2223 · 01/01/2026 16:02:43 · Announcement #92409 · View on Saudi Exchange

Saudi Aramco Base Oil Company – Luberef announces the completion of its Scheduled Turnaround at Yanbu Facility

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Introduction Saudi Aramco Base Oil Company – Luberef (“Luberef” or the “Company”) is pleased to announce the completion of its Scheduled Turnaround at Yanbu Facility, which is considered the largest in the Company’s history, and it was carried safely and successfully. The turnaround, which started from 15th of November 2025 until 31st of December 2025, was executed according to the approved plan, and start-up activities commenced as scheduled on 1st of January 2026.

All planned maintenance activities were completed including catalysts replacement in multiple units of the Facility, which will enhance operational efficiency, improve asset reliability, and support the Company’s strategic objectives. This turnaround is pivotal to achieving Luberef’s growth targets in the future. Previous Announcement Saudi Aramco Base Oil Company - Luberef announces its Scheduled Turnaround for the Yanbu Facility. Date of Previous Announcement on Saudi Exchange’s Website 2025-11-12 Corresponding to 1447-05-21 Hyperlink to the Previous Announcement on the Saudi Exchange Website Click Here Latest Developments Of The Announced Event Luberef announces the completion of the scheduled major turnaround activities at its Yanbu Facility, with start-up operations commencing as planned. The costs associated with the event, and if they have changed or not with indication of the reasons. The financial impact of this Scheduled Turnaround is expected to be reflected in the Company’s 4th Quarter, 2025 financial results.

The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.