Petro Rabigh says early repayment to help ease debt burden and financing costs
Rabigh Refining and Petrochemical Co. (Petro Rabigh) completed the early repayment of a part of its phase II loans. 
The petrochemicals producer paid SAR 3.7 billion ($ 982.5 million), via proceeds from the subscription of Class B ordinary shares.
In a statement on Tadawul, the company said the positive impact of this early repayment includes reducing its debt burden and associated financing costs, which will reflect positively on its financial position and performance.
According to data available with Argaam, Petro Rabigh completed last October its capital increase and issued Class B shares.
This came after shareholders approved last September the board’s recommendation to increase capital by 31.5% (SAR 5.26 billion) and allocate to founding shareholders Saudi Arabian Oil Co. (Saudi Aramco) and Sumitomo Chemical Co. Ltd,
In September, shareholders approved the board’s recommendation to increase capital by 31.5% (SAR 5.26 billion) and allocate to founding shareholders Saudi Arabian Oil Co. (Saudi Aramco) and Sumitomo Chemical Company Ltd, according to Argaam data.
Following the capital increase, Petro Rabigh’s accumulated losses fell from 51.29% of capital as of Sept. 30, 2025, to 39.94% of capital as of Oct. 31, 2025, bringing total accumulated losses to SAR 8.77 billion.
Petro Rabigh says early repayment to help ease debt burden and financing costs
Rabigh Refining and Petrochemical Co. (Petro Rabigh) completed the early repayment of a part of its phase II loans.
The petrochemicals producer paid SAR 3.7 billion ($ 982.5 million), via proceeds from the subscription of Class B ordinary shares.
In a statement on Tadawul, the company said the positive impact of this early repayment includes reducing its debt burden and associated financing costs, which will reflect positively on its financial position and performance.
According to data available with Argaam, Petro Rabigh completed last October its capital increase and issued Class B shares.
This came after shareholders approved last September the board’s recommendation to increase capital by 31.5% (SAR 5.26 billion) and allocate to founding shareholders Saudi Arabian Oil Co. (Saudi Aramco) and Sumitomo Chemical Co. Ltd,
In September, shareholders approved the board’s recommendation to increase capital by 31.5% (SAR 5.26 billion) and allocate to founding shareholders Saudi Arabian Oil Co. (Saudi Aramco) and Sumitomo Chemical Company Ltd, according to Argaam data.
Following the capital increase, Petro Rabigh’s accumulated losses fell from 51.29% of capital as of Sept. 30, 2025, to 39.94% of capital as of Oct. 31, 2025, bringing total accumulated losses to SAR 8.77 billion.
