Logo ofSaudi Arabia Refineries Co. (SARCO)
Shareholders of Saudi Arabia Refineries Co. (SARCO) approved the board’s recommendation to transfer the entire statutory reserve balance of SAR 31.69 million, as of Dec. 31, 2024, to retained earnings. 
The decision was taken during the extraordinary general meeting (EGM) held on Oct. 26.
In a statement on Tadawul, the company said shareholders also approved amending Article 4 of the company’s bylaws related to corporate objectives.
The meeting further approved disbursing SAR 1.74 million in annual remuneration for board members for the fiscal year ended Dec. 31, 2024.
Logo ofSaudi Arabia Refineries Co. (SARCO)
Shareholders of Saudi Arabia Refineries Co. (SARCO) approved the board’s recommendation to transfer the entire statutory reserve balance of SAR 31.69 million, as of Dec. 31, 2024, to retained earnings.
The decision was taken during the extraordinary general meeting (EGM) held on Oct. 26.
In a statement on Tadawul, the company said shareholders also approved amending Article 4 of the company’s bylaws related to corporate objectives.
The meeting further approved disbursing SAR 1.74 million in annual remuneration for board members for the fiscal year ended Dec. 31, 2024.
