Saudi's Petrorabigh chooses HSBC Capital as adviser for rights issue

Saudi Arabia JV firm appoints financial adviser for $2.47bn rights issue to fund its expansion

Saudi Arabia's Petrorabigh has chosen HSBC Capital as a financial adviser for a 9.26 billion riyal ($2.47 billion) rights issue to fund its expansion, the company said on Wednesday.

PetroRabigh, a joint venture between Saudi Aramco and Sumitomo Chemical, said in a bourse statement that HSBC Capital would...Read more...