Edaa deposits Petro Rabigh’s subscribed securities today

06/07/2022 Argaam

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

The Securities Depository Center Co. (Edaa) deposited subscribed securities for Rabigh Refining and Petrochemical Co. (Petro Rabigh) into the accounts of eligible holders today, July 6.

 

Last month, the company’s shareholders approved the capital increase by 90.75% from SAR 8.76 billion to SAR 16.71 billion through offering a SAR 7.95 billion rights issue, Argaam reported.

 

The shares were 96.25% subscribed, while the rump offering was 1,649.68% oversubscribed.

 

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