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Masafi Seeks Capital Hike

Masafi Seeks Capital Hike

Saudi Arabian Refineries Company submitted an application to the Capital Market Authority on November 11, 2026, to increase its capital from SAR 150 million to SAR 450 million through a SAR 300 million rights issue. The offering includes the issuance of 30 million shares at SAR 10 per share, with the increase subject to regulatory approvals and a vote by the extraordinary general assembly.

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