Aramco CFO Khalid Al-Dabbagh steps down

Khalid Al-Dabbagh would be joining the firm’s board while retaining the chairmanship of Aramco unit Saudi Basic Industries Corp. (File photo)
Khalid Al-Dabbagh would be joining the firm’s board while retaining the chairmanship of Aramco unit Saudi Basic Industries Corp. (File photo)
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Updated 02 July 2021
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Aramco CFO Khalid Al-Dabbagh steps down

Aramco CFO Khalid Al-Dabbagh steps down
  • Ziad Al-Murshed takes over the role in an acting capacity

DUBAI: Saudi Aramco Chief Financial Officer Khalid Al-Dabbagh has stepped down and been replaced by Ziad Al-Murshed, who takes over the role in an acting capacity, the Saudi oil company said on Thursday.

Murshed, as acting senior vice president of finance, strategy and development, will oversee Aramco’s strategy, corporate planning & performance management, treasury, finance, accounting, reporting, investor relations, and internal controls, the statement said.

Bloomberg News reported that Dabbagh would join the firm’s board while retaining the chairmanship of Aramco unit Saudi Basic Industries Corp.