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Rabigh Refining and Petrochemical Company (Petro Rabigh) Announces the Results of Right Issues Trading and New Shares Subscription and the Details of the Rump Offering

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Introduction 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.
Total Number of Subscribed Shares out of the total Number of New Offered Shares A number of (765,215,004 ) shares were subscribed for from the (795,000,000) new shares.
Value of the Subscribed Shares SAR 7,652,150,040.
Coverage Percentage out of Total New Offered Shares (%) 96.25 %
Remaining Offering Mechanism 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.
Remaining Offering Start Date 2022-06-29 Corresponding to 1443-11-30
Remaining Offering End Date 2022-06-30 Corresponding to 1443-12-01
Specification of the Remaining Offering Period Hours 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).
Additional Information For enquiries, please contact investor relations through telephone number: (012) 4251234, fax number: (012) 4258696, or the following email address: investor.relations@petrorabigh.com

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.

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