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

About this update from 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

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