SUBSCRIBE

CATEGORIES

Aramco’s CFO Khalid al-Dabbagh set to step down -Bloomberg

imageCommodities24 minutes ago (Jun 30, 2021 03:26PM ET)

(C) Reuters. FILE PHOTO: Saudi Aramco logo is pictured at the oil facility in Abqaiq, Saudi Arabia October 12, 2019. REUTERS/Maxim Shemetov

(Reuters) -Saudi Aramco (SE:2222) Oil Co’s Khalid al-Dabbagh is set to step down as chief financial officer of the oil giant, Bloomberg News reported https://www.bloomberg.com/news/articles/2021-06-30/finance-chief-who-steered-saudi-aramco-through-ipo-to-step-down?sref=SCAzRb9t on Wednesday, citing people familiar with the matter.

Ziad Al-Murshed will replace al-Dabbagh, who helped in leading Aramco through its initial public offering (IPO) in 2019, the report said.

Al-Dabbagh will join the firm’s board and retain the chairmanship of Aramco’s unit Saudi Basic Industries Corp, Bloomberg said.

Aramco could announce the management change this week, the report added.

Aramco did not respond to a request for comment after business hours.

Aramco’s CFO Khalid al-Dabbagh set to step down -Bloomberg

Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.