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 Amaco), ends today, July 2 – six months after its shares 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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