Rabigh Refining and Petrochemical Co. (Petro Rabigh)

Activity by year

20222023202420252026

New facilityAcquisition

Aug 7, 2024ACQUISITIONRabigh, Saudi Arabia, Saudi Arabia$702.0M
Aramco to acquire additional 22.5% stake in Petro Rabigh from Sumitomo Chemical
Aramco signed a definitive agreement to acquire an additional 22.5% stake in Petro Rabigh from Sumitomo Chemical for $702 million, increasing its ownership to about 60%, with additional financial measures to support Petro Rabigh.
Aramco acquirer Sumitomo Chemical partner Petro Rabigh target Rabigh Refining and Petrochemical Co. (Petro Rabigh) target #Specialty Chemicals aramco.com polimericanews.com
Dec 26, 2022NEW FACILITYRabigh Plastics Technology Complex, Saudi Arabia$26.6M
Saudi Top Trading to build $27M plastics factory at Petro Rabigh complex
Saudi Top Trading Co. signed an MoU with Petro Rabigh to build a SR100 million ($26.59 million) plastics factory at the Rabigh Plastics Technology Complex, producing 50,000 tons per year of polymer compounds, rubber and industrial waxes.
Saudi Top Trading Co.Rabigh Refining and Petrochemical Co. (Petro Rabigh) partner #Plastics and Polymers arabnews.com

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