SARCO Files 300M SAR Rights Issue With CMA
Riyadh, Saudi Arabia — Saudi Arabian Refineries Company (SARCO) submitted a rights issue application to the Capital Market Authority (CMA) on November 11, 2026, seeking to raise 300 million SAR through a new share offering. The move would triple the company’s share capital, from 150 million SAR to 450 million SAR. Deal Details SARCO’s board […] The post SARCO Files 300M SAR Rights Issue With CMA…
On November 11, 2026, the Saudi Arabian Refineries Company (SARCO) formally submitted a rights issue application to the Capital Market Authority (CMA) to raise 300 million SAR through the issuance of 30 million new shares, each with a nominal value of 10 SAR. The issuance price matched the nominal value, implying no premium attached.
This move would triple SARCO's share capital, increasing it from 150 million SAR to 450 million SAR. The application followed the board's March 26, 2026, recommendation, marking a seven-month gap between the recommendation and regulatory submission. The companies intends to announce all materials developments as the application progresses.
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