Petro Rabigh Reshuffles Board Following Aramco-Sumitomo Share Transaction

PETRO RABIGH +4.35%

PETRO RABIGH

2380.SA

10.80

+4.35%

Rabigh Refining and Petrochemical Company announced on October 9, 2025, the resignations of Noriaki Takeshita (Vice Chairman and Audit Committee member) and Tetsuo Takahashi (Board member and Marketing Steering Committee member), effective October 8, 2025. Both resignations are connected to the completion of a share sale transaction between Saudi Aramco and Sumitomo Co., Ltd. The Board appointed Abdullah S. Al-Suwailem and Hamad Y. Al-Daghreer as non-executive board members effective October 9, 2025, to complete the current term ending November 2, 2027. These appointments require ratification at the next general assembly.

Original announcement:

https://www.saudiexchange.sa/wps/portal/saudiexchange/newsandreports/issuer-news/issuer-announcements/issuer-announcements-details/?anId=90610&anCat=1&cs=2380&locale=ar

Important Notice: The announcement information and market data in this report are sourced directly from the Saudi Exchange (Tadawul). This summary is generated by Sahm’s proprietary AI model for informational purposes only. While we strive for accuracy, it should not be construed as financial advice or an investment recommendation.