Logo of Rabigh Refining and Petrochemical Co.
Rabigh Refining and Petrochemical Co.’s (Petro Rabigh) shareholders approved the capital increase by 90.75% through offering a SAR 7.95 billion rights issue, during the extraordinary general meeting (EGM) held on June 8, according to a bourse statement.
|
Capital Increase Details |
|
|
Current Capital |
SAR 8.760 bln |
|
Number of Shares |
876 mln |
|
Capital Increase (%) |
90.75% |
|
Capital after Increase |
SAR 1.671 bln |
|
Number of Shares after Increase |
1.671 bln |
|
Rights Issue Details |
|
|
Number of Shares Offered |
795 mln |
|
Offering Price Per Share |
SAR 10 |
|
Size of Issue |
SAR 7.950 bln |
|
Eligibility Ratio |
Each registered shareholder will have the right to 0.9075 right for each share held |
|
Record Date |
June 8, 2022, shareholders of record by the close of trading on the second day following the EGM date |
|
Reason |
Boosting the financial solvency and reducing the lending rates and costs incurred |
The Saudi Exchange (Tadawul) announced that the fluctuation limits for Petro Rabigh today, June 9, will be based on a share price of SAR 18.92, and the outstanding orders will be canceled.
Additionally, the Securities Depository Center (Edaa) will deposit rights into investor portfolios by June 13.
Comments {{getCommentCount()}}
Be the first to comment
رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}
{{comment.DisplayName}}
{{comment.ElapsedTime}}