Petro Rabigh announces right issues trading results

Rabigh Refining and Petrochemical Company (Petro Rabigh) announces the results of right issues trading and new shares subscription, as well as the details of the rump offering. A number of (765,215,004 ) shares were subscribed for from the (795,000,000) new shares.

Rump shares will be offered to a number of institutional investors (the “Institutional Investors”) who will submit purchase offers for the rump shares. The shares will be allocated to Institutional Investors with the highest offer to the lowest (provided that it is not less than the offer price), with shares being allocated on a proportional basis among those Institutional Investors that have tendered offers at the same price.

The underwriters, who are HSBC Saudi Arabia Company, Riyad Capital Company, Alinma Investment Company, GIB Capital Company, SNB Capital Company, Arab National Investment Company, Saudi Fransi Capital Company, and Aljazira Capital Company, will underwrite the new shares, which remain unsubscribed for after the rump offering, for the offer price.

The rump offering period for the unsubscribed shares amounting to (29,784,996) shares will start at 10:00 A.M. on Wednesday 30/11/1443H (corresponding to 29/06/2022G) and continues until 5:00 P.M. on Thursday 01/12/1443H (corresponding to 30/06/2022G).