On April 26, 2026, Rabigh Refining and Petrochemical Co. announced that its accumulated losses decreased to 14.77% of share capital as of March 31, 2026, totaling SAR 2,469 million. The company achieved this reduction through a capital decrease from SAR 21,973.65 million to SAR 16,710 million, approved by shareholders in an extraordinary general assembly meeting on March 29, 2026, which involved reducing the nominal value of Class A ordinary shares from SAR 10 to SAR 6.85 per share. Additionally, the company reported a net profit of SAR 1,466 million for the period ended March 31, 2026, driven by higher refined product pricing, improved operational performance, and lower finance charges. With accumulated losses now below 20% of share capital, the regulatory requirements under Article 132 of the Companies Law for companies with losses exceeding 20% of capital are no longer applicable to Petro Rabigh.

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