Element List	Explanation
Introduction	Saudi Arabian Refineries Company – SARCO (the “Company”) announces that the Board of Directors has issued a resolution dated March 26, 2026 (corresponding to October 7, 1447H), recommending to the Extraordinary General Assembly an increase of the Company’s capital by SAR 300,000,000, representing 66.66% of its current capital, through the offering of rights issue shares (“Rights Issue”).
Date of Board Meeting	2026-03-26 Corresponding to 1447-10-07
Target Amount	SAR 300,000,000
Reasons for the increase	To support and finance the Company’s investment projects.
Eligibility date	Shareholders holding shares on the date of the Extraordinary General Assembly meeting in which capital increase through the issuance of right issues was resolved whose names so appear in the register of the Issuer’s Shareholders at the Depository Center at the end of the second trading day following the date of the General Assembly’s Meeting.
Approvals	The Board’s recommendation is subject to the approval of the relevant regulatory authorities and company shareholders at the EGM
Appointment of Financial Advisor and Submission of the Capital Increase Application File to CMA	Alinma Capital Company has been appointed as the financial advisor for the Rights Offering and the submission of the capital increase application. Also, an announcement will be made when the capital increase application file is submitted to the Capital Market Authority, and any future developments in this regard.
Additional Information	Nil