Petro Rabigh Files for Capital Reduction with Market Authority
Riyadh,Saudi Arabia – October 29,2025 – Petro Rabigh has officially submitted a request to the Saudi Market Authority (SMA) to reduce its capital base,a move intended to address accumulated losses. The company disclosed the filing today,initiating a process that will ultimately require shareholder approval.
This capital reduction is a critical step for Petro Rabigh to restructure its financial position and improve its long-term viability. Accumulated losses have weighed on the company’s financial health, and this action aims to offset those losses and present a more lasting balance sheet.The proposed reduction will impact shareholders, and the timeline for completion hinges on regulatory approval and a subsequent remarkable general assembly.
According to the filing, the discount date for the capital reduction will be the end of the second trading day following the extraordinary general assembly where the decision to reduce capital is ratified. This date is crucial for determining shareholder entitlements and the mechanics of the capital adjustment.
The company did not specify the exact amount of the proposed capital reduction in its initial proclamation, but further details are expected to be released pending SMA review and approval. Investors and stakeholders will be closely monitoring developments as Petro Rabigh navigates this important financial restructuring.
