Rabigh Refining and Petrochemical Company announces the recent developments in relation to its announcement regarding the board’s recommendation to increase its capital and its entry into a subscription agreement in that regard, and the approval of the EGM on the capital increase
| Element List | Explanation |
|---|---|
| Introduction | With reference to Rabigh Refining and Petrochemical Company (“Petro Rabigh” or the “Company”) announcement on the Saudi Exchange website on 08/03/1447H (corresponding to 31/08/2025G) regarding the issuance of its board’s recommendation to increase the Company’s capital from sixteen billion, seven hundred ten million Saudi Riyals (SAR 16,710,000,000) divided into one billion, six hundred seventy-one million (1,671,000,000) ordinary shares, with a nominal value of ten Saudi Riyals (SAR 10) per share, to twenty-one billion, nine hundred seventy-three million, six hundred forty-nine thousand, nine hundred eighty Saudi Riyals (SAR 21,973,649,980) divided into (i) one billion, six hundred seventy-one million (1,671,000,000) ordinary shares of one class, Class A, and (ii) five hundred twenty-six million, three hundred sixty-four thousand, nine hundred ninety-eight (526,364,998) ordinary shares of a different class, Class B, with a nominal value of ten Saudi Riyals (SAR 10) per share for both classes, and which further included the entry by the Company into a subscription agreement in that respect with Saudi Arabian Oil Company (“Saudi Aramco”) and Sumitomo Chemical Co., Ltd. on 07/03/1447H (corresponding to 30/08/2025G) (the “Subscription Agreement”), and with reference to the Company’s announcement on 08/04/1447H (corresponding to 30/09/2025G) regarding the results of the extraordinary general assembly meeting which included the increase of the Company’s capital and the issuance of the Class B ordinary shares, the Company would like to announce the completion of the capital increase and the issuance of the Class B ordinary shares and the deposit of the same on 29/04/1447H (corresponding to 21/10/2025G). Completion occurred after the satisfaction of all conditions under the Subscription Agreement.
For further information about the capital increase, its impact, related parties and other matters related to it, please refer to the Shareholders’ Circular published by Petro Rabigh on 16/03/1447H (corresponding to 08/09/2025G). |
| Previous Announcement | Rabigh Refining and Petrochemical Company announces the results of the extraordinary general assembly meeting which included approving the capital increase (first meeting) |
| Date of Previous Announcement on Saudi Exchange’s Website | 2025-09-30 Corresponding to 1447-04-08 |
| Hyperlink to the Previous Announcement on the Saudi Exchange Website | Click Here |
| Latest Developments Of The Announced Event | The completion of the Company’s capital increase, the issuance of the Class B ordinary shares and the deposit of the same. |
| Reasons For The Delay on The Date of The Event Previously Announced | Not applicable |
| The costs associated with the event, and if they have changed or not with indication of the reasons. | Not Applicable |
| Delay consequences on the Company’s financial results | Not applicable |
| Additional Information | Not applicable |
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