Saudi Arabia Refineries Co.’s (SARCO) general assembly has approved a 5 percent cash dividend for the fiscal year 2017, at SAR 0.5 per share, amounting to SAR 7.5 million.

 

Shareholders have also named members of the board of directors for the upcoming three-year term starting on May 1, 2018.

 

The new board will include Prince Mohammed bin Khaled Turki, Naser Al Sharif, Abdullah Al Rafaa, Ammar Al Abbadi, Mohammad Sami Rafh, Abdul Ghani Wali and Omar Al Malki.

 

Cash Dividend Details (FY 2017)

Current Capital

SAR 150 mln

Number of shares

15 mln

Cash dividend

SAR 7.5 mln

Percent capital

5% (SAR 0.5 per share)

Record date

April 24,2018

Payment date

To be determined

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