Saudi Aramco CEO Naser Appointed to Board of BlackRock
Posted on 07/19/2023
BlackRock Inc named Amin Hassan Naser to its board of directors. Increasingly, BlackRock sees the Middle East as a major source of client assets. Amin Naser is the President and CEO of the Saudi Arabian oil company (Saudi Aramco), the world’s largest oil producer.
From Kuwait to Saudi Arabia
Nasser will fill the spot currently held by Bader M. Alsaad, director general and chairman of the Arab Fund for Economic & Social Development. Alsaad will serve the remainder of his term but will not stand for re-election to BlackRock’s board for next year. From 2003 to May 2021, Bader M. Alsaad served as a member of the board of directors of the Kuwait Investment Authority (KIA). He served as Managing Director of the KIA from December 2003 until April 2017.
“Mr. Nasser’s appointment to the board will provide “continuity of regional expertise (that) reflects the importance of the Middle East to the firm’s long-term strategy,” the news release said.