Saturday, 3 June 2023

Petro Rabigh changes recommendation on capital reduction

Rabigh Refining and Petrochemical Co. (Petro Rabigh) board has changed recommendation of capital reduction which is meant to eliminate accumulated losses as follows:

Capital before the reduction: SR 8,760,000,000.

Capital after the reduction: SR 7,554,897,000.

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Percentage of the capital reduction: 8.01 %.

Share number before the reduction: 876,000,000 ordinary shares.

Share number after the reduction: 805,828,700 ordinary shares.

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