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Capital Markets Oil & Gas Saudi Arabia

Petro Rabigh completes capital increase of SAR 7.95B by rights offering  

Saudi-Listed Rabigh Refining and Petrochemical Company’s (“Petro Rabigh”) has completed a capital increase of SAR 7,950,000,000 by way of a rights issue (“Rights Issue”), offering 795,000,000 new shares at an offer price of SAR 10 per share to existing shareholders.  The Rights Issue issue was formally announced on 7 December 2021 and the new shares commenced trading […]