CEO of Aramco’s $ 500 million investment arm to step down – EnerCom Inc.

CEO of Aramco’s $ 500 million investment arm to step down – EnerCom Inc.

Petroleum gas

Following a series of changes in its management team, Saudi Aramco has appointed a new CEO for its investment arm, Bloomberg reported, citing anonymous sources.

Mahdi Aladal, who previously headed Aramco’s base oils and lubricants division, will become CEO of Saudi Aramco Energy Ventures (SAEV), as former CEO Majid Mufti has reportedly stepped down.

Majid Mufti, former CEO of…

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