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

imageCommodities45 minutes ago (Jul 01, 2021 01:05AM 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) -Aramco’s Khalid al-Dabbagh is set to step down as chief financial officer of the Saudi Arabian oil giant, Bloomberg News reported on Wednesday, citing people familiar with the matter.

Ziad Al-Murshed will replace al-Dabbagh, who helped in leading Aramco (SE:2222) through its initial public offering in 2019, according to the report. (https://bloom.bg/361YINo)

Aramco could announce the management change this week, Bloomberg News said.

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

Aramco declined to comment.

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

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