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Luberef signed a memorandum of understanding with Saudi Aramco to study the establishment of a base oils plant in Jazan. This is a strategic step to boost Group III production and support the national economy.

Luberef announced the successful completion of the largest periodic maintenance at the Yanbu facility and the commencement of operations on January 1, 2026, including changes to catalysts to enhance operational efficiency and support strategic plans.

Asas Makin renews a credit facility agreement with Bank Al-Jazira worth 200 million riyals to finance the purchase of land and the development of real estate projects as part of its expansion in the Saudi market.

Marafiq announced that it has received a notification from Aramco regarding adjustments to energy product prices starting in 2026, estimating the financial impact at a 5.6% increase in the cost of sales, with plans to improve efficiency.

Asas Makin Company receives invoices for white land fees worth 1.65 million riyals and announces its intention to object, confirming that its lands are under development and the system does not apply to them.

Details of Al-Rashid Company’s announcement regarding the deposit of fractional share amounts resulting from the capital increase into shareholders’ accounts, with an average selling price of 78.10 riyals per share.

Al Khuzama Trading Company announced the awarding of a catering services agreement to the Ministry of Finance. Learn about the contract details, the expected signing date, and its economic impact.