Luberef approves early partial repayment of SAR 937.5M loan

Logo of Saudi Aramco Base Oil Co.

Saudi Aramco Base Oil Co.’s (Luberef) board of directors approved the early repayment of a part of its existing loans amounting to SAR 937.5 million.

The step comes as part of the board’s emphasis on improving the company’s financial efficiency, reducing costs, and optimizing the use of available cash, according to a statement to Tadawul.

This proactive measure demonstrates the company's strong financial performance, leading to a positive impact on its financial results, the statement added.