Logo ofSaudi Arabia Refineries Co. (SARCO)
Saudi Arabia Refineries Co. (SARCO) obtained the Ministry of Commerce’s approval to cancel commercial registration number 4030475999 for its subsidiary Sadu Capital Co. 
According to a statement on Tadawul, Jeddah-headquartered Sadu Capital was a limited liability company owned 100% by SARCO, with a capital of SAR 5 million.
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The statement highlighted that canceling the company was based on the board of directors’ recommendation.
In June 2022, SARCO announced the completion of issuing the memorandum of association and commercial register for Sadu Capital.
The subsidiary carried out real estate, financial, financial technology, tourism services, public construction, mining, and quarrying activities.
Logo ofSaudi Arabia Refineries Co. (SARCO)
Saudi Arabia Refineries Co. (SARCO) obtained the Ministry of Commerce’s approval to cancel commercial registration number 4030475999 for its subsidiary Sadu Capital Co.
According to a statement on Tadawul, Jeddah-headquartered Sadu Capital was a limited liability company owned 100% by SARCO, with a capital of SAR 5 million.
For more news on listed companies
The statement highlighted that canceling the company was based on the board of directors’ recommendation.
In June 2022, SARCO announced the completion of issuing the memorandum of association and commercial register for Sadu Capital.
The subsidiary carried out real estate, financial, financial technology, tourism services, public construction, mining, and quarrying activities.
