Dubai, Saudi oil giant aramcoBase oil subsidiary of luberefhas received the green light from the state’s stock market regulator for an initial public offering capital market authority said on Thursday.
Saudi Aramco Base Oil Company (Lubaref), formerly Saudi Aramco Lubricating Oil Refining Company, will offer investors 50.045 million shares of Lubaref, equivalent to 29.656% of its share capital.
Saudi Aramco Base Oil Company (Lubaref), formerly Saudi Aramco Lubricating Oil Refining Company, will offer investors 50.045 million shares of Lubaref, equivalent to 29.656% of its share capital.