Yasir Othman Al-Rumayyan, chairman of Saudi Aramco

Yasir Othman Al-Rumayyan, chairman of Saudi Aramco. (Supplied)
Updated 04 September 2019

Yasir Othman Al-Rumayyan, chairman of Saudi Aramco

  • Al-Rumayyan was the CEO of Saudi Fransi Capital LLC between 2011 and 2015 and is a former member of the board of directors of the Saudi Stock Exchange (Tadawul)

Yasir Othman Al-Rumayyan has been appointed chairman of Saudi Aramco, the world’s biggest oil company, replacing Khalid Al-Falih, who held the position since 2015.
Al-Rumayyan was appointed a member of the company’s board of directors in 2016.
“This comes as an important step to prepare the company for the public offering, wishing him every success,” Al-Falih said in a tweet congratulating Al-Rumayyan.
Aramco’s new chairman has been the governor of the Saudi Public Investment Fund (PIF) since 2017. He was appointed an adviser to the Royal Court in 2015 and is a board member at the US transportation network company Uber Technologies Inc. and the Japanese multinational SoftBank Group.
In May 2016, he became an adviser to the Saudi Cabinet, then a board member of the Saudi Industrial Development Fund (SIDF).
Al-Rumayyan was the CEO of Saudi Fransi Capital LLC between 2011 and 2015 and is a former member of the board of directors of the Saudi Stock Exchange (Tadawul).
He began his career at Saudi Hollandi Bank as head of international brokerage between 1999 and 2004, before joining the Capital Markets Authority (CMA) as the head of securities listings.
Al-Rumayyan received his undergraduate studies in accounting from King Faisal University in 1993 and completed his general management program at Harvard Business School in 2007.
With many ways of delivering value from a barrel of oil, Saudi Aramco has moved beyond traditional markets and uses for oil and gas.
The company is also investing in new technological solutions to achieve efficient production and consumption of oil, including enhancing the efficiency and sustainability of transportation with new high-performance engines and fuels.


Penguins and an ice rink to be part of Riyadh’s winter show

More than 300 trailers have been shipped from all over Europe to Riyadh for the English-style winter carnival. (AN photo/Ziyad Alarfaj)
Updated 1 min 59 sec ago

Penguins and an ice rink to be part of Riyadh’s winter show

  • More than 250 workers are busy setting it up in one of Riyadh’s busiest areas

RIYADH: Snow parks, penguins and ice-skating rinks are common winter attractions in cities with the weather to match — but Riyadh?

Still, there’s a first time for everything, and Riyadh Season is giving the Saudi capital the opportunity to prove it with the opening on Oct. 20 of Winter Wonderland.

More than 300 trailers have been shipped from all over Europe to Riyadh for the English-style winter carnival, and more than 250 workers are busy setting it up in one of Riyadh’s busiest areas.

The site, against the stunning backdrop of the King Abdullah Financial District skyscrapers, will accommodate up to 40,000 visitors a day. “It is challenging, but it is wonderful to be here,” events director Edward Mellors told Arab News. “We are really enjoying it. It’s nice to be involved in bringing such a big project to a country like this.”

As well as the snow park, the ice rink and the penguins, attractions include a Marvel excursion, with Iron Man and other superheroes from the franchise.

“We have been sourcing these rides from all over the world, getting them together and making lots of deals, getting them on ships,” said Mellors. “I can’t think of any one challenge that has been the biggest, but with all of them put together, it has been a mountain.”