Wed. Dec 7th, 2022

DUBAI: base oil subsidiary of Saudi oil giant Aramco, luberefhas received the green light from the kingdom’s stock market regulator for an initial public offering, the Capital Market Authority he said on Thursday.
Saudi Aramco Base Oil Company (Luberef), formerly Saudi Aramco Lubricating Oil Refining Co, will offer investors 50.045 million shares of Luberef, equivalent to 29.656% of its share capital.

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