Petro Rabigh repays SAR 21.9 bln loans related to Phase 1 of industrial complex

20/12/2021 Argaam

Petro Rabigh logo

Rabigh Refining and Petrochemical Co. (Petro Rabigh) announced that it completed the full repayment of commercial loans related to Phase 1 of the industrial complex, amounting to SAR 21.9 billion, the firm said in a statement to Tadawul.

 

The loans were repaid today, Dec. 20, as per the scheduled payment plan.

 

Phase 1 of the project was inaugurated back in 2009 to further increase the country's annual production capacity of petrochemical and refined products.

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