Luberef, Americana shares compliant with Shariah: Albilad Capital

14/12/2022 Argaam

Luberef, Americana shares compliant with Shariah: Albilad Capital

Logos of Saudi Aramco Base Oil Co. (Luberef) and Americana Restaurants International

Shares of Saudi Aramco Base Oil Co. (Luberef) and Americana Restaurants International are classified as compliant with Shariah, with purification rates of 0.0017 and 0.0002, respectively, Albilad Capital tweeted.

 

Retail investors started today, Dec. 14, subscription to about 12.51 million shares of Saudi Aramco Base Oil Co. (Luberef), or 25% of total offered shares, at SAR 99 each, as set by the book-building process, according to data available with Argaam.

 

Americana shares were listed and started trading on the Saudi Exchange (Tadawul) on Dec. 12, as a concurrent and dual listing in Saudi Arabia and UAE. The company floated 30%, or 2.527 billion shares, of its capital in a dual IPO on Tadawul and Abu Dhabi Securities Exchange (ADX).

 

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