Securities

Announcement of Saudi Aramco Base Oil Company - Luberef intention to proceed with an initial public offering and listing on the Main Market of the Saudi Exchange

HSBC Saudi Arabia, Citigroup Saudi Arabia, SNB Capital , and Morgan Stanley Saudi Arabia in their capacity as Financial Advisors, Book-runners, Global Coordinators and Underwriters on the potential initial public offering of Saudi Aramco Base Oil Company - Luberef (“Luberef” or the “Company”) announce the Company’s intention to proceed with the initial public offering and listing of its ordinary shares (“Shares”) on the Main Market of the Saudi Exchange, where offering is expected to comprise a sale of existing shares and result in a free float of 29.6562963% of the Company’s share capital.

The Saudi Exchange approved the Company’s application for the listing of the Shares on the Main Market on the 24th of November 2022G and the Capital Market Authority (“CMA”) approved the Company’s application for the initial public offering of 50,045,000 ordinary shares (representing 29.6562963% of the Company’s share capital) on 24th of November 2022G. The price at which all subscribers in the offering will purchase the Shares will be determined after the book-building period.

 

For more information, please visit the Capital Market Authority website (www.cma.org.sa) and the Company website (www.luberef.com) where the Offering Prospectus will be published.

ITF

Date: 4 December 2022