Rabigh Refining & Petrochemical Company

The oil refining and petrochemical company, Rabigh Refining & Petrochemical Company, was founded in 2005. Saudi venture Saudi Aramco and Japanese company Sumitomo Chemical have established a joint venture.

Rabigh Refining & Petrochemical Company factories produce plastics, detergents, lubricants, resins, coolants, antifreeze, paints, shampoos. The company is engaged in the production of carpets, ropes, clothes, epoxy glue, household appliances, car showrooms, candles.

The oil refining and petrochemical company Rabigh Refining & Petrochemical Company – is one of the largest Saudi companies, was founded in 2005.

The founders of the Rabigh Refining & Petrochemical Company were Saudi Saudi Aramco and Japanese company Sumitomo Chemical. Retail investors own a 25% stake in Rabigh Refining & Petrochemical Company. 75% of the shares are equally divided between the Japanese Sumitomo Chemical and Saudi Saudi Aramco.

Rabigh Refining & Petrochemical Company plants cost over USD 10 billion.

What is produced at the plants of the Rabigh Refining & Petrochemical Company

Rabigh Refining & Petrochemical refineries process crude oil and produce gasoline, kerosene, diesel fuel, fuel oil.

A new product from the Rabigh Refining & Petrochemical Company, manufactured for the first time in the world, is called a thermoplastic olefin. This material is used in artificial rubbers for automotive parts and industrial products. Another new product is polyamide 6, which is used for food packaging.

Polyamide 6, or nylon 6, is used for the manufacture of textiles, bearings, fittings, gears, car parts.

The annual production volume of the Company – is more than 2.4 million tons of products based on ethylene and polypropylene. Rabigh Refining & Petrochemical Company has its scientific base, developing new products for the industry.

Rabigh Refining & Petrochemical Company factories produce plastics, detergents, lubricants, resins, coolants, antifreeze, paints, shampoos.

Science and Production of Rabigh Refining & Petrochemical Company

The company has its research center called Rabigh PlusTech Park. Here they research the field of mixing polymer materials for the conversion industries of the state.

The Japanese company Sumitomo Chemical, a partner of the Saudi Company, also conducts its research in the Kingdom of Saudi Arabia.

The Rabigh Plastic Center is part of the Rabigh Refining & Petrochemical Company, providing technical support and training in plastics processing technologies.

Key Figures and Profits of the Rabigh Refining & Petrochemical Company

Rabigh Refining & Petrochemical Company is successful. Shares of the Rabigh Refining & Petrochemical Company are listed on the Saudi TADAWUL exchange.

Each year, the Rabigh Refining & Petrochemical Company produces and sells 140 million barrels of petroleum products and 5 million tons of petrochemical products.

Purchase of shares of Rabigh Refining & Petrochemical Company

Securities of the Rabigh Refining & Petrochemical Company were listed on the Saudi TADAWUL Stock Exchange in 2008.

More than 4.5 million Saudi citizens have acquired shares of the Rabigh Refining & Petrochemical Company. As a result of the investment, the value of the shares of the Rabigh Refining & Petrochemical Company immediately increased five-fold.

At the beginning of August 2019, the value of shares of the Rabigh Refining & Petrochemical Company was SAR 19.22.

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