Petro Rabigh completes SAR 3.7B early loan repayment

Petro Rabigh says early repayment to help ease debt burden and financing costs

Rabigh Refining and Petrochemical Co. (Petro Rabigh) completed the early repayment of a part of its phase II loans.

The petrochemicals producer paid SAR 3.7 billion ($ 982.5 million), via proceeds from the subscription of Class B ordinary shares.

In a statement on Tadawul, the company said the positive impact of this early repayment includes reducing its debt burden and associated financing costs, which will reflect positively on its financial position and performance.

In October, Petro Rabigh completed its capital increase and issued Class B shares, Argaam data showed.

This came after shareholders approved in September the board's recommendation to increase capital by 31.5% (SAR 5.26 billion) and allocate to founding shareholders Saudi Arabian Oil Co. (Saudi Aramco) and Sumitomo Chemical Co. Ltd.

Following the capital increase, Petro Rabigh’s accumulated losses fell from 51.29% of capital as of Sept. 30, 2025, to 39.94% of capital as of Oct. 31, 2025, bringing total accumulated losses to SAR 8.77 billion.