30 JUNE (Reuters) – Khalid al-Dabbagh, the chief financial officer of Saudi Aramco Oil Co (2222.SE), is set to step down, Bloomberg News reported on Wednesday, citing people familiar with the situation. According to the article, Ziad Al-Murshed will succeed al-Dabbagh, who led Aramco through its first public offering (IPO) in 2019. According to Bloomberg, Al-Dabbagh would join the company’s board of directors and continue his chairmanship of Aramco’s business Saudi Basic Industries Corp (2010.SE). According to the report, Aramco could announce the management change this week. After business hours, Aramco did not respond to a request for comment. Maria Ponnezhath contributed reporting from Bengaluru.
Sonya Hepinstall did the editing.
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