According to Al-Khaleej Al-Jadeed, some sources told Bloomberg that the Saudi oil company Aramco intends to change its finance manager and appoint “Ziad Al-Murshid” to this position. According to these sources, “Ziad Al-Murshid” will replace “Khalid Al-Dabbagh”, the finance director of Aramco. Al-Murshid, who is currently Aramco’s deputy director of fuel affairs, said he would take over as chief financial officer. Aramco, the world’s largest oil company, was listed on the Saudi Stock Exchange in late 2019 to raise $ 25.6 billion from an initial public offering, then sell more shares to supply investors, bringing the total to $ 29.4 billion.
Aramco announced last March that it had generated $ 49 billion in net profit in 2020, down 44.4 percent from a year earlier due to lower crude oil prices and the spread of the Corona virus.
Aramco is seeking money from a similar deal for its natural gas pipelines as part of its sub-asset sale program. The money raised through the sale of subsidiaries will help Aramco pay the $ 75 billion in annual cash dividends it has promised its shareholders.
