Petro Rabigh studies corrective measures for accumulated losses

21/01/2024 Argaam

Petro Rabigh studies corrective measures for accumulated losses

Logo of Rabigh Refining and Petrochemical Co. (Petro Rabigh)

Rabigh Refining and Petrochemical Co. (Petro Rabigh) said that corrective measures regarding the accumulated losses are under study and preparation, according to a statement on Tadawul.

 

Petro Rabigh will disclose these measures in the announcement of the annual financial statements for 2023, which will be published during the current quarter.

 

According to data compiled by Argaam, Petro Rabigh’s accumulated losses amounted to SAR 6.41 billion, representing 38.34% of the company’s SAR 16.71 billion capital, according to the unaudited financial statements for December 2023, closed on Jan. 16, 2024.

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