1. Saudi Arabia Stocks

  2. •

    Energy

  3. •

    Oil & Gas Refining & Marketing
Rabigh Refining and Petrochemical Company

Rabigh Refining and Petrochemical Company

2380.SR
Rabigh Refining and Petrochemical CompanySA flagSaudi Exchange
13.70
SAR
+0.61
- -
22.89BMarket Cap
Rabigh Refining and Petrochemical Company
2380.SR
(Saudi Exchange)

Recent

price

13.70

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
43.43
49.49
57.69
46.91
50.42
23.77
23.31
31.72
38.01
31.58
20.28
28.15
39.83
26.69
23.14
20.95
23.19
Revenue per Share
0.19
0.06
0.45
0.33
0.63
-0.71
0.03
1.32
0.62
-0.5
-3.51
1.26
-0.79
-2.81
-2.72
-2.33
-1.04
Basic EPS, GAAP
1.71
1.38
2.7
-1.15
3.44
-14.58
-1.94
0.45
0.94
-1.49
-1.3
2.99
2.61
-1.59
1.98
-0.98
2.07
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
0.41
- -
- -
0.41
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
5.2
5.27
5.68
8.27
8.82
7.71
7.71
9.19
9.55
9.08
5.52
4.97
10.68
6.17
5.72
7.65
8.52
Book Value per Share
7.43
7.2
7.72
8.07
8.72
7.64
7.66
9.24
9.67
8.85
5.35
4.89
10.65
6.18
5.78
7.74
8.62
Tangible Book Value per Share
1,079
1,079
1,075
1,079
1,076
1,073
1,079
1,079
1,079
1,079
1,079
1,621
1,405
1,671
1,671
1,671
1,671
Basic Weighted Avg Shares
46,838
53,377
62,011
50,598
54,237
25,514
25,146
34,211
40,998
34,062
21,870
45,638
55,952
44,604
38,662
35,008
38,749
Sales/Revenue/Turnover
2.97
0.28
1.1
-0.55
1.52
-2.49
0.56
4.88
2.34
1.13
-11.32
6.87
-0.08
-5.89
-6.72
-7.28
-1.1
Operating Margin (%)
40
2,107
2,182
2,197
2,281
2,175
2,420
2,441
2,433
2,392
3,194
3,185
3,039
3,221
3,192
3,160
3,178
Depreciation Expense
209
66
489
359
681
-759
35
1,423
669
-544
-3,781
2,037
-1,115
-4,693
-4,545
-3,899
-1,742
Net Income, GAAP
- -
- -
- -
- -
- -
- -
53.7
6.11
21.63
- -
- -
11.42
- -
- -
- -
- -
3.8
Effective Tax Rate (%)
0.45
0.12
0.79
0.71
1.26
-2.97
0.14
4.16
1.63
-1.6
-17.29
4.46
-1.99
-10.52
-11.75
-11.14
-4.49
Profit Margin (%)
-1,427
-1,495
141
460
1,300
-2,139
-1,738
-1,127
-10,253
-16,426
-10,679
-15,906
-14,670
-10,817
-10,667
-13,731
-11,991
Working Capital
20,990
23,951
22,787
20,871
19,067
34,924
38,154
37,271
28,126
35,389
43,527
30,475
22,673
29,082
27,834
21,558
21,243
LT Debt
8,010
8,086
8,561
8,917
9,556
8,356
8,396
10,086
10,542
10,041
6,203
8,306
15,255
10,551
9,803
13,030
14,488
Total Equity
4.25
0.48
2.05
-0.86
2.64
- -
0.14
3.1
1.44
- -
- -
4.58
- -
- -
- -
- -
- -
Return on Invested Capital (%)
0.69
1.21
2.82
2.11
3.04
- -
0.45
3.62
2
- -
- -
5.03
- -
- -
- -
- -
0.66
Return on Capital (%)
3.77
1.17
8.29
4.78
7.41
-8.54
0.42
15.62
6.62
-5.42
-48.01
29.07
-9.67
-37.08
-45.76
-34.9
-13.94
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
ST Debt
10,257
3,645
3,433
LT Borrowings
13,944
13,949
13,783
LT Finance Leases
7,763
7,609
7,461
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
1,671
2,197
2,197
Market Capitalization
12,332
11,430
17,596

Working Capital

FRC

•

in mil. unless spec.
Sep'25
Dec'25
Mar'26
Total Current Assets
10,432
9,294
13,868
Cash, Cash Equivalents & STI
578
550
1,293
Accounts Receivable, Net
3,002
3,049
7,061
Inventories
3,885
3,911
4,055
Total Current Liabilities
28,916
23,025
25,860
Payables & Accruals
- -
- -
- -
ST Debt
10,257
3,645
3,433
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.47%
22.51%
32.91%
Free Cash Flow
-138.99%
-203.06%
-149.33%
Net Income, GAAP
424.19%
-1.01%
-14.21%
Sales/Revenue/Turnover
9%
17.65%
-9.45%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
7,984
10,011
9,772
11,397
38,662
2025
11,214
4,051
9,195
10,653
35,008
2026
14,850
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-0.82
-0.66
-0.78
- -
-2.72
2025
-0.41
-0.82
-0.74
- -
-2.33
2026
0.88
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
Similar Companies
Shanxi Meijin Energy Co.,Ltd. (000723.SZ)
Thai Oil Public Company Limited (LQZ.F)
Diversified Oil & Gas Holdings, Ltd. (DVFI)
Clean Energy Fuels Corp. (0I04.L)
Ultrapar Participações S.A. (UGPA3.SA)
SINOPEC Shandong Taishan Pectroleum CO.,LTD. (000554.SZ)
Business
Rabigh Refining and Petrochemical Company (Petro Rabigh) (2380.SR) operates an integrated refining and petrochemical complex in Rabigh, Saudi Arabia. Founded in 2005 as a joint venture between Saudi Aramco and Sumitomo Chemical Company, the company is headquartered in Rabigh and produces refined products including gasoline, naphtha, jet fuel/kerosene, diesel, fuel oil and liquefied petroleum gas (LPG); polymers such as high-density polyethylene (HDPE), low-density polyethylene (LDPE), linear low-density polyethylene (LLDPE), homopolymer polypropylene (PP), impact copolymer polypropylene, ethylene vinyl acetate (EVA), ethylene propylene rubber (EPR/EPDM), thermoplastic olefin (TPO), poly methyl methacrylate (PMMA) and polyamide 6; and monomers including mono ethylene glycol (MEG), propylene oxide (PO), methyl methacrylate (MMA), phenol, acetone, para-xylene (PX) and benzene. Petro Rabigh serves markets in Asia, the Middle East and Europe across the transportation, packaging, construction, medical and consumer goods industries. In 2025, Saudi Aramco completed the acquisition of an additional 22.5% stake from Sumitomo Chemical for $702 million, increasing its ownership to approximately 60% and becoming the largest shareholder, while Sumitomo retains 15%; Aramco and Sumitomo also injected $1.4 billion via Class B shares to prepay debt and waived $1.5 billion in shareholder loans (phased in August 2024 and January 2025) to strengthen the balance sheet, support a transformation program with targeted asset upgrades for higher-margin product yields, improved plant reliability and optimized operations.