Saudi Banker’s Rise to Top Aramco Job Tracks Prince’s Own Ascent - Bloomberg:
If ever there was a doubt that Yasir Al-Rumayyan belonged to Crown Prince Mohammed bin Salman’s innermost circle, a photo that went viral in December in Saudi Arabia removed it.
It showed the two of them with five others on Mount Lawz, in the northwestern part of the country, in baseball caps, shorts and t-shirts, prompting Saudi-watchers to call them “hiking bros.”
More evidence of Al-Rumayyan’s rising clout emerged last week when the former banker, who heads the country’s about $320 billion sovereign wealth fund, was appointed chairman of oil producer Saudi Aramco. Al-Rumayyan will be stepping into what’s arguably the country’s top corporate job as the world’s most profitable company prepares for what may be the biggest initial public offering ever.
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