Khalid Al-Dabbagh, Aramco executive

Khalid Al-Dabbagh
Updated 18 August 2019

Khalid Al-Dabbagh, Aramco executive

  • Al-Dabbagh received his bachelor’s degree from the University of Toledo in industrial engineering
  • He has also completed several executive leadership programs

Saudi Aramco’s board of directors appointed Khalid H. Al-Dabbagh as the senior vice president of finance, strategy, and development on Sept. 1, 2018. 

Al-Dabbagh received his bachelor’s degree from the University of Toledo in industrial engineering.

He has also completed several executive leadership programs, including at the London Business School.

Throughout his career Al-Dabbagh, has held important positions. He was manager of Saudi Aramco’s crude oil sales and marketing and director of joint venture development and support.

In 2003, he became the president and CEO, a position he maintained until 2006. He was also acting executive director of marketing, supply, and joint venture coordination.

In September 2008, he became the manager of business analysis department at corporate planning.

In February 2010, he became acting head of treasury and then after nine months he assumed the full role.

In January 2012, he became the controller of the company’s finances. He was also responsible for Saudi Aramco’s global accounting activities, issuance of the annual financial report and the maintenance of effective internal controls.

Al-Dabbagh also oversaw annual operating and capital budgeting processes, and the evaluation of proposed investments by the company.

He also represents Saudi Aramco on the Board of Governors of the GCC Board of Directors Institute.

On Aug. 12, Saudi Aramco proved itself the most profitable company in history with financial figures that beat all its competitors.

There was speculation about Aramco buying a 20 percent stake in the business for about $15 billion, but Al-Dabbagh declined to confirm and said talks with Reliance were at “an early stage.”

He was speaking on a conference call with investment analysts in which he revealed that the upgrade to the Kingdom’s east-west pipeline, aiming to increase capacity from 5 million to 7 million barrels per day amid security concerns in the Arabian Gulf, would be finished next month.

Arab coalition: Iran provided weapons used to attack Saudi Aramco sites

Updated 47 sec ago

Arab coalition: Iran provided weapons used to attack Saudi Aramco sites

  • US official says all options, including a military response, are on the table
  • Washington blames Iran for the attack on an oil processing plant and an oil field

RIYADH: Iran provided the weapons used to strike two Saudi Aramco facilities in the Kingdom, the Arab coalition fighting in Yemen said Tuesday.

“The investigation is continuing and all indications are that weapons used in both attacks came from Iran,” coalition spokesman Turki Al-Maliki told reporters in Riyadh, adding they were now probing “from where they were fired.”

The coalition supports the Yemen government in the war against the Iran-backed Houthi militants, which claimed they had carried out the attack on Saturday.

US officials have said Iran was behind the attack on an oil processing plant and an oil field, and that the raid did not come from Yemen, but from the other direction.

“This strike didn't come from Yemen territory as the Houthi militia are pretending,” Maliki said, adding that an investigation was ongoing into the attacks and their origins.

The Houthis have carried out scores of attacks against Saudi Arabia using drones and ballistic missiles.

Al-Maliki labelled the Houthis “a tool in the hands of the Iranian Revolutionary Guards and the terrorist regime of Iran.”

The attacks against Abqaiq, the world's largest oil processing facility, and the Khurais oil field in eastern Saudi Arabia knocked out nearly half of Saudi Arabia’s oil production.

Oil prices rocketed on Monday after the strikes.

Iran has denied involvement, something Trump questioned Sunday in a tweet saying “we'll see?”

On Sunday, the US president raised the possibility of military retaliation after the strikes, saying Washington was “locked and loaded” to respond.

The US has offered a firm response in support of its ally, and is considering increasing its intelligence sharing with Saudi Arabia as a result of the attack, Reuters reported.

A US official told AP that all options, including a military response, were on the table, but added that no decisions had been made.

The US government late Monday produced satellite photos showing what officials said were at least 19 points of impact at the oil processing plant at Abqaiq and the Khurais oil field. Officials said the photos show impacts consistent with the attack coming from the direction of Iran or Iraq, rather than from Yemen to the south.

Iraq said the attacks were not launched from its territory and on Sunday Prime Minister Adel Abdul-Mahdi said US Secretary of State Mike Pompeo had told him that Washington possesses information that backs up the Iraqi government’s denial.

Condemnation of the attacks continued from both within Saudi Arabia and from around the world.

Saudi Arabia’s Shura Council called Tuesday for concerted efforts to hold those behind the attacks accountable.

Meanwhile, the UN’s special envoy to Yemen Martin Griffiths said the attacks on Abqaiq and Khurais had consequences well beyond the region and risked dragging Yemen into a “regional conflagration.”