Logo ofRabigh Refining and Petrochemical Co. (Petro Rabigh)
Rabigh Refining and Petrochemical Co. (Petro Rabigh) stated that the measures accompanying Saudi Aramco’s acquisition of 375.97 million shares in Petro Rabigh from Sumitomo, representing approximately 22.5% of Petro Rabigh’s capital, are expected to have a positive financial impact. 
This comes as Saudi Aramco and Sumitomo agreed to take specific steps aimed at improving Petro Rabigh’s financial position and supporting its transformation strategy.
In a statement to Tadawul, the company added that these steps include waiving existing revolving shareholder loans, which Saudi Aramco and Sumitomo made equally to Petro Rabigh, in the aggregate amount of SAR 5.63 billion of which SAR 3.75 was waived in August 2024 and SAR 1.88 billion was waived in January 2025.
The steps additionally include injecting an aggregate amount of SAR 5.26 billion divided equally from each of Saudi Aramco and Sumitomo, into Petro Rabigh through the subscription for the Class B shares.
Logo ofRabigh Refining and Petrochemical Co. (Petro Rabigh)
Rabigh Refining and Petrochemical Co. (Petro Rabigh) stated that the measures accompanying Saudi Aramco’s acquisition of 375.97 million shares in Petro Rabigh from Sumitomo, representing approximately 22.5% of Petro Rabigh’s capital, are expected to have a positive financial impact.
This comes as Saudi Aramco and Sumitomo agreed to take specific steps aimed at improving Petro Rabigh’s financial position and supporting its transformation strategy.
In a statement to Tadawul, the company added that these steps include waiving existing revolving shareholder loans, which Saudi Aramco and Sumitomo made equally to Petro Rabigh, in the aggregate amount of SAR 5.63 billion of which SAR 3.75 was waived in August 2024 and SAR 1.88 billion was waived in January 2025.
The steps additionally include injecting an aggregate amount of SAR 5.26 billion divided equally from each of Saudi Aramco and Sumitomo, into Petro Rabigh through the subscription for the Class B shares.
