Aramco appoints head of Saudi Arabia's sovereign fund as chairman

Author: Jonathan Lopez


LONDON (ICIS)--Saudi Aramco has appointed Yasir Al-Rumayyan as its new chairman as the crude oil major prepares for a stock exchange listing.

Al-Rumayyan (pictured) is also the head of Saudi Arabai's Public Investment Fund (PIF).

He succeeds Khalid al-Falih, who is Saudi Arabia's energy minister.

Aramco is the world’s top oil producing company and is mulling a partial initial public offering (IPO) by 2020-2021.

Picture source: Aramco