Rabigh Refining and Petrochemical Co (2380)

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News

9 October 2025 03:00 AM Aramco becomes Petro Rabigh’s largest shareholder via $702m additional stake

Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) acquired an additional 22.50% shareholding in Rabigh Refining and Petrochemical Company (Petro Rabigh) from Sumitomo Chemical Corporation for $702 million, with a nominal value of SAR 7 per share.

Companies Investments

1 September 2025 03:00 AM Petro Rabigh unveils capital change to write off accumulated losses

Riyadh - Mubasher: The board of Rabigh Refining and Petrochemical Company (Petro Rabigh) recommended a SAR 5.26 billion capital increase, which will be followed by a 23.95% capital reduction.Both transactions aim to strengthen the company’s financial

Board of Directors

13 May 2025 03:00 AM Petro Rabigh incurs SAR 691m losses in Q1-25; revenues hike 44%

Riyadh – Mubasher: Rabigh Refining and Petrochemical Company (Petro Rabigh) reported an annual plunge of 49.37% in net loss to SAR 691 million during the first quarter (Q1) of 2025, compared to SAR 1.36 billion.The company’s revenues increased by 43.

Sector Reports

19 March 2025 10:53 AM Petro Rabigh suffers lower losses at SAR 4.5bn in 2024

Riyadh – Mubasher: Rabigh Refining and Petrochemical Company (Petro Rabigh) incurred net losses worth SAR 4.54 billion in 2024, an annual decline of 3.15% from SAR 4.69 billion. Revenues plummeted by 11.78% year-on-year (YoY) to SAR 39.34 billion …

Financial Results

15 September 2024 03:36 PM Petro Rabigh’s accumulates losses down to SAR 6bn

Riyadh – Mubasher: Rabigh Refining and Petrochemical Company (Petro Rabigh) lowered its accumulated losses from 53.09% of share capital at the end of June 2024 to 36.16% as of 31 August. The company’s accumulated losses hit SAR 6.04 billion …

Financial Results

8 August 2024 09:00 AM Petro Rabigh announces H1-24 financials; Aramco to become largest shareholder

Riyadh – Mubasher: The net losses of Rabigh Refining and Petrochemical Company (Petro Rabigh) hiked by 14.12% year-on-year (YoY) to SAR 2.46 billion in the first half (H1) of 2024 from SAR 2.16 billion. The revenues amounted to SAR 17.99 billion …

Mergers and Acquisitions

4 June 2024 09:51 AM ACWA Power sells 30% of Rabigh IWSPP for SAR 844m

Riyadh – Mubasher: ACWA Power Company penned a deal to sell 30% of its shareholding in the Rabigh Arabian Water & Electricity Company (RAWEC) IWSPP to Hassana Investment Company. The parties sealed the share purchase agreement (SPA) on 3 June 2024 …

Companies Investments

14 May 2024 00:20 PM Petro Rabigh incurs SAR 1.3bn losses in Q1-24; accumulated losses hit 46.5% of capital

Riyadh – Mubasher: Rabigh Refining and Petrochemical Company (Petro Rabigh) registered SAR 1.36 billion in net loss during the first quarter (Q1) of 2024, an annual leap of 41.59% from SAR 964 million. The revenues hit SAR 7.98 billion in the …

Financial Results

24 March 2024 01:41 PM Petro Rabigh’s loss deepens 321% YoY in 2023

Riyadh – Mubasher: The net loss of Rabigh Refining and Petrochemical Company (Petro Rabigh) surged 320.90% year-on-year (YoY) to SAR 4.69 billion in 2023 from SAR 1.11 billion. Revenues declined by 20.28% YoY to SAR 44.60 billion last year from …

Financial Results

17 January 2024 11:08 AM Petro Rabigh’s accumulated losses reached SAR 6.4bn

Riyadh – Mubasher: Rabigh Refining and Petrochemical Company (Petro Rabigh) suffered accumulated losses totalling SAR 6.40 billion as of 31 December 2023, equivalent to 38.34% of the capital. Petro Rabigh attributed the registered losses to …

Financial Results

8 November 2023 04:49 PM Petro Rabigh unveils 9M-23 financials; accumulated losses hit SAR 5bn

Riyadh – Mubasher: Rabigh Refining and Petrochemical Company (Petro Rabigh) shifted to net losses after Zakat and tax valued at SAR 3.30 billion in the first nine months (9M) of 2023. The losses were incurred against net profits amounting to SAR …

Financial Results

9 August 2023 09:45 AM Petro Rabigh shifts to SAR 2.16bn losses in H1-23; accumulated losses unveiled

Riyadh – Mubasher: Rabigh Refining and Petrochemical Company (Petro Rabigh) turned to net losses after Zakat and tax worth SAR 2.16 billion in the first half (H1) of 2023, versus net profits of SAR 2.10 billion in H1-22. The revenues shrank by …

Financial Results

13 June 2023 00:13 PM Petro Rabigh’s accumulated losses hike to SAR 3.53bn

Riyadh – Mubasher: Rabigh Refining and Petrochemical Company (Petro Rabigh) reported accumulated losses valued at SAR 3.53 billion, according to the unaudited financial results for May 2023. The accumulated losses represent 21.17% of the SAR 16.71 …

Financial Results

11 May 2023 11:42 AM Petro Rabigh unveils Q1-23 results; accumulated losses hit 16% of capital

Riyadh – Mubasher: Rabigh Refining and Petrochemical Company (Petro Rabigh) shifted to net losses after Zakat and tax valued at SAR 964 million in the first quarter (Q1) of 2023, against profits worth SAR 725 million in Q1-22. Petro Rabigh …

Financial Results

25 December 2022 04:48 PM Saudi Top for Trading rolls out SAR 100m project with Petro Rabigh

Riyadh – Mubasher: Saudi Top for Trading Company signed a memorandum of understanding (MoU) with Rabigh Refining and Petrochemical Company (Petro Rabigh) to establish a factory at a value of SAR 100 million. Of the total amount, SAR 60 million …

Companies Investments

14 December 2022 01:22 PM MIS inks tech contract with Petro Rabigh

Riyadh – Mubasher: Al Moammar Information Systems Company (MIS) penned a SAR 42.71 million agreement with Rabigh Refining and Petrochemical Company (Petro Rabigh) on 7 December 2022. Under the deal, MIS will handle the works of data centre …

Companies Investments

13 December 2022 02:01 PM MIS inks tech contract with Petro Rabigh

Riyadh – Mubasher: Al Moammar Information Systems Company (MIS) penned a SAR 42.71 million agreement with Rabigh Refining and Petrochemical Company (Petro Rabigh) on 7 December 2022. Under the deal, MIS will handle the works of data centre …

Companies Investments

24 November 2022 03:04 PM MIS unveils nearly SAR 43m deal with Petro Rabigh

Riyadh – Mubasher: Al Moammar Information Systems Company (MIS) was awarded a SAR 42.71 million contract with Rabigh Refining and Petrochemical Company (Petro Rabigh) on 22 November 2022. The deal covers data centre consolidation and tech refresh, …

Companies Investments

31 October 2022 05:06 PM Petro Rabigh’s profits shrink 56% in 9M-22; accumulated losses unveiled

Riyadh – Mubasher: Rabigh Refining and Petrochemical Company (Petro Rabigh) registered a net profit after Zakat and tax worth SAR 696 million in the first nine months (9M) of 2022, lower by 56.17% than SAR 1.58 billion in 9M-21. Revenues surged by …

Financial Results

14 August 2022 02:14 PM Petro Rabigh’s profits leap 54% in H1-22 interim results

Riyadh – Mubasher: Rabigh Refining and Petrochemical Company (Petro Rabigh) recorded a 54.39% year-on-year (YoY) hike in net profit after Zakat and tax to SAR 2.10 billion during the first half (H1) of 2022, compared to SAR 1.36 billion. Revenues …

Financial Results

5 July 2022 04:33 PM Petro Rabigh secures SAR 390.5m from rump offering

Riyadh – Mubasher: Rabigh Refining and Petrochemical Company (Petro Rabigh) has sold 23.11 million shares representing the remaining unsubscribed rights shares for SAR 390.44 million. The average price of the sold shares stood at SAR 16.89 per …

Companies Investments

9 June 2022 03:25 PM Petro Rabigh’s shareholders approve 90.75% capital raise

Riyadh – Mubasher: The shareholders of Rabigh Refining and Petrochemical Company (Petro Rabigh) have agreed to increase its capital to SAR 16.71 billion from SAR 8.76 billion. Petro Rabigh will offer a SAR 7.95 billion rights issue, equivalent to …

Management Decisions