Saudi Aramco opens new hub in China

Updated 14 November 2012

Saudi Aramco opens new hub in China

DAMMAM: Saudi Aramco yesterday announced the official opening of its newest hub in the Chinese capital.
Aramco Asia, the wholly owned affiliate of Saudi Aramco will serve as the business and cultural exchange portal between Saudi Aramco and China. The move strengthens Saudi Aramco’s presence in one of the world’s fastest growing markets and underscores the strategic importance of Asia to Saudi Arabia’s fully integrated, global petroleum and chemicals enterprise.
According to a statement from the company, the new head office in Beijing will be supported by two branches in Shanghai and Xiamen.
“Aramco Asia brings together our business operations in this fast-growing region under one entity, unified in carrying out Saudi Aramco’s vision and strategy for Asia. Aramco Asia will play an important role and partake in the building blocks that will contribute to Saudi Aramco’s corporate transformation to a global leader in energy and chemicals by 2020,” said Dawood M. Dawood, vice president of Marketing, Supply and Joint Venture Coordination (MSJVC) at Saudi Aramco, who led the Saudi Aramco teams in implementing the company’s strategy in the establishment of Aramco Asia.
More than 300 distinguished guests, including Chinese government officials, diplomats, top executives of energy companies, veteran energy experts and researchers from Chinese academia and institutions, as well as Saudi Aramco and Aramco Asia’s long-term partners, attended the inauguration ceremony in Beijing.


Saudi Arabia’s first female CEO makes Forbes 100 most powerful women

Updated 2 min 29 sec ago

Saudi Arabia’s first female CEO makes Forbes 100 most powerful women

Saudi Arabia’s first female CEO is named in Forbes 100 most powerful women in the world for a second time.

Rania Nashar, Samba Financial Group CEO, was ranked 97th in the list that also included 16-year-old climate change activist Greta Thunberg.

The list also included the United Arab Emirates’ Raja Easa Al-Gurg ranked at 84. The Emirati, who is a Board Member of the Dubai Chamber of Commerce and Industry, was also featured in the list in 2017.

The top 10 in the list included German Chancellor Angela Merkel and Christine Lagarde, who was newly appointed president of the European Central Bank.