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Saudi Arabia replaces Aramco chairman with head of PIF: Bloomberg

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Via Reuters Finance

FILE PHOTO: Saudi Arabia’s Public Investment Fund (PIF) managing director Yasir al-Rumayyan speaks at the Bloomberg Global Business Forum in New York City, U.S., September 20, 2017. REUTERS/Brendan McDermid

DUBAI (Reuters) – Saudi Arabia has named Yasir al-Rumayyan, head of the kingdom’s sovereign wealth fund, known as the PIF, as the chairman of state oil giant Aramco, replacing Energy Minister Khalid al-Falih, Bloomberg reported on Monday, citing an unnamed Saudi official.

Reporting by Rania El Gamal; editing by David Evans

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