Is SARCO (2060) Halal?
Shariah Screening — 5 Standards
Based on financial data from December 2024
| Standard | Debt Ratio | Cash Ratio | Receivables | Income | Status |
|---|---|---|---|---|---|
| AAOIFI | 161.8% / 30% | 73.9% / 30% | 21.7% / 30% | 0.0% / 5% | ✗ NOT HALAL |
| DJIM | 161.8% / 33% | 73.9% / 33% | 21.7% / 33% | 0.0% / 5% | ✗ NOT HALAL |
| MSCI | 35.5% / 33% | 16.2% / 33% | 4.8% / 33% | 0.0% / 5% | ✗ NOT HALAL |
| S&P | 161.8% / 33% | 73.9% / 33% | 21.7% / 33% | 0.0% / 5% | ✗ NOT HALAL |
| FTSE | 35.5% / 33% | 16.2% / 33% | 4.8% / 50% | 0.0% / 5% | ✗ NOT HALAL |
Financial Highlights
Profitability
| Gross Margin | 3.4% | |
| Operating Margin | -17.3% | |
| Net Margin | -70.9% | |
| Return on Equity (ROE) | -13.6% | |
| Return on Assets (ROA) | -1.1% |
Cash Flow & Balance Sheet
| Operating Cash Flow | -$70M |
| Free Cash Flow | -$262M |
| Total Debt | $9.4B |
| Debt-to-Equity | 59.9 |
| Current Ratio | 0.9 |
| Total Assets | $26.4B |
Price & Trading
| Last Close | SAR 8.83 |
| 50-Day MA | SAR 8.89 |
| 200-Day MA | SAR 9.89 |
| Avg Volume | 1.1M |
| Beta | 0.2 |
|
52-Week Range
SAR 8.05
| |
About SARCO (2060)
National Industrialization Company operates in the petrochemicals, chemicals, metals, wires, and industrial and automotive batteries sectors in the Kingdom of Saudi Arabia, rest of the Middle East, Asia, Africa, Europe, and internationally. It operates through three segments: Metallurgy, Petrochemicals, and Downstream & Others. The company offers acetic acid, butanol liquid fuel, butyl acrylate, glacial acrylic acid, iso-butanol, and normal butanol; high- and low-density polyethylene; polyethylene and polypropylene compound; pyrolysis oil; and superabsorbent polymer. It also provides BOPP films, car batteries, HDPE pipes, plastic pallets, agrifilm, plastic sheets, geomembrane liners, battery cases and covers, plastic paint pails, reprocessed resins, and lead, as well as technical inspection, HSE, auditing and certification, management and technical training, calibration, food testing, and product certification services. In addition, the company offers titanium sponge, titanium slag and sulphate fines, and pig iron. Further, it provides application development, analytical labs, technical support and training, and certifications and accreditations services, as well as engages in production of liquid batteries for cars and lead and sodium sulphate. The company was founded in 1984 and is headquartered in Riyadh, the Kingdom of Saudi Arabia.
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Frequently Asked Questions
Is SARCO (2060) halal to invest in?
Based on our screening using AAOIFI Standard 21 (the strictest methodology), SARCO is Not Halal. The company fails one or more screening criteria. We screen against all 5 major standards: AAOIFI, DJIM, MSCI, S&P, and FTSE.
What is SARCO's debt ratio?
SARCO's debt ratio is 161.8% under the AAOIFI standard (which uses market capitalization as the denominator). The AAOIFI threshold is 30%. Under MSCI and FTSE (which use total assets as the denominator), the debt ratio is 35.5%.
What are SARCO's key financial metrics?
SARCO has a market capitalization of $6.0B, and revenue of $3.9B. The company maintains a gross margin of 3.4% and a net margin of -70.9%. Return on equity stands at -13.6%.
How often is the screening data updated?
Our screening data is updated regularly using the latest available financial statements and market data. Stock prices and market caps are refreshed frequently, while financial statements are updated quarterly when companies report earnings.
Disclaimer: HalalStockGuide.com provides Shariah compliance screening for educational and informational purposes only. This is not a fatwa, financial advice, or a recommendation to buy or sell any security. Screening results are based on publicly available financial data and established methodologies. Always consult a qualified Islamic scholar and a licensed financial advisor before making investment decisions.