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Asharq Al-Awsat
Asharq Al-Awsat
Business
Riyadh - Asharq Al-Awsat

Saudi Aramco's Luberef Set for IPO

Aramco Luberef Saudi Aramco IPO
Aramco's base oil subsidiary, Luberef, has won approval from the Kingdom's stock market regulator, Capital Market Authority (CMA), to launch its IPO. (Asharq Al-Awsat)

Saudi Al-Ahli Tadawul announced a potential initial public offering (IPO) for one of Saudi Aramco's subsidiaries.

Ahli Capital announced its capacity as the underwriting manager, financial advisor, institutional underwriting book manager, international coordinator, and underwriter of Citigroup Saudi Arabia, HSBC Saudi Arabia, and Morgan Stanley Saudi Arabia as the financial advisers, global coordinators, and underwriters of public offerings.

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