Riyadh – Mubasher: Saudi Arabia Refineries Company (SARCO) has announced Khalid bin Mohammad Al Qazlan as the new CEO.
Al Qazlan was appointed on 16 April and assumed his duties on 17 April 2023, according to a bourse disclosure.
The new CEO held a master’s degree in Project Management from the US in 2005. He worked in the private sector in several Saudi banks and insurance companies.
As for the government sector, he took over a number of positions, including the Undersecretary of the Ministry of Hajj and Umrah for joint services.
In June 2022, SARCO and Christof Global Impact Company inked two non-binding memoranda of understanding (MoUs) to establish renewable energy projects that contribute to reducing carbon emissions.
Last year, the Tadawul-listed firm recorded net profits after Zakat and tax worth SAR 28.23 million, an annual leap of 328.23% from SAR 6.59 million.
Revenues hiked by 320.06% to SAR 34.35 million last year from SAR 8.17 million in 2021, while the earnings per share (EPS) grew to SAR 1.88 from SAR 0.44.
