Logo of Saudi Arabian Refineries Co. (SARCO)
Saudi Arabian Refineries Co.’s (SARCO) board recommended a capital increase of SAR 300 million through a rights issue, representing 66.66% of the company’s current capital. 
The rights issue is intended to support the company’s investment projects, according to a Tadawul statement.
Shareholders of record on the date of the extraordinary general meeting (EGM) that approved the capital increase, and those registered with the Securities Depository Center (Edaa) at the end of the second trading day following the EGM, are eligible to participate in the rights issue.
The board appointed Alinma Capital as financial advisor to oversee the rights issue, prepare the capital increase application, and ensure regulatory compliance, with the company set to announce its submission to the Capital Market Authority (CMA) and disclose any future developments as they arise.
The board’s recommendation remains subject to approval by the relevant regulatory authorities and shareholders at the EGM.
Logo of Saudi Arabian Refineries Co. (SARCO)
Saudi Arabian Refineries Co.’s (SARCO) board recommended a capital increase of SAR 300 million through a rights issue, representing 66.66% of the company’s current capital.
The rights issue is intended to support the company’s investment projects, according to a Tadawul statement.
Shareholders of record on the date of the extraordinary general meeting (EGM) that approved the capital increase, and those registered with the Securities Depository Center (Edaa) at the end of the second trading day following the EGM, are eligible to participate in the rights issue.
The board appointed Alinma Capital as financial advisor to oversee the rights issue, prepare the capital increase application, and ensure regulatory compliance, with the company set to announce its submission to the Capital Market Authority (CMA) and disclose any future developments as they arise.
The board’s recommendation remains subject to approval by the relevant regulatory authorities and shareholders at the EGM.
