# Saudi ​Arabian ​Oil Co: ‌SAUDI ARAMCO - ‌ARAMCO AND PETRONAS ANNOUNCE ‌TRANSFER OF FULL OWNERSHIP OF PREFCHEM TO PETONAS.

*business · news · 2026-05-25 · Devdiscourse*

## Key points

- Petronas has acquired full ownership of PRefChem from Saudi Aramco.
- The transfer makes PRefChem a wholly owned subsidiary of Petronas Group.
- Saudi Aramco and Petronas will continue exploring strategic cooperation after the ownership transfer.
- The transaction terms for Aramco's equity transfer to Petronas were mutually agreed.

**Companies:** Saudi Arabian Oil Co, Petronas
**Countries:** Saudi Arabia, Malaysia

[Read the full story on Devdiscourse](https://www.devdiscourse.com/article/headlines/3921146-brief-saudi-aramco-and-petronas-announce-transfer-of-full-ownership-of-prefchem-to-petronas)

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