Edaa deposits Petro Rabigh Class (B) unlisted shares

05:19 PM (Mecca time) Argaam
Logo of Rabigh Refining and Petrochemical Co. (Petro Rabigh)

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

The Securities Depository Center Co. (Edaa) announced today, Oct. 21, the inclusion of the Class (B) unlisted shares in Rabigh Refining and Petrochemical Co. (Petro Rabigh) into the center's accounts of eligible securities holders.

 

According to Argaam’s data, Petro Rabigh shareholders approved, during the extraordinary general meeting (EGM) held on Sept. 29, the board's recommendation to increase capital by 31.5% (SAR 5.26 billion) and allocate them to founding shareholders Saudi Arabian Oil Company (Saudi Aramco) and Sumitomo Chemical Company Ltd.

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