New Risk • Jul 02
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Saudi stocks, typically moving 5.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 68% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Share price has been volatile over the past 3 months (5.8% average weekly change). Aankondiging • Apr 21
Saudi Arabian Refineries Company, Annual General Meeting, May 17, 2026 Saudi Arabian Refineries Company, Annual General Meeting, May 17, 2026, at 18:30 Arab Standard Time. Location: jeddah Saudi Arabia New Risk • Jun 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Saudi stocks, typically moving 6.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 47% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Share price has been volatile over the past 3 months (6.6% average weekly change). Aankondiging • May 14
Saudi Arabian Refineries Company Appoints Ahmed Abdullah Al Mohsen as A Member of the Board Saudi Arabian Refineries Company approved to Appointment of Mr. Ahmed Abdullah Al Mohsen as a member of the Board of Directors until the end of the Boards term. Aankondiging • Apr 22
Saudi Arabian Refineries Company, Annual General Meeting, May 12, 2025 Saudi Arabian Refineries Company, Annual General Meeting, May 12, 2025, at 19:00 Arab Standard Time. Location: jeddah Saudi Arabia New Risk • Apr 06
New minor risk - Dividend sustainability The company has an unstable dividend paying track record. The dividend has had an annual drop of over 20% in the past. Dividend yield: 1.7% This is considered a minor risk. If the company has cut or reduced its dividend in the past, it may be a sign that the underlying business is too cyclical to consistently maintain or grow the dividend over the long-term. It may also indicate the company prioritizes other outcomes instead of maintaining the dividend. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Major Risks Earnings have declined by 35% per year over the past 5 years. Revenue is less than US$1m. Minor Risk Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Aankondiging • May 30
Saudi Arabian Refineries Company Approves Not to Distribute Cash Dividend for the Fiscal Year 2023 Saudi Arabian Refineries Company announced that at the Ordinary General Assembly Meeting held on May 28, 2024, Approved the recommendation of the board of directors not to distribute cash dividends for the fiscal year 2023. Aankondiging • May 09
Saudi Arabian Refineries Company, Annual General Meeting, May 28, 2024 Saudi Arabian Refineries Company, Annual General Meeting, May 28, 2024, at 19:00 Arab Standard Time. Location: medina Saudi Arabia New Risk • Mar 23
New major risk - Revenue and earnings growth Earnings have declined by 3.8% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risk Earnings have declined by 3.8% per year over the past 5 years. Minor Risks Profit margins are more than 30% lower than last year (49% net profit margin). Revenue is less than US$5m (ر.س16m revenue, or US$4.2m). Board Change • Feb 04
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Director Abdulrahman Ayed Al-Dahasi was the last independent director to join the board, commencing their role in 2022. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Aankondiging • Jan 31
Saudi Arabia Refineries Company Announces Board Appointments 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. The these officials took over their roles for a new session, which commenced on 25 January 2024 and will end on 24 January 2027. Aankondiging • Jan 06
Saudi Arabia Refineries Company, Annual General Meeting, Jan 25, 2024 Saudi Arabia Refineries Company, Annual General Meeting, Jan 25, 2024, at 15:30 Coordinated Universal Time. New Risk • Sep 14
New minor risk - Profit margin trend The company's profit margins are lower than last year and have reduced by more than 30%. Net profit margin: 52% Last year net profit margin: 90% This is considered a minor risk. A large drop in profit margin could indicate the company does not have strong competitive advantages or it is yet to establish itself and its core business. Even if it is a well established business, this may make it a much riskier investment than one that has a combination of proven competitive advantages and a stable or growing profit margin. Currently, the following risks have been identified for the company: Minor Risks Profit margins are more than 30% lower than last year (52% net profit margin). Revenue is less than US$5m (ر.س12m revenue, or US$3.2m). Valuation Update With 7 Day Price Move • Dec 11
Investor sentiment deteriorated over the past week After last week's 16% share price decline to ر.س70.30, the stock trades at a trailing P/E ratio of 53.9x. Average trailing P/E is 24x in the Oil and Gas industry in Saudi Arabia. Total returns to shareholders of 73% over the past three years. Aankondiging • Jul 04
Saudi Arabia Refineries Company Announces Resignation of Mr. Maqsat Bin Ibrahim Al-Otaibi from the Position of Managing Director The Saudi Arabian Refineries Company announced that its board of directors has accepted the resignation submitted by Mr. Maqsat bin Ibrahim Al-Otaibi (Member of the Board of Directors) from the position of Managing Director. Aankondiging • Jun 06
Saudi Arabia Refineries Company, Annual General Meeting, Jun 28, 2022 Saudi Arabia Refineries Company, Annual General Meeting, Jun 28, 2022, at 16:00 Coordinated Universal Time. Location: The Ritz-Carlton Hotel Jeddah Saudi Arabia Agenda: To consider Voting on the Board of Directors' report for the fiscal year ending on December 31, 2021; to consider Voting on the financial statements for the fiscal year ending on December 31, 2021; to vote on the auditor's report for the fiscal year ending on December 31, 2021; to consider Voting to absolve the members of the Board of Directors from liability for the fiscal year ending December 31, 2021; to consider Voting on amending the remuneration policy of the Board of Directors, its committees and the executive management; and to consider other matters. Board Change • Nov 04
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Vice Chairman of Board Iyad bin Mohammad Shaikh was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Apr 15
Upcoming dividend of ر.س0.075 per share Eligible shareholders must have bought the stock before 22 April 2021. Payment date: 10 May 2021. Trailing yield: 0.4%. Lower than top quartile of Saudi dividend payers (4.5%). Lower than average of industry peers (4.1%). Is New 90 Day High Low • Feb 03
New 90-day high: ر.س127 The company is up 64% from its price of ر.س77.60 on 05 November 2020. The Saudi market is up 3.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 1.0% over the same period. Is New 90 Day High Low • Dec 16
New 90-day high: ر.س114 The company is up 46% from its price of ر.س78.20 on 16 September 2020. The Saudi market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is down 2.0% over the same period. Is New 90 Day High Low • Nov 10
New 90-day high: ر.س93.80 The company is up 100% from its price of ر.س46.80 on 12 August 2020. The Saudi market is up 5.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 5.0% over the same period. Is New 90 Day High Low • Sep 22
New 90-day high: ر.س86.00 The company is up 145% from its price of ر.س35.05 on 24 June 2020. The Saudi market is up 12% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Oil and Gas industry, which is up 12% over the same period. Aankondiging • Sep 21
Saudi Arabia Refineries Co.(SASE:2030) dropped from S&P Global BMI Index Saudi Arabia Refineries Co.(SASE:2030) dropped from S&P Global BMI Index 
