Saudi Aramco Total Refining and Petrochemical Company ( SATORP ) its plan to increase the capital of from SR2,437,500,000 to SR3,562,500,000

10/04/2012 Argaam

SATORP holds the great majority of shares in Arabian Aramco Total Services Company, which is the issuer of a sukuk listed on the Saudi Arabian Exchange (Tadawul),

The increased capital amount, which amounts to SR1,125,000,000 shall be paid in-cash by the sponsors in proportion to their shareholding in SATORP (62.5pc for Saudi Aramco and 37.5pc for Total ).

The amendment to SATORP 's articles of association is to be executed before the notary public on Monday 17/5/1433H corresponding to 9/4/2012G to amend Article 6.

Comments {{getCommentCount()}}

Be the first to comment

loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.