Saudi Aramco Base Oil Company – Luberef announces its Board of Directors' approval for the early partial repayment of its loan facility by SAR 937.5 million

Saudi Aramco Base Oil Company – Luberef announces its Board of Directors' approval for the early partial repayment of its loan facility by SAR 937.5 million

28 February 2024 07:43 AM

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Announcement Detail

In line with the Board of Directors' emphasis on improving financial efficiency, reducing costs, and optimizing the use of available cash, Saudi Aramco Base Oil Company - Luberef announces the Board of Directors approval for early repayment of part of its existing loans amounting to 937.5 million Saudi Riyals. This proactive measure demonstrates the company's strong financial performance, leading to positive impacts on its financial results.

Saudi Aramco Base Oil Company - Luberef announces its Board of Directors' approval for the early partial repayment of its loan facility by SAR 937.5 million