Deals
Saudis Replace Aramco Chair With Wealth Fund Boss Before IPO
- Public Investment Fund head Yasir Al-Rumayyan to replace Falih
- Preparations for Saudi Aramco’s IPO have been accelerating
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Saudi Arabia removed Energy Minister Khalid Al-Falih from his position as Chairman of Saudi Aramco, the second time his role has been scaled back in less than a week, as the government prepares to sell shares in the state-owned oil company.