Aramco's CFO to become SABIC chairman - report - Breaking The News

Aramco's CFO to become SABIC chairman - report

16 June

1 min read

EPA-EFE/ALI HAIDER

Saudi Aramco's Senior Vice President of Finance, Strategy and Development, Khalid H. Al-Dabbagh, will become the chairman of the Saudi Basic Industries Corp. (SABIC), Energy Intelligence's Amena Bakr reported on Tuesday citing unnamed sources.

Al-Dabbagh has been working as a high-ranking financial official at Aramco for more than eight years, while he assumed his current role on September 1, 2018.

Last week, Aramco completed the acquisition of a 70% stake in SABIC in a deal worth a total of $69.1 billion.

oil saudi aramco sabic

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