Middle East News 247

Saudi Aramco appoints new CEO for $500m investment arm

Saudi Aramco appointed a new chief executive officer to run its $500m venture capital and investments arm after the previous head departed, according to people with knowledge of the situation.

Mahdi Aladel, who formerly led the state energy producer’s base oils and lubricants division, will take over as CEO of Saudi Aramco Energy Ventures (SAEV), according to…

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