Logo of Rabigh Refining and Petrochemical Co. (Petro Rabigh)
The Securities Depository Center Co. (Edaa) announced today, Oct. 21, depositing Class B unlisted shares of Rabigh Refining and Petrochemical Co. (Petro Rabigh) into the center's accounts of eligible shareholders.
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 Co. (Saudi Aramco) and Sumitomo Chemical Co. Ltd.
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