Brief: Aramco Completes Acquisition Of approx 22.5% share capital of Petro Rabigh from Sumitomo

SUMITOMO CHEMICAL

09/10/2025 06:02

Oct 9 (Reuters) - SAUDI ARABIAN OIL CO 2222.SE:

SAUDI ARAMCO - COMPLETION OF ITS ACQUISITION OF 375,974,998 CLASS A ORDINARY SHARES IN RABIGH REFINING AND PETROCHEMICAL

PURCHASE PRICE PAID BY SAUDI ARAMCO IN CASH FOR ACQUISITION OF SALE SHARES IN PETRO RABIGH AMOUNTED TO SAR 2.63 BILLION WHICH EQUATES TO SAR 7 PER SHARE

AS RESULT OF TRANSACTION, ARAMCO’S OWNERSHIP IN PETRO RABIGH BECOME APPROX 60% OF CLASS A ORDINARY SHARES

SAUDI ARAMCO - SUMITOMO’S OWNERSHIP IN PETRO RABIGH BECOME 15% OF CLASS A ORDINARY SHARES

SAUDI ARAMCO AND SUMITOMO PLAN TO JOINTLY INJECT SAR 5.26 BILLION INTO PETRO RABIGH BY SUBSCRIBING FOR CLASS B ORDINARY SHARES

TRANSACTION ALSO INVOLVES SUMITOMO AND ITS AFFILIATES TRANSFERRING ITS MARKETING RIGHTS OF PETRO RABIGH’S PRODUCTS TO SAUDI ARAMCO AND ITS AFFILIATES

Source text: ID:nSSE1lCm3M

Further company coverage: 2222.SE

 ((Reuters.Briefs@thomsonreuters.com;))