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31.38 Last Update 18/10/2017 16:49 KSA
Saudi Arabian Refineries Co. (SARCO), also known as Al-Masafi Saudi Arabian Co., is a leading Saudi oil refinery, operating in the energy sector of KSA. Established in June 1960, SARCO carries decades of experience working in Petroleum related services and products. SARCO's operations include, but are not limited to, the transport, refining, export, import, purchase and distribution of crude oil and its various by-products. Saudi Arabia is the major base of operations for this company and its headquarters are located in the city of Jeddah. SARCO has made substantial investments in refineries, having thus established various companies, in lieu of expanding its business operations in land reforms, water resources and industrial projects. The company has undertaken various transports and public amenities related work in the past few years to supplement its revenue streams and diversify its business portfolio but its primary focus remains within the energy sector. Through rigorous share-buying and direct investments, SARCO has enabled itself to hold a substantial share in various companies. SARCO holds the status of a significant shareholder in companies and affiliates like Riyad Bank, Jeddah Oil Refinery (25% shareholder), Tabuk Cement (investment amounting to SR 1.1 million), Saudi Investment Group (SR 40 Million investment), Arabian Tankers Co. Ltd. (SR 6 Million investment) & Arabian Salvonite Co. Ltd. (SR 2.38 Million). SARCO has a firm financial status in the KSA with total assets, as of 2016, amounting to SR 374 Million.
Ahmed M. I. Alghamdi
Mohammed N. M. Alnabit
Mohammed S. M. Raffa
Sultan K. I. Al Turki
Prince Mohammed K. Turki
Dr. Mohammad Al Amri & Co.
Saudi Arabia Refineries Co. (SARCO) announces the annual financial results for the year ended 31/12/2012 ...Read More ...
SAUDI ARABIA REFINERIES CO. (SARCO) ANNOUNCES THE INTERIM FINANCIAL RESULTS FOR THE PERIOD ENDED 31/12/2012 ...Read More ...
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