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Saudi Aramco privatisation speculation persists following boardroom reshuffle

Saudi Aramco shook up its board of directors in late April, in the latest sign of reorganisation ahead of the government’s planned sale of a minority stake in the oil giant. Five new board members were appointed, including finance minister Mohammed Al-Jadaan, economy and planning minister Mohammed Al-Tuwaijri and three non-Saudis: former Chevron Phillips Chemical Company chief executive Peter Cella, Dow Chemical Company chief executive Andrew Liveris and former Sunoco chief executive Lynn Elsenhans.

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