The Saudi Arabian Refineries Company announces its financial results for the period ending on 31-12-2021

Sales/Revenue 8,178,451 16,825,460 -51.392
Gross Profit (Loss) 8,178,451 16,825,460 -51.392
Operational Profit (Loss) 5,319,670 14,035,802 -62.099
Net Profit (Loss) after Zakat and Tax 6,592,233 13,380,263 -50.731
Total Comprehensive Income 62,460,541 69,362,306 -9.95
Total Share Holders Equity (after Deducting Minority Equity) 559,534,818 508,324,277 10.074
Profit (Loss) per Share 0.44 0.89

The decrease in net profit during the current year 2021 compared to the previous year 2020 is due to:

1- No distribution of the profits due for the second half of the year 2021 from the Saudi Industrial Investment Group Company (a company in which it is invested), where an amount of 7,597,240 riyals was distributed compared to the profits of the previous year in the amount of 15,194,480 riyals.

2- A decrease in the company’s share of the associate’s profits during the current year (profits from the shareholding in the Arab Tankers Company).