January · Strengthening Safety Leadership
Luberef achieved ISO 45001 certification for its Health and Safety Management Systems, reaffirming its commitment to world-class safety practices. This certification reflects a proactive approach to risk management and a continued focus on creating safe, efficient, and reliable operations.
February · Recognition for Investor Transparency
Luberef earned First Place in the Sultan Aldugaither Mid-Cap Investor Relations Program Award, in addition to being recognized as the Best Investor Relations Programme of the Year (Mid Cap) at the Saudi Capital Market Awards 2024. These recognitions demonstrate Luberef’s consistent communication and transparency with the investment community.
May · Advancing Inclusion and Equal Opportunity
A cooperation agreement with Qaderoon marked an important step toward integrating individuals with disabilities into the workforce. The initiative supports Saudi Vision 2030 and reflects Luberef’s belief that diversity and inclusion are essential to long-term organizational strength.
June · Expanding Regional Reach
Luberef signed a long-term supply agreement with a leading international oil company in Egypt, opening new growth opportunities across the African market. The partnership strengthens Luberef’s export base and supports its strategy to extend market presence beyond the GCC.
August · Enhancing Efficiency and Cost Stability
Through a Contract of Affreightment with Bahri, Luberef optimized its shipping operations, improving cost predictability and supply reliability.
September · Strengthening Downstream Integration
A new ultra-low-sulfur diesel (ULSD) sales agreement with Saudi Aramco expanded Luberef’s customer base under improved commercial terms. This milestone enhances by-product margins and supports greater integration across the energy value chain.
October · Social Efforts Recognition
Luberef also received a Silver Award for Corporate Social Responsibility (CSR) from the Saudi Ministry of Human Resources and Social Development, marking the second consecutive year the company has been recognized for its community-focused initiatives
December · Jeddah Supply Extension
Luberef has received notices from the Ministry of Energy regarding the continuation of the Jeddah feedstock allocation beyond 2026. This development supports the Company’s ongoing efforts to extend operations at the Jeddah facility and maintain its leadership position in the Group I base oils market.