Rabigh Refining and Petrochemical Co (2380)

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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 …

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, …

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 …

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 …

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 …

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 …

Riyadh – Mubasher: Rabigh Refining and Petrochemical Company (Petro Rabigh) has registered net profits after Zakat and tax of SAR 725 million during the first quarter (Q1) of 2022, higher by 11.71% than SAR 649 million in Q1-21. During the …

Riyadh – Mubasher: The Capital Market Authority (CMA) has granted its green light for the Saudi Arabian Mining Company’s (Ma’aden) request to increase its capital through bonus shares. The Saudi listed firm will raise its capital to SAR 24.61 …

Riyadh – Mubasher: Rabigh Refining and Petrochemical Company (Petro Rabigh) achieved a net profit after Zakat and tax worth SAR 2.03 billion in 2021, against losses of SAR 3.78 billion in 2020. The company’s revenues increased by 108.67% to SAR …

Riyadh – Mubasher: The board of Rabigh Refining and Petrochemical Company (Petro Rabigh) has changed its previous recommendation to reduce the capital to become 8.01% instead of 13.76 %. The new capital will amount to SAR 8.05 billion, compared to …

Riyadh – Mubasher: Rabigh Refining and Petrochemical (Petro Rabigh) has received from Rabigh Arabian Water and Electricity Company (RAWEC) SAR 2.835 billion ($756 million) as early repayment of a loan. Petro Rabigh has provided the financing …

Riyadh – Mubasher: Rabigh Refining and Petrochemical Company (Petro Rabigh) has completed on 20 December the full repayment of SAR 21.9 billion credit facilities related to Phase I of the industrial complex. The company noted that the loans were …

Riyadh – Mubasher: Rabigh Refining and Petrochemical Company (Petro Rabigh) achieved a net profit after Zakat and tax worth SAR 221 million during the third quarter (Q3) of 2021, against losses of SAR 610 million in Q3-20. Revenues surged by 59.9% …

Riyadh – Mubasher: Rabigh Refining and Petrochemical Company (Petro Rabigh), a 37.5% subsidiary of Saudi Arabian Oil Company (Aramco), has signed a joint agreement with Aramco and the Saudi Basic Industries Corporation (SABIC) to market …

Riyadh – Mubasher: Rabigh Refining and Petrochemical Company (Petro Rabigh) achieved net profits after Zakat and tax worth SAR 1.36 billion in the first half (H1) of 2021, against net losses of SAR 3.23 billion in H1-20. Earnings per share …

Riyadh – Mubasher: The net losses of Rabigh Refining and Petrochemical Company (Petro Rabigh) widened by 595% on an annual basis in the year 2020.   Losses of the Tadawul-listed firm netted SAR 3.78 billion last year, compared with SAR 544 million …

Riyadh – Mubasher: Rabigh Refining and Petrochemical Company (Petro Rabigh) has secured on Tuesday an alternative Sharia-compliant credit facility worth SAR 3.6 billion from the Saudi Industrial Development Fund (SIDF). The 12-year loan has a …