Riyadh-Mubasher: Saudi Arabian Refinery Co. (SARCO) said its board recommended the distribution of cash dividends for 2015 at 5% of capital, or SAR 0.50 a share, totalling SAR 7.5 million.
The record and payout dates will be announced later.
The company earlier paid cash dividends at SAR 0.70 a share for 2014.
SARCO posted net earnings of SAR 13 million for 2015, down 38% compared with SAR 21 million a year earlier.
The stock closed 0.85% higher at SAR 34.6.
