Saudi Arabia Refineries Co (SARCO) News - Mubasher Info
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22 October 06:45 AM

Saudi Arabia Refineries Co (2030)

Last update: 21 October 03:19 PM market time.
48.80
-1.00
-2.01%
Open 49.80
Previous Close 49.80
High 50.25
Low 48.52
Stock Statistics
Volume 94,248
Turnover 4,644,805.89
All data are 15 minutes late during market session

News

Saudi Arabian Refineries Company (SARCO)
6 October 01:39 PM SARCO unveils SAR 33.5m contract award for Riyadh project
Riyadh — Mubasher: Saudi Arabian Refineries Company (SARCO) announced that Raya Al Tajdeed, a company owned by one of the listed firm’s subsidiaries, was awarded a construction project for the Burjeel Day Surgery Center in Riyadh. The contract is …
Company News
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5 October 10:23 AM SARCO unveils SAR 8m agreement to rehabilitate hospital
Riyadh — Mubasher: Raya Al Tajdeed Company, a subsidiary of Saudi Arabian Refineries Company (SARCO), signed a contract for the rehabilitation and equipping of the obstetrics and gynecology inpatient department at King Khalid Hospital in Al …
Companies Investments
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28 September 11:59 AM SARCO’s unit pens SAR 3.5m agreement for Banan project
Riyadh — Mubasher: Advanced Industrial Supplies Company, a subsidiary of Saudi Arabian Refineries Company (SARCO), inked a subcontract on 24 September for works on the Banan 1 project. The contract, valued at SAR 3.40 million including value-added …
Companies Investments
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10 September 05:42 PM SARCO enters negotiations to up stake in industrial services affiliate
Riyadh — Mubasher: The board of Saudi Arabian Refineries Company(SARCO) has approved the commencement of negotiations with a strategic investor to acquire an additional 36.50% stake in an operational company within the industrial services sector. …
Company News
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2 September 06:48 PM SARCO’s affiliate inks SAR 2.5m residential project agreement
Riyadh — Mubasher: Saudi Arabian Refineries Company’s (SARCO)unit, Raya Al Tajdeed for Contracting, has penned a construction contract valued at SAR 2.52 million. The agreement, signed on 2 September 2026, with Al Fayezia Real Estate Development, …
Companies Investments
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23 August 08:13 PM SARCO subsidiary secures roughly SAR 13m subcontract with Saudi Binladin Group
Riyadh — Mubasher: Saudi Arabian Refineries Company announced that Advanced Industrial Supplies Company, known as Lawazim Industrial Company, secured a subcontract project valued at SAR 12.87 million with Saudi Binladin Group. The sub-agreement is …
Real estate
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20 August 11:29 AM SARCO’s affiliate inks SAR 100m construction agreement in Riyadh
Riyadh — Mubasher: Saudi Arabian Refineries Company (SARCO) announced that its affiliate, Raya Al Tajdeed Contracting, has secured a construction contract in Riyadh valued at an estimated SAR 100 million. Raya Al Tajdeed, in which SARCO maintains …
Company News
Saudi Arabian Refineries Company (SARCO)
13 August 04:32 PM SARCO reshuffles Audit Committee following Al Bakr resignation
Riyadh — Mubasher: Saudi Arabian Refineries Company (SARCO) announced that its board of directors approved the resignation of Audit Committee Chairman Abdulaziz bin Abdulmohsen Al Bakr on 12 August 2026. Al Bakr, who had served on the committee …
Company News
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12 August 05:32 PM SARCO's net losses fall 58.5% in Q2-26
Riyadh – Mubasher: Saudi Arabian Refineries Company (SARCO) announced a net loss of SAR 10.70 million for the second quarter (Q2) of 2026, representing a 58.51% improvement compared to SAR 25.80 million recorded during the same period last year. …
Financial Results
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12 August 10:03 AM Gaafar joins SARCO’s audit committee as new member
Riyadh – Mubasher: The board of Saudi Arabian Refineries Company (SARCO) approved the appointment of Adel Mamdouh Gaafar as a member of the audit committee during a meeting held on 11 August 2026. Gaafar joins the committee as an external member, …
Corporate Actions
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6 August 03:14 PM SARCO terminates green MoU with AGR Renewable Energy
Riyadh – Mubasher: Saudi Arabian Refineries Company (SARCO) announced the expiration of a non-binding memorandum of understanding (MoU) previously signed with AGR Renewable Energy. The agreement, which was originally disclosed on 5 February 2026, …
Company News
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27 July 09:30 AM SARCO unveils details on majority stake acquisition agreement
Riyadh – Mubasher: Saudi Arabian Refineries Company (SARCO) announced a follow-up regarding the acquisition of an 85% ownership stake in Lawazim Advanced Industries by its subsidiary, Masafi Ventures Holding. The transaction, funded through the …
Company News
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26 July 08:56 AM SARCO’s Masafi Ventures acquires 85% stake in Lawazim Advanced Industries
Riyadh – Mubasher: Masafi Ventures, a unit of Saudi Arabian Refineries Company (SARCO), has completed the acquisition of an 85% equity stake in Lawazim Advanced Industries. The transaction, valued at SAR 12 million, involved the purchase of shares …
Mergers and Acquisitions
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29 June 01:02 PM SARCO’s unit completes stake acquisition of Global Waste Solutions
Riyadh – Mubasher: Saudi Arabian Refineries Company (SARCO) has announced a significant milestone regarding its subsidiary, Masafi Ventures Company. The company confirmed the completion of all necessary regulatory procedures for the acquisition of …
Mergers and Acquisitions
Saudi Arabian Refineries Company (SARCO)
31 May 08:41 PM SARCO’s subsidiary enters into MoU for potential equity acquisition
Riyadh – Mubasher: Saudi Arabian Refineries Company (SARCO) has announced that its subsidiary, Refineries Venture Company (Masafi Ventures) has signed a non-binding memorandum of understanding (MoU) with Khadra Al Hijaz Environmental Services …
Company News
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25 May 05:56 PM SARCO partners with China-based Ally Hydrogen Energy
Riyadh – Mubasher: Saudi Arabian Refineries Company (SARCO) has signed a non-binding memorandum of understanding (MoU) with Ally Hydrogen Energy Company from China to develop a comprehensive green ammonia and hydrogen infrastructure project in …
Companies Investments
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29 January 08:05 PM SARCO wins SAR 33m land auction via Enfead
Riyadh - Mubasher: Saudi Arabian Refineries Company (SARCO) has acquired a commercial land plot in Riyadh for SAR 33 million on 27 January 2026. SAECO won the auction, which was offered through the Mubasher Auctions platform (Enfead), according to …
Companies Investments
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16 December 2025 06:50 PM SARCO establishes new unit Clean Energy
Riyadh - Mubasher: Saudi Arabia Refineries Company (SARCO) has completed the issuance of the articles of association and commercial registration for its wholly owned subsidiary, Clean Energy Company. The limited liability single-member entity is …
Companies Investments
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19 September 2024 09:59 AM SARCO obtains SAR 500m financing from Riyad Bank
Riyadh – Mubasher: Saudi Arabia Refineries Company (SARCO) penned a Sharia-compliant facility deal valued at SAR 500 million with Riyad Bank on 17 September 2024. SARCO will use the loan for public investments, including buying shares and …
Banking and Finance
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31 January 2024 03:10 PM SARCO announces 3 new key appointments
Riyadh – Mubasher: Saudi Arabia Refineries Company (SARCO) has appointed Obaid Saad Al Subaie as the Chairman of the board for three years. Abdulaziz Abdulmohsen Al Bakr was named as the Deputy Chairman, according to a bourse filing. In addition, …
Management Decisions
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14 November 2023 04:27 PM SARCO’s net profit plunges in 9M-23; firm turns profitable in Q3
Riyadh – Mubasher:  Saudi Arabia Refineries Company (SARCO) posted a net profit after Zakat and tax of SAR 2.66 million in the first nine months (9M) of 2023, signalling an 84.50% year-on-year (YoY) decline from SAR 17.20 million. SARCO's earnings …
Financial Results
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2 July 2023 04:28 PM SARCO to pay 10% of capital as dividends for 2022
Riyadh – Mubasher: Saudi Arabia Refineries Company (SARCO) will distribute 10% of the capital as a cash dividend for the year ended on 31 December 2022. During the ordinary general meeting (OGM) on 22 June, SARCO’s shareholders greenlighted the …
Cash Dividends
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18 April 2023 05:14 PM SARCO names Al Qazlan as new CEO
Riyadh – Mubasher: Saudi Arabia Refineries Company (SARCO) has announced Khalid bin Mohammad Al Qazlan as the new CEO. Al Qazlan was appointed on 16 April and assumed his duties on 17 April 2023, according to a bourse disclosure. The new CEO held …
Corporate Actions
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23 June 2022 07:22 PM SARCO plans projects to reduce carbon emissions; 1st phase exceeds SAR 1bn in cost
Riyadh – Mubasher: Saudi Arabia Refineries Company (SARCO) has signed two non-binding memoranda of understanding (MoUs) with Christof Global Impact Company to carry out renewable energy projects that help to cut carbon emissions. Under the first …
Companies Investments
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28 March 2022 02:34 PM SARCO’s profits drop 51% in 2021
Riyadh – Mubasher: Saudi Arabia Refineries Company (SARCO) has achieved net profits after Zakat and tax worth SAR 6.59 million in 2021, an annual plunge of 50.73% from SAR 13.38 million. The revenues plummeted by 51.39% to SAR 8.17 million last …
Financial Results