
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Current Capital |
SAR 150 mln |
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Number of shares |
15 mln shares |
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Dividend |
SAR 11.25 mln |
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Percentage of capital |
7.5 % (SAR 0.75 per share) |
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Eligibility |
April 21, 2021 and shareholders registered in the shareholders’ register with the Securities Depository Center Co. (Edaa) at the end of the second day after this date. |
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Payment date |
May 10, 2021 |
Meanwhile, shareholders elected members of the board of directors for the upcoming three-year term starting on May 1, 2021.
The new board includes Iyad bin Muhammad Haider Sheikh, Yasser Al-Aqeel, Ali bin Saleh Khabiti, Hattan bin Hamid Al-Shanbari, Sulaiman bin Saad Al-Humaid, Maqid bin Ibrahim Al-Otaibi, Prince Mohammed bin Khaled bin Turki and Fahad bin Abdulrahman Al-Makeal.
Shareholders refused to approve audited financial statements, and board and audit reports for 2020, as well as discharging board members from liabilities.
| Announcement | Ex-Dividend | Payment | Dividends (M Riyal) | Dividends * | Notes |
| 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 | |
| 15/02/2011 | 30/03/2011 | 03/05/2011 | 7.50 | 0.50 |
| 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 | 42.30 | 5.32 % |
| Last 5 Financial years | 3.50 | 40.13 | 8.72 % |
| Last 10 Financial years | 5.80 | 77.25 | 7.51 % |
| P/E (TTM) | NEG |
| P/E Before Unusual Items (TTM) | NEG |
| P/BV | 2.64 |
| Dividend Yield | 0.00 % |
| Market Cap. (M) | 848.25 |
| Return on Average Assets | (16.13 %) |
| Return on Average Equity | (16.70 %) |
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