Loifree to pay 673M riyals in mid-2026 dividends
Aramco Base Oils (Luberef) has decided to distribute a cash dividend of 673.06 million riyals for the first half of 2026, at a rate of 4 riyals per share, representing 40% of the share's nominal value. The eligibility to receive the dividends will be for shareholders who own shares as of Thursday, October 1, 2026, with the dividend payments scheduled to commence on October 15, 2026. The company emphasized the importance of updating the information of non-resident shareholders and linking their bank accounts to ensure the dividends are deposited, noting that a withholding tax of 5% will be applied to non-resident investors.
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