Aramco’s lock-up in Luberef shares ends today

02/07/2023 Argaam
Logo ofSaudi Aramco Base Oil Co. (Luberef)

Logo of Saudi Aramco Base Oil Co. (Luberef)

The lock-up period on Saudi Aramco Base Oil Co.’s (Luberef) major shareholder, Saudi Arabian Oil Co. (Saudi Aramco), ends today, July 2 – six months after its shares were listed on the Saudi Exchange (Tadawul) on Dec. 28, 2022.

 

The lock-up was imposed on the major shareholder owning a 70% stake, or 118.13 million shares of Luberef’s total share capital of 168.75 million.

 

The major shareholder may now dispose of its shares without prior approval from the Capital Market Authority (CMA).

 

Luberef's Major Shareholder

Shareholders

Post IPO

Number of Shares

(mln shares)

Stake (%)

Saudi Aramco

118.13

70%

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