Edaa deposits Petro Rabigh’s tradable rights today

13/06/2022 Argaam

Logo of Rabigh Refining and Petrochemical Co. (Petro Rabigh)

The Securities Depository Center Co. (Edaa) announced depositing the tradable rights of Rabigh Refining and Petrochemical Co. (Petro Rabigh) into the accounts of eligible shareholders today, June 13, according to a bourse statement.

 

Earlier this month, the company’s shareholders approved the capital increase by 90.75% through offering a SAR 7.95 billion rights issue, according to data compiled by Argaam.

 

Subscription to new shares and rights trading will begin on June 14.

 

The rights trading will close on June 21, while the subscription to the new shares will end on June 26.

 

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