| Element List | Explanation |
|---|---|
| Introduction | With reference to Rabigh Refining and Petrochemical Company’s (“Petro Rabigh” or the “Company”) announcement made on 08/03/1447H (corresponding to 31/08/2025G) on the Saudi Exchange’s website regarding the board’s recommendation to decrease of the Company’s capital (as outlined below), the Company hereby announces that it has submitted the capital decrease file to the Capital Market Authority on 06/05/1447H (corresponding to 28/10/2025G). |
| Date of Submitting the Application File to CMA | 2025-10-28 Corresponding to 1447-05-06 |
| Application Subject | Reducing the Company’s capital from twenty-one billion, nine hundred seventy-three million, six hundred forty-nine thousand, nine hundred eighty Saudi Riyals (SAR 21,973,649,980) to sixteen billion, seven hundred nine million, nine hundred ninety-nine thousand, nine hundred eighty Saudi Riyals (SAR 16,709,999,980), through reducing the nominal value of each Class A ordinary share from ten Saudi Riyals (SAR 10) to six Saudi Riyals and eighty-five Halalas (SAR 6.85). |
| Date of Announcing Board Recommendation to Decrease the Company’s Capital on Saudi Exchange’s Website | 2025-08-31 Corresponding to 1447-03-08 |
| Additional Information | The capital decrease is subject to regulatory approvals and the approval of the Company’s extraordinary general assembly. The Company will announce any material development as required by applicable laws and regulations. |
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