Announcement of the final price for the initial public offering of Saudi Aramco Base Oil Company - Luberef
HSBC Saudi Arabia, SNB Capital, Citigroup Saudi Arabia, 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 successful completion of the book-building process for the Participating Parties tranche and the setting of the final offer price at SAR 99.00 per share with a coverage ratio of 29.5x of the total offer shares.
The Individual Investors tranche subscription process will commence on Wednesday, 14/12/2022G and ends at 5:00 PM KSA time on Sunday, 18/12/2022G. A maximum 12,511,250 Offer Shares, representing 25% of the total Offer Shares, will be allocated to Individual Investors.
For more information, please visit the Capital Market Authority website (www.cma.org.sa) and the Company website (www.luberef.com)
Date: 13 December 2022