Luberef names Yasser Mufti new Chairman as Al Buainain resigns
31/05/2026
Argaam

Logo of Saudi Aramco Base Oil Co. (Luberef)
Saudi Aramco Base Oil Co. (Luberef) said Chairman Ibrahim Al-Buainain resigned on May 21, due to personal reasons.
In a statement to Tadawul, the company said the board appointed Yasser Mufti as a board member and Chairman to complete the current term, which ends on Aug. 14, 2027.
Mufti was appointed at a board meeting held on May 22. The appointment remains subject to approval by the company's shareholders in the upcoming meeting.
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