SNG: Petro Rabigh’s accumulated losses decline to nearly 40% of capital as of October 2025

About this update from Sumitomo Chemical India Ltd.

First published: 18-Nov-2025 10:57:24Staff WriterRiyadh - The accumulated losses of Rabigh Refining and Petrochemical Company (Petro Rabigh) reached SAR 8.77 billion, equivalent to 39.94% of its SAR 21.97 billion capital, as of 31 October 2025.The accumulated losses shrank from 51.29% at the end of September 2025, according to a bourse filing.The decrease was attributed to a SAR 5.26 billion capital increase through the issuance of 526.36 million ordinary Class B shares.The newly issued shares were in favor of the founding shareholders Saudi Arabian Oil Company (Aramco) and Sumitomo Chemical.It is worth noting that Petro Rabigh's total assets hit SAR 65.01 billion at the end of October 2025.It is worth noting that in the first nine months (9M) of 2025, Petro Rabigh suffered 12.56% year-on-year (YoY) lower net losses at SAR 3.29 billion, compared to SAR 3.76 billion.All Rights Reserved - Mubasher Info © 2005 - 2025 Provided by SyndiGate Media Inc. (Syndigate.info).Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.

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