Saudi Arabia Refineries Co. announces the board of director's recommended to not distribute dividends for the year 2023

Saudi Arabia Refineries Co. announces the board of director's recommended to not distribute dividends for the year 2023

Element List

Explanation

Date of the board’s decision

2024-03-18 Corresponding to 1445-09-08

Reasons for Not Recommending Distribution

For order to invest the available cash in the development of new projects that will strengthen the financial position of the company.

Additional Information

This recommendation will be presented for voting during the next GAM of the company, which will be determined later after obtaining approval from the official authorities.

Saudi Arabia Refineries Co. announces the board of director's recommended to not distribute dividends for the year 2023