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18 Jul 2023

BlackRock names Saudi Aramco CEO Amin Nasser to board

Middle East and Saudi Arabia strategic importance for the global economy and financial markets is growing at a fast pace. BlackRock said Monday that Amin Nasser, the CEO of Saudi Aramco, the world’s largest oil company, is joining the asset manager’s board of directors. The world’s largest asset manager said the move reflects the firm’s emphasis on the Middle East as part of its long-term strategy. BlackRock had more than $8 trillion in client assets under management as of 2022. (NB: Not sure that the #esg activists will like it...) Source: CNBC

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