Here are key dates for Luberef's retail offering

14/12/2022 Argaam Special

Here are key dates for Luberef's retail offering

Logo of Saudi Aramco Base Oil Co. (Luberef)

Retail investors will start today, Dec. 14, subscription to 12.51 million of Saudi Aramco Base Oil Co. (Luberef) shares at SAR 99 each on the Saudi Exchange (Tadawul).

 

The subscription period will extend for five days until Dec. 18.

 

Luberef offered 50.04 million ordinary shares, or 29.66% of capital, 25% of which was allocated for retail investors and the remaining 75% for institutions, Argaam earlier reported.

 

Important Dates

Retail Offering

From Dec. 14-18, 2022

Deadline for Subscription Applications

Dec. 18

Final Allocation

Dec. 22, 2022

Surplus Refunds

Dec. 28, 2022

Expected Date of Debut

After fulfilling all regulatory approvals

 

 

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