Petro Rabigh reduces its losses by 14.2% to 3.9 billion riyals in 2025
The losses of Rabigh Refining and Petrochemical Company decreased "Petro Rabigh" In 2025, by 14.2% to 3.9 billion riyals, compared to 4.5 billion riyals in 2024.
According to the company’s statement on the website "Saudi Arabia trading"The reason for the decrease in the net loss during the current year compared to the previous year is mainly due to the decrease in financing costs as a result of the founding shareholders’ waiver of renewable shareholder loans, which represent 5,625 billion riyals, and the early repayment of 5,263.6 billion Saudi riyals from the second-stage loans and the bridge loan from the proceeds of subscription for Class A common shares. "for"
The decline in interest rates and the improvement in profit margins for refined products during the year contributed to the decrease in net loss for the year.
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