Petro Rabigh plans capital reduction

Petro Rabigh plans capital reduction
WESPECH PTE LTD
8 Eu Tong Sen Street #14-94, The Central, Singapore (059818)
+65 315 904 24

10.12.2021

MOSCOW (MRC) -- Rabigh Refining and Petrochemical Co (Petro Rabigh) plans a Saudi riyal (SR) 1.21bn (USD321m) capital reduction, followed by a rights issue of up to SR7.95bn (USD2.12bn), said Argaam."The purpose of this Petro Rabigh capital reduction and capital increase is to eliminate the accumulated losses incurred due to the large deficit in FYfiscal year 2020 and strengthen Petro Ra

Full article at mrcplast.com

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