Saudi Aramco Base Oil Company announcement of its offering price range

Saudi Aramco Base Oil Company announcement of its offering price range

RIYADH – Saudi Aramco Base Oil Company – Luberef (“Luberef” or the “Company”), one of the largest base oils producers in the world and the leading base oils producer in the Kingdom of Saudi Arabia (the “Kingdom”), today announces the price range for its initial public offering (“IPO” or the “Offering”) as well as the commencement of the book-building process for Participating Parties.

The price range for the Offering has been set between SAR 91 and SAR 99 per share (the “Price Range”). The book-building process for Participating Parties commences today, Sunday 4 December 2022G, and lasts for a period of six days ending on Friday 9 December 2022G. The final pricing of the Offer Shares will be announced on Sunday 11 December 2022G, after the end of the book-building period.

After the determination of the final price, the individual investors subscription will start. The offering period for Individual Investors will be for five days, commencing on Wednesday 14 December 2022G and ending at 5 pm on Sunday 18 December 2022G.

More information about the Company, the Offering and the subscription process is available in the Offering prospectus dated 24 December 2022G.

Background to the Offering:

· The CMA and Saudi Exchange approvals have been