Rabigh Refining and Petrochemical Firm brand – Petro Rabigh
The extraordinary basic meeting votes for a corporation Rabigh for refining and petrochemicalsScheduled to be held on September 29, 2025, on the advice of the corporate’s board of administrators 2025, to extend the corporate’s capital by 31.5%, at a worth of 5.26 billion riyals for the corporate’s founding shareholders, Saudi Aramco, and Sumitomo Chemical Firm Ltd. Sumitomo Firm.
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Particulars of the capital enhance
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The present capital
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16.71 billion riyals
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The variety of shares
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1.67 billion shares
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Capital after the rise
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21.97 billion riyals
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The variety of shares after the rise
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1.67 billion peculiar shares of 1 class (Class A)
526.36 million shares of various class (Class B)
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The nominal worth of the inventory
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10 riyals per share of the 2 classes
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The rise price
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31.5 %
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The rationale for the rise
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Enhancing the corporate’s working mode and strengthening its monetary place
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Tips on how to enhance capital
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The issuance of 526.36 million peculiar shares of class (B), which represents a rise of 31.5% of the corporate’s present capital, at a value of 10 riyals per share, and with a complete worth of a proposal of 5.26 billion riyals, for the advantage of the corporate’s founders, Aramco and Sumitomo.
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Utilizing subscription proceeds
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3.68 billion riyals for partial fee of the second part challenge services
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1.58 billion riyals for partial fee of bridge loans.
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The corporate indicated in an announcement right now on Tadawul, that each Saudi Aramco and Sumitomo are a associated social gathering, provided that they’re among the many main shareholders within the firm, and that they’ve a scarcity of vote, and due to this fact their votes is not going to be counted in relation to it, including that to stave off doubt, they’ll vote on the remainder of the affiliation’s gadgets.
To see extra information and particulars of the subscriptions
The corporate defined that the rise in capital will strengthen the monetary place of the corporate, and can allow it to implement its development and transformation technique, as members of the Board of Administrators consider that the capital enhance is within the curiosity of the corporate and shareholders, indicating that the council has chosen the proposed construction, which is the issuance of recent common shares from a brand new class that has voting rights and has particular and restricted rights in earnings, with the goal of enhancing capitalist contribution and decreasing results on shareholders Present.
Beneath is the timeline of the deal:
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The timeline of the deal
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Completion of the sale deal between Saudi Aramco and Sumitomo
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Inside 15 working days of the approval of the extraordinary basic meeting for growing the capital to the choice to extend the capital. It’s anticipated to happen on a date that doesn’t exceed:
October 27, 2025 AD (within the occasion of the approval of the extraordinary basic meeting for a rise in capital on the first or second assembly).
November 19, 2025 AD (within the occasion of the approval of the extraordinary basic meeting for a rise in capital on the third assembly).
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Saudi Aramco and Sumitomo are depositing subscription proceeds within the firm’s account
Banking
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After finishing the sale, and in any case inside 15 working days of the approval of the extraordinary basic meeting to extend the capital to the choice to extend the capital. It’s anticipated that it will happen on a date that doesn’t exceed:
October 27, 2025 AD (within the occasion of the approval of the extraordinary basic meeting for a rise in capital on the first or second assembly).
November 19, 2025 AD (within the occasion of the approval of the extraordinary basic meeting for a rise in capital on the third assembly).
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Issuing common class (B) shares and depositing them with a deposit firm (EKB).
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It’s anticipated throughout a interval ranging between two days and 5 days of circulation (2-5) of depositing the issuance of standard shares of class (B) and depositing them with a deposit firm (finishing the subscription) of the subscription proceeds, and it’s anticipated that this shall be accomplished on a date not exceeding November 3, 2025 AD.
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Modifying the corporate’s business registry to mirror the capital enhance, and deposit the muse system The speed is on the Ministry of Commerce
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Inside 15 calendar days from the date of completion of the subscription.
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The corporate indicated that if it decides to distribute earnings, the common shares of class (B) will deserve Solely lower than the next:
– 30 % of the entire earnings introduced by the corporate, whether or not yearly or phased.
– The accrued and unpaid earnings (for the present 12 months and the earlier years) on the common shares of class B.
