Petro Rabigh CEO joins GPCA board as analysts raise target for Petro Rabigh stock

Published on 10/09/2026 at 13:10 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Target rose to SAR 20.40 from SAR 16.32 on September 22, 2026. For Petro Rabigh stock this means SAR 2.66 billion net income.

Petro Rabigh CEO Hassan H. Al-Yami joined the GPCA Board on September 25, 2026.
The average analyst target rose 25.00 percent to SAR 20.40 from SAR 16.32.
Second-quarter 2026 net income reached SAR 2.66 billion and revenue SAR 20.37 billion.
The last primary-market quote was SAR 16.70 on Tadawul on October 8, 2026.
Petro Rabigh stock was 11.03 percent below its SAR 18.77 52-week high.

Petro Rabigh, SA120GAH5617, Illustration mit AI erstellt.

Petro Rabigh CEO Hassan H. Al-Yami joined the GPCA Board on September 25, 2026, while the average analyst target had risen to SAR 20.40 from SAR 16.32 on September 22, 2026. GPCA reported the board appointment, and Fintel said the target increase represented 25.00 percent.

Three dates show the turnaround

The chronology starts with July 27, 2026, when Petro Rabigh reported second-quarter revenue of SAR 20.37 billion and net income of SAR 2.66 billion. The Saudi Exchange lists the interim results for the six months ended June 30, 2026. On September 22, 2026, Fintel recorded the average target at SAR 20.40, up from SAR 16.32. On September 25, 2026, GPCA announced Al-Yami's appointment to its board and noted his more than 30 years of sector experience.

What does the profit rebound change?

Net income increased from SAR 1.47 billion in the first quarter of 2026 to SAR 2.66 billion in the second quarter, a sequential rise of 81.44 percent. Revenue also increased from SAR 14.85 billion to SAR 20.37 billion over the same periods, while second-quarter earnings per share reached SAR 1.59.

The improvement gives the target revision a clearer operating backdrop, but the company remains exposed to refining and petrochemical margins. The 2026 second-quarter balance sheet showed total assets of SAR 69.38 billion and total debt of SAR 22.20 billion, keeping financing costs relevant to the recovery story.

Stock remains below its yearly high

Petro Rabigh stock was last at SAR 16.70 on Tadawul on October 8, 2026 at 3:18 p.m. AST, down 1.59 percent from the prior close of SAR 16.97. The price stood 11.03 percent below the SAR 18.77 52-week high and above the SAR 6.36 low. Market capitalization was SAR 27.9 billion on October 8, 2026.