Sumitomo Chemical Announces Partial Sale of Petro Rabigh Shares, Furthering Strategic Realignment
Tokyo, Japan – September 1, 2025 – Sumitomo Chemical Company, Limited announced today a significant development in its ongoing strategic portfolio management, confirming the partial sale of its equity stake in Petro Rabigh, a key equity-method affiliate. This announcement, made on September 1, 2025, marks a further step in Sumitomo Chemical’s efforts to optimize its business structure and enhance shareholder value.
Petro Rabigh, a joint venture with Saudi Aramco, is a major integrated refining and petrochemical complex located in Rabigh, Saudi Arabia. Since its inception, Sumitomo Chemical has played a crucial role in the company’s development and operations, leveraging its technological expertise and global business experience.
While specific details regarding the percentage of shares sold and the financial implications of the transaction have not been disclosed in this initial announcement, the move is understood to be part of a broader strategy to streamline Sumitomo Chemical’s investment portfolio. The company has consistently communicated its commitment to focusing on core businesses and areas where it can achieve sustainable growth and competitive advantage.
This divestment is not expected to materially impact Sumitomo Chemical’s consolidated financial results for the current fiscal year. The company anticipates that the sale will contribute to a more efficient allocation of resources, allowing for greater investment in its growth initiatives and research and development activities.
Sumitomo Chemical remains a dedicated partner to Petro Rabigh and Saudi Aramco. The company will continue to collaborate with its partners to ensure the continued success and operational excellence of the Petro Rabigh complex. This strategic decision underscores Sumitomo Chemical’s proactive approach to adapting to evolving market dynamics and its unwavering commitment to delivering long-term value to all its stakeholders.
Further information regarding the transaction and its implications will be provided as appropriate through future disclosures.
（開示事項の経過）当社が保有する持分法適用関連会社ペトロ・ラービグ社株式の一部売却等に関するお知らせ
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