The Saudi Capital Market Authority has approved the request of the Rabigh Refining and Petrochemical Company “Petro Rabigh” to increase its capital through a rights issue of 7.95 billion riyals.
Eligibility will be for the shareholders registered in the issuer’s shareholders’ register at the Deposit Center at the end of the second trading day following the date of the Extraordinary General Meeting, which resolved to increase the share capital by issuing rights whose date be determined by the company’s board of directors in a second time.
The offering price and the number of shares offered in subscription will be determined by the company after the close of trading on the day of the extraordinary general meeting.
The rights issue prospectus will be published and made available to the public in a second time.
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