Reuters
by Aziz El Yaakoubi
Moroccan oil refiner Samir said it has won the backing of its extraordinary general assembly to increase its capital to $1.04 billion.
The country’s sole oil refiner said that its top stakeholder, Corral Petroleum Holdings, will provide $672 million and more if minority stakeholders do not subscribe to the increase.
(Reporting by Aziz El Yaakoubi, editing by Louise Heavens)
