Aramco’s Khalid al-Dabbagh is set to step down as chief financial officer of the Saudi Arabian oil giant, Bloomberg News reported on Wednesday, citing people familiar with the matter.
Ziad Al-Murshed will replace al-Dabbagh, who helped in leading Aramco through its initial public offering in 2019, according to the report. Aramco could announce the management change this week, Bloomberg News said.
Al-Dabbagh will join the firm’s board and retain the chairmanship of Aramco’s unit Saudi Basic Industries Corp , the report added.
