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Saudi Aramco, Sumitomo Chemical waive $1bn debt for Petro Rabigh

Saudi Aramco, Sumitomo Chemical waive $1bn debt for Petro Rabigh

  • Aramco and Sumitomo Chemical have each agreed to waive $500 million in revolving shareholder loans and any associated commissions
  • Debt waiver is part of broader turnaround strategy to enhance Petro Rabigh’s profitability, balance sheet, and liquidity
By Reem Walid ·

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