RABIGH SUCCESSFULLY PASSES THE LENDERS COMPLETION TEST

Rabigh Refining and Petrochemical Company (Petro Rabigh) announces that on Tuesday April 17,2012 the Company has successfully achieved the Financial Completion as per the Lenders Common Term Agreement. The Financial Completion is considered as proof of the companys capability of generating adequate revenues to meet its financial obligations. This achievement supports the Company's financial position. It is worth mentioning that a large number of local and international banks and financial institutions have participated in the project financing.