Saudi Aramco appoints new CEO for trading unit

Aramco says Ibrahim al-Buainain started in his new role earlier this month

Buainain replaces Yasser Mufti, who was named Aramco's executive director of new business development in June.
Buainain replaces Yasser Mufti, who was named Aramco's executive director of new business development in June.

Saudi oil giant Aramco has named Ibrahim al-Buainain as chief executive officer of its trading arm, it said in an emailed statement on Tuesday in response to a Reuters query.

It said Buainain started in his new role earlier this month.

Buainain had held the position of head of transaction development at Saudi Aramco for less than a year, according to his Linkedin profile.

Prior to that, he was president of Aramco Asia.

Buainain replaces Yasser Mufti, who was named executive director of new business development in June.

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