Transport minister Nabeel Al-Amoudi joins Saudi Aramco board
Earlier governor of PIF HE Yasir Al-Rumayyan was appointed as chairman of Aramco's board of directors
Saudi Arabia's cabinet chaired by, Custodian of the Two Holy Mosques, King Salman bin Abdulaziz Al Saud, has appointed the kingdom’s Minister of Transport, HE Dr. Nabeel Mohamed Al-Amoudi as a member of the board of directors of Saudi Aramco, the world’s largest oil producer, the country’s Saudi Press Agency reported.
Al-Amoudi’s appointment is the latest in a string of developments, ahead of Saudi Aramco’s planned initial public offering (IPO).
The news comes a day after HE Yasir Al-Rumayyan, advisor to the General Secretariat of the Council of Ministers and governor of the kingdom’s Public Investment Fund — chaired by HRH Prince Mohammed Bin Salman, Crown Prince, Deputy Prime Minister, and Minister of Defence of Saudi Arabia — was appointed as the chairman of Aramco's board of directors, replacing HE Khalid bin Abdulaziz Al-Falih, Minister of Energy.
According to Aramco’s website, Al-Amoudi — who holds a doctorate in law from Harvard Law Schools and bachelor’s in chemical engineering from Stanford University — also serves as chairman of the board of directors of the General Authority of Civil Aviation, Public Transport Authority, Saudi Ports Authority, Saudi Railways Organisation, and Saudi Railways Company.