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FINANCIAL NEWS
Saudi Luberef awards Samsung expansion contract
21 Oct 2012
(MENAFN) South Korea’s Samsung Engineering has won a contract from Saudi Aramco Lubricating Oil Refining Co (Luberef) to expand an oil lubricants refinery in Yanbu, Reuters reported.
Luberef seeks to meet growing demand for lubricants in Saudi Arabia, GCC region and global markets.
Luberef’s total production at its Jeddah and Yanbu refineries would double to 1.2 million tonnes of oil lubricants annually after the expansion is completed, the company said, expecting commercial production in the fourth quarter of 2015.
Luberef is 70 percent-owned by Saudi Aramco and 30 percent by Saudi Jadwa Industrial Investment.
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BBK’s General Assembly Approves 35% Cash Dividend Distribution to Shareholders
12 Mar 2025
Mr. Yaser Alsharifi completes Harvard Business School Presidents’ Program in Leadership
19 Feb 2025
Bank of Bahrain and Kuwait BSC announces the transfer of HSBC Middle East, Bahrain Retail Business to BBK.
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