Acquiring Company
Aramco
Acquired Company
Petro Rabigh
DhahranMakkah RegionEnergyOil And GasManufacturingEnergyOil And GasDescription
Aramco has acquired an additional 22.5% stake in Petro Rabigh from Sumitomo Chemical for $702 million. This acquisition makes Aramco the largest shareholder with an equity stake of approximately 60%. The transaction enhances Aramco's downstream strategy and strengthens Petro Rabigh’s capital structure.
Quick answer
Aramco is acquiring Petro Rabigh, announced October 9, 2025. Aramco is based in Dhahran, Eastern Province, Saudi Arabia.
- How much did Aramco pay for Petro Rabigh?
- The deal value was not disclosed.
- What does Aramco do?
- As one of the world's leading integrated energy and chemicals companies, our global team is dedicated to creating impact in all that we do, from providing crucial oil supplies to developing new energy technologies.
- Where are Aramco and Petro Rabigh based?
- Aramco is based in Dhahran, Eastern Province, Saudi Arabia. Petro Rabigh is based in Makkah Region, Saudi Arabia.
- Who are the decision-makers at Aramco?
- Fundz holds 2 contacts at Aramco. Names and contact details are shown to Fundz members.
Source: Fundz verified event record.
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Frequently asked
Who acquired Petro Rabigh?
Petro Rabigh was acquired by Aramco, based in Dhahran. The deal was reported on October 9, 2025. As one of the world's leading integrated energy and chemicals companies, our global team is dedicated to creating impact in all that we do, from providing crucial oil supplies to developing new energy technologies. Aramco is privately held and operates in Energy.
When did Aramco acquire Petro Rabigh?
Aramco's acquisition of Petro Rabigh was reported on October 9, 2025. Aramco has acquired an additional 22.5% stake in Petro Rabigh from Sumitomo Chemical for $702 million. This acquisition makes Aramco the largest shareholder with an equity stake of approximately 60%. Fundz records the date the transaction was first publicly reported, sourced from filings and company announcements.
What does Petro Rabigh do?
Petro Rabigh is a refining and petrochemical company crucial to the Kingdom’s downstream sector. It focuses on enhancing product yield and plant reliability through strategic upgrades. It is privately held, operating in Manufacturing, and is based in Makkah Region.
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