18 Hrs
Source:
الاقتصادية
Source: الاقتصادية
18 Hrsالاقتصادية
Source: الاقتصادية
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Saudi Arabia's Rabigh Refining and Petrochemical Company, "PetroRabigh," experienced a significant turnaround in its financial performance during the second quarter of 2026. The company recorded a net profit of 2.66 billion SAR, compared to a loss of 1.36 billion SAR in the same period of the previous year. This transformation is attributed to higher plant operating rates driven by favorable market conditions, a decline in interest rates, and early repayment of some long-term loans. The quarterly revenue reached 20.36 billion SAR, representing a 416% increase compared to the same period last year, supported by rising prices of refined products and petrochemicals, as well as increased sales volumes. The company benefited from its location on the western coast, which helped maintain supply routes away from the Strait of Hormuz, amid ongoing geopolitical tensions that could impact energy prices and supply chains. PetroRabigh emphasizes strengthening its operational readiness and resilience to capitalize on opportunities, while maintaining stable performance and financial discipline.
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