Saudi Top inks agreement with Petro Rabigh to lease land, use infrastructure

Headquarters of Saudi Top for Trading Co. 

Saudi Top for Trading Co.  signed a 50,000 square meters land lease and infrastructure access agreement with Rabigh Refining and Petrochemical Co. (Petro Rabigh), in Rabigh Plastic Technology Complex for a period of 30 years.

In a statement on Tadawul, the company noted that a utility supply agreement was also signed for a period of five years, which is automatically renewed for a similar period until 2033.

In December 2022, Saudi Top said that one of its factories, Saudi Top Plastic, signed a memorandum of understanding (MoU) with Petro Rabigh to establish a factory with a total construction value of about SAR 100 million in two phases. The first phase was valued at nearly SAR 60 million and the second at approximately SAR 40 million, Argaam reported earlier.