Petro Rabigh
Top 100 Companies in the Middle East 2021

SR.No: 52

Petro Rabigh

Sector: Petrochemicals

Date of Establishment: 2005
Country: Saudi Arabia
President and CEO: Othman Ali Al Ghamdi

Sales: $5.8 billion

Profits: $-1 billion

Assets: $18.8 billion

Market Value: $4.8 billion

Rabigh Refining & Petrochemical Company (Petro Rabigh) was founded as a joint venture between Saudi Aramco and Japan’s Sumitomo Chemical. Around 25% of the company’s plant funding comes from its public listing, with the rest being equally divided by Aramco and Sumitomo Chemical. In October 2020, both founding companies announced they will lend their joint venture around $2 billion to help it overcome the pandemic, with Sumitomo Chemical giving around 37.5% of the loan and Saudi Aramco funding the rest of it.