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.


Worshippers flock to reopened Prophet’s Mosque for Friday prayers

Updated 06 June 2020

Worshippers flock to reopened Prophet’s Mosque for Friday prayers

MADINAH: Hundreds of thousands of worshippers attended the first Friday prayers to be held at the Prophet’s Mosque in Madinah since the gatherings were suspended to stop the spread of the coronavirus disease (COVID-19) outbreak.

The green light for the resumption of the prayer meetings came as part of a plan to gradually reopen the Kingdom’s mosques while ensuring worshippers and visitors adhered to preventive measures.

A ban on access to the Rawdah remained in place and only groups of worshippers numbering up to a maximum of 40 percent of the mosque’s capacity were being allowed entry.

Precautionary measures also included the allocation of specific doors for the entry of worshippers, the installation of thermal cameras, removal of all carpets so that prayers could be performed on the marble, sanitization of the mosque’s floors and courtyards, periodic opening of domes and canopies to ventilate the mosque, and the removal of Zamzam water containers.

The Prophet’s Mosque in Madinah will be closed after evening prayers and reopened one hour before dawn prayers. Parking lots will operate at 50 percent capacity and a media awareness campaign has been launched to highlight safety procedures at the holy site.

Medical teams have also been stationed at the main entrances to the mosque in cooperation with the Ministry of Health.

Elsewhere in the Kingdom, worshippers also flocked to perform Friday prayers at mosques amid strict health measures.

On May 31, Saudi authorities reopened all mosques for prayers, except in Makkah, as part of the Kingdom’s plan for a gradual return to normal life.

Last week the minister of Islamic affairs, dawah and guidance said that the country’s mosques were ready to welcome back worshippers, following his field trips to check that necessary preparations had been made.

All worshippers must still maintain a distance of 2 meters between rows, wear masks to enter a mosque, and Friday sermons and prayers have been limited to a maximum of 15 minutes.