Petro Rabigh shareholders approve SAR 5.26 bln capital hike Rabigh Refining and Petrochemical Co. shareholders approved, during the extraordinary general meeting (EGM) held on Sept. 29, the board's recommendation to increase capital by 31.5% (SAR 5.26 billion) and allocate to founding shareholders Saudi Arabian Oil Company (Saudi Aramco) and Sumitomo Chemical Company Ltd.   For More IPOs   According to a statement to Tadawul, a part of the proceeds will go to repay phase two project facilities and bridge l ...