“Petro Rabigh”: Completion of the capital increase to 21.97 billion riyals and deposit of Class B shares
Rabigh Refining and Petrochemical Company announced " Petro Rabigh" Completion of the increase in the company’s capital from 16.7 billion riyals to 21.9 billion riyals, and the issuance of Class B ordinary shares, which were deposited yesterday, after fulfilling the conditions of the subscription agreement.
The company had announced on its website "Saudi Arabia trading"On August 31, the company’s Board of Directors issued a decision to increase its capital from 16.7 billion riyals, divided into 1.671 billion ordinary shares with a nominal value of 10 riyals, to 21.9 billion riyals, divided into 1.671 billion ordinary shares of one class, Class A, and 526.3 million ordinary shares of a different class, Class B*.
The company’s announcement included the conclusion of a subscription agreement in this regard with the company Saudi Aramco and Sumitomo Chemical Limited on August 30, 2025.
The company had announced last September 30 on the website "Saudi Arabia trading" Results of the extraordinary general assembly meeting, which included approval of increasing the company’s capital and issuing Class B ordinary shares.
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