Rabigh Refining & Petrochemical Co. - (2380)

11.91 0.09(0.76%) Last Update 20/07/2017 17:12 KSA

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Stock Market: Saudi Stock Exchange
Official Sector: Energy
Market Cap Size: Med Cap
Gulfbase Sector: Basic Material

Company Overview

Establishment Date: 19/09/2005
Paidup capital: SAR 8,760,000,000
Par value per share: SAR 10.00
Outstanding Shares ('000): 876,000
Major Shareholders


Rabigh Refining & Petrochemical Co. (PETRORABIGH) is a (50:50) joint venture between Saudi Aramco and Japan's Sumitomo Chemical. The plant is valued at around US$10 billion and comprises 23 plants producing 18.4 million tons per annum (mpta) of petroleum-based products and 2.4 mpta of ethylene and propylene-based derivatives. Upon conversion, PETRORABIGH's products will go on to be used in such end products as: plastics, detergents, lubricants, resins, coolants, anti-freeze, paint, carpets, rope, clothing, shampoo, auto interiors, epoxy glue, insulation, film, fibres, household appliances, packaging, candles, film, pipes and thousands of other applications. The PETRORABIGH plant is located on the Red Sea, on a 3,000 acre site occupied by an Aramco topping refinery.
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