Last SR23.00 SAR
Change Today +0.38 / 1.68%
Volume 902.0K
PETROR On Other Exchanges
Saudi Arabia
As of 5:23 AM 03/5/15 All times are local (Market data is delayed by at least 15 minutes).

rabigh refining and petroche (PETROR) Snapshot

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52 Week High
09/9/14 - SR36.10
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12/17/14 - SR14.65
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rabigh refining and petroche (PETROR) Details

Rabigh Refining and Petrochemical Company develops, constructs, and operates an integrated refining and petrochemical complex. The company operates through Refined Products and Petrochemicals segments. It manufactures refined products comprising liquefied petroleum gas, naphtha, gasoline, gas oil, fuel oil, and kerosene. The company also offers polymer products, including linear low density polyethylene, high density polyethylene, homopolymer polypropylene, and impact copolymer polypropylene products; and monomer products consisting propylene oxide and mono ethylene glycol products. It operates in the Middle East, the Asia Pacific, and internationally. Rabigh Refining and Petrochemical Company was founded in 2005 and is based in Rabigh, Saudi Arabia.

Founded in 2005

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rabigh refining and petroche (PETROR) Key Developments

Rabigh Refining and Petrochemical Company Announces the Approval of Planned Periodic Maintenance to Take Place in October 2015

Rabigh Refining and Petrochemical Company announced that the company's Board of Directors, in their meeting held on February 24, 2015, approved the planned periodic maintenance for all operational facilities and production plants in the Company complex. This requires a complete shutdown of these plants, which will continue for a period of 50 days starting October 4, 2015. This is the second periodic maintenance (T&I) since 2011. The periodic T&I which is carried out every 4 years as a regular practice in the refining and petrochemical industry, is done for the purpose of ensuring the safety and stability of operations. The financial impact of this shutdown will be a decrease in the sales of the third and fourth quarters of 2015 by approximately SAR 880 million. It is worth to mention that the financial impact is subject to change due to market condition and prices at the time of the T&I.

Rabigh Refining and Petrochemical Co Reports Earnings Results for the Fourth Quarter and Year Ended December 2014

Rabigh Refining and Petrochemical Co reported earnings results for the fourth quarter and year ended December 2014. For the fourth quarter, the company reported net loss of SAR 198 million ($53 million), reversing a profit of SAR 1.24 billion in the previous corresponding period, on inventory losses caused by steep declines in crude prices. Operating loss was SAR 181 million from a profit of SAR 498 million in the previous corresponding period. For the year 2014, the company posted a 90% surge in net profit to SAR 681 million, and recorded an operating profit of SAR 734 million - a reversal of the SAR 313 million loss in 2013.

Rabigh Refining and Petrochemical Co Announces Earnings Results for the Third Quarter and Nine Months Ended September 30, 2014

Rabigh Refining and Petrochemical Co announced earnings results for the third quarter and nine months ended September 30, 2014. For the quarter, the company reported net profit of SAR 294 million, up from SAR 14 million a year earlier. Operational profit was SAR 306 million against SAR 28 million a year ago. For the nine months, the company reported net profit of SAR 879 million against loss of SAR 881 million a year earlier. Operational profit was SAR 915 million against loss of SAR 811 million a year ago. Earnings per share were SAR 1 against loss per share of SAR 1.01 a year ago.


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