premargin

Element List	Explanation
Introduction	With reference to Rabigh Refining and Petrochemical Company’s (“Petro Rabigh” or the “Company”) announcement on 07/05/1447H (Corresponding to 29/10/2025G) on the Saudi Exchange (Tadawul) website of its submission of the application file to the Capital Market Authority (“CMA”) for obtaining its approval on the Company's capital reduction, the Company would like to announce to its esteemed shareholders the issuance of the CMA’s decision dated 24/08/1447H (Corresponding to 12/02/2026G) approving the Company’s application to reduce its capital as per the details mentioned below.
Date of Announcing the Application on Saudi Exchange’s Website	2025-10-29 Corresponding to 1447-05-07
Date of Submitting the File	2025-10-28 Corresponding to 1447-05-06
Application Status at CMA	The CMA issued on 24/08/1447H (Corresponding to 12/02/2026G), its approval on the Company’s application to reduce its Capital from (21,973,649,980) Saudi Riyals to (16,709,999,980) Saudi Riyals by reducing the nominal value of Class (A) ordinary shares from (10) Saudi Riyals to (6.85) Saudi Riyals. The date of the capital reduction will be as of the end of the second trading day after the Company’s Extraordinary General Assembly Meeting (“EGM”) in which the capital reduction will be approved. It should be noted that the capital decrease is subject to EGM approval of the capital reduction and the completion of relevant regulatory requirements.
Other Substantial Updates	The CMA issued its approval after the Company fulfilled the CMA's regulatory requirements and comments relating to the capital reduction application file. The Company will take necessary actions including the publication of the Shareholders' Circular which includes the proposed method of reducing the capital and the expected effects of that capital reduction, so that the shareholders can vote on the capital reduction resolution. In addition, the Company will call for an EGM, the date of which will be announced later.
Additional Information	The Company will announce any material development as required by applicable laws and regulations.

Rabigh Refining and Petrochemical Company Announces updates on the Company’s Capital Reduction File with the Capital Market Authority