A look at receiving banks for Luberef IPO

14/12/2022 Argaam Special
Logo ofSaudi Aramco Base Oil Co. (Luberef)

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, as determined by the book-building process.

 

Luberef offered 50.04 million ordinary shares, or 29.66% of capital of SAR 1.687 billion (168.75 million shares).

 

The receiving banks are Saudi National Bank (SNB), Al Rajhi Bank, Riyad Bank, Alinma Bank, Arab National Bank (ANB), Saudi Investment Bank (SAIB), Bank Albilad, Banque Saudi Fransi (BSF), Saudi British Bank (SABB), Bank AlJazira, and Meem by Gulf International Bank (GIB).

 

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