US EditionAramco Raises Petro Rabigh Stake to 60 Percent
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Dhahran, October 9, 2025 Saudi Aramco announced the acquisition of an additional 22.5% stake in Rabigh Refining and Petrochemical Company (Petro Rabigh) from Sumitomo Chemical Company (Sumitomo) for US$702 million (SAR 7 per share). This acquisition makes Saudi Aramco the largest shareholder in Petro Rabigh, with an ownership stake of approximately 60%, while Sumitomo retains a 15% ownership stake.
Saudi Aramco builds stake in Petro Rabigh
Aramco owns 60% of refiner Japan’s Sumitomo keeps 15% stake Asset upgrades underway Saudi Aramco has acquired an additional 22.5 percent stake in Rabigh Refining and Petrochemical Company (Petro Rabigh) from Japan’s Sumitomo Chemical Corporation for $702 million. The Saudi-listed oil company now owns 60 percent of Petro Rabigh, which also trades on the local bourse, making it the company’s largest shareholder. Sumitomo will retain a 15 percent s…
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