Saudi Aramco gets regulator nod for Luberef IPO – Moments of India

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DUBAI: Saudi oil big Aramco‘s foundation oil subsidiary, Luberef, has obtained the eco-friendly light from the kingdom’s inventory current market regulator for an preliminary general public offering, the Money Marketplace Authority said on Thursday.
Saudi Aramco Base Oil Firm (Luberef), previously Saudi Aramco Lubricating Oil Refining Co, will offer you investors 50.045 million shares of Luberef, equivalent to 29.656% of its share money.