Saudi Arabian Oil Company ("Saudi Aramco") announces the completion of its acquisition of 375,974,998 Class A ordinary shares in Rabigh Refining and Petrochemical Company ("Petro Rabigh"), representing approximately 22.5% of the share capital of Petro Rabigh, from Sumitomo Chemical Co., Ltd. ("Sumitomo")

Contributing sentiments towards policy:

53% : As a result of such termination, Saudi Aramco and Sumitomo will cease to reimburse Petro Rabigh for the zakat and tax borne by Petro Rabigh on their shareholdings with effect from completion of the transaction, as further described in the Shareholder Circular published by Petro Rabigh on 16/03/1447H (corresponding to 08/09/2025G).
50% : Moreover, Saudi Aramco, Sumitomo and Petro Rabigh have terminated a side letter they had entered into on 12/03/1427H (corresponding to 10/04/2006G) under which Saudi Aramco and Sumitomo reimbursed Petro Rabigh for the zakat and tax borne by Petro Rabigh on their shareholdings.

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