Aramco’s Luberef pays over $200m in dividends for 2025
Shareholders of Saudi oil giant Aramco’s base oil subsidiary Luberef have approved a dividend payment of SAR589 million ($157 million) for the second half of 2025.
As a result, the total dividend for last year will reach SAR757 million ($202 million), or 45 percent of the capital, the company said in a statement to the Saudi stock exchange.
During the ordinary general meeting held on Monday, shareholders also authorised the board to pay an interim dividend on a semi-annual or quarterly basis for 2026.
The company’s net profit declined 47 percent year on year to SAR110 million in the fourth quarter of 2025, as revenue fell 40 percent annually to SAR2.6 billion.
The bottom line was down 12 percent year to SAR855 million in 2025, while the top line fell 19 percent annually to SAR10 billion.
Luberef listed 30 percent of its shares in an IPO in December 2023, while Aramco owns the remaining 70 percent.
The stock closed 1.4 percent lower at SAR111.2 on Tuesday. It is up 15 percent so far this year.
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Source: AGBI