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Petro Rabigh Swings to H1 Profit; Revenue Surges

MT Newswires·07/27/2026 01:23:14
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01:23 AM EDT, 07/27/2026 (MT Newswires) -- Rabigh Refining and Petrochemical (SASE:2380), d/b/a Petro Rabigh, said Monday that it swung to an attributable profit in the first half, while revenue grew year over year. Net profit attributable to shareholders of the issuer for the six months ended June 30 was 4.13 billion Saudi riyals, compared with a loss of 2.06 billion riyals earlier. EPS moved to 2.47 riyals from a loss per share of 1.23 riyals. The Saudi Arabia-listed oil refining and petrochemical company's revenue was 35.22 billion riyals, compared with 15.16 billion riyals a year ago.