CEO of Aramco’s $500 million investment arm reportedly steps down
Oil & Gas Following a series of changes in its management team, Saudi Aramco has appointed a new CEO for its investment arm, Bloomberg reported, citing anonymous sources. Mahdi Aladal, who previously headed Aramco’s base oils and lubricants division, will become the CEO of Saudi Aramco Energy Ventures (SAEV), as former CEO Majid Mufti reportedly stepped down from the role.