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Rabigh Refining and Petrochemical Company (Petro Rabigh) Announces the Results of Rump Offering and the Allocation of Right Issue

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Introduction Rabigh Refining and Petrochemical Co. (Petro Rabigh) announces the results of the rump offering and the final allocation of Rights Issue shares. By the end of the rump offering period, the shares bid for amounted to 1,649.68% and the entire rump shares of 23,114,961, inclusive of fractional shares, were sold fully.
Number of Sold Shares 23114961
Total Proceeds of Selling Unsubscribed Shares SAR 390,440,072.10
Fractional Shares 52,994 shares
Average Price of Sold Shares SAR 16.89
Net Compensation for Right Issues and Fraction Shares Owners SAR 159,290,462.10
Date of Depositing the Shares into Shareholders Accounts 2022-07-06 Corresponding to 1443-12-07
Additional Information The Company will receive the aggregate offer price collected from the rump offering. The proceeds exceeding the offer price, if any, will be distributed to those entitled to it at latest on Sunday 18/12/1443H (17/7/2022G).

The Company would like to clarify that the reason for the change in the number of rump shares from 22,642,745 shares, which was disclosed in the Company’s announcement on the Saudi Exchange on 30-11-1443H (corresponding to 29-06-2022G), to a number of rump shares offered inclusive of fractional shares amounting to 23,114,961 shares is due to the adjustment of the number of rump shares after the completion of reconciliation process with the actual subscribed shares as per the statement of the Lead Manager.

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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