Saudis Replace Aramco Chair Khalid Al-Falih With Wealth Fund Boss Yasir Al-Rumayyan Before IPO - Bloomberg:
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. He will be replaced by Yasir Al-Rumayyan, head of the sovereign wealth fund. Matthew Martin reports on "Bloomberg Daybreak: Europe." (Source: Bloomberg)
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