Saudi Aramco Base Oil Company - LuberefTADAWUL: 2223

Saudi's Luberef rises on sealing 20-year diesel deal with Aramco

· Issued by Saudi Aramco Base Oil Company - Luberef

By Amna Mariyam

** Shares of Saudi Aramco Base Oil Co - Luberef TADAWUL:2223 rose as much as 4.2% to 92.45 riyals, highest level in nearly a month

** Stock among top gainers on Saudi benchmark TADAWUL:TASI, which falls 0.4%

** Gains follow 20-year agreement to supply up to 6,500 barrels/day Ultra Low Sulfur Diesel to Saudi Aramco TADAWUL:2222 from late 2025

** Deal pricing tied to market rates; financial benefits expected from Q4 2025

** Four brokerages rate the stock "buy" or higher, while one suggests "hold"; median PT is 118.05 riyals - data compiled by LSEG

** As of last close, however, stock is down 20.7% YTD