What profit did 1MDB claim from the PetroSaudi deal?

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1MDB Reported a Profit of US$488 Million from the PetroSaudi Deal

1Malaysia Development Berhad (1MDB) has reiterated its stance that it fully recovered its investment from its former joint venture with PetroSaudi International Ltd, reporting a profit of US$488 million (RM1.77 billion) from the transaction. This statement comes amidst media reports alleging impropriety in the multi-billion dollar deal.
Full Investment Recouped

1MDB stated that it exited the relationship with PetroSaudi International in 2012. At the time of exit, the fund claimed to have received its entire investment back, alongside a profit of US$488 million, which equates to RM1.77 billion.
Transaction Details Verifiable

The state investment fund indicated that all facts and details pertaining to this transaction are publicly accessible. These details can be verified by referencing 1MDB's audited accounts, which are available on the Suruhanjaya Syarikat Malaysia (Companies Commission) website.
Allegations of Siphoned Funds

Recent media reports, including those from The Sunday Times in collaboration with Sarawak Report, have alleged impropriety in the 2009 joint venture. These reports, citing leaked documents and emails, accused Malaysian businessman Low Taek Jho, also known as Jho Low, of siphoning off US$700 million (RM2.5 billion) from 1MDB and using PetroSaudi as a front. PetroSaudi International has denied these claims.

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What profit did 1MDB claim from the PetroSaudi deal?

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