Riyadh-Mubasher: Rabigh Refining and Petrochemical Co. (Petro Rabigh) recorded net losses of SAR 1 billion in the fourth quarter of 2015, rising 410% compared with SAR 198 million in the year-earlier period.
The company also recorded net losses of SAR 759 million in the 12-month period, against earnings of SAR 681 million a year earlier.
The company ascribed its losses in Q4 and FY15 to the shutdown of the industrial complex for scheduled maintenance.
