Saudi Aramco Base Oil Company’s (Luberef) $1.3 billion initial public offering (IPO) has been a success with the retail component being oversubscribed by 2.3 times and institutional order book being oversubscribed by 29.5 times.
Saudi oil giant Aramco has announced that its subsidiary, Luberef, has completed the book-building process for participating entities and is set to raise over $1.32 billion from its IPO after choosing the higher range of its share price.
Saudi oil giant Aramco has announced that its subsidiary, Luberef, has completed the book-building process for participating entities and is set to raise over SR4.95 billion ($1.32 billion) from its IPO after choosing the higher range of its share price.
Saudi oil giant Aramco has announced that its subsidiary, Luberef, has completed the book-building process for participating entities and is set to raise over $1.32 billion from its IPO after choosing the higher range of its share price.