Aramco announced Nasir K Al-Naimi and Mohammed Y Al Qahtani has appointed Nasir K Al-Naimi as President of its Upstream business, and Mohammed Y Al Qahtani as President of its Downstream business, both reporting along with the company's Executive Vice Presidents to the company's President & CEO. The newly created positions and appointments, approved by the Board of Directors, will be effective from July 1, 2023 and will replace the previous Upstream and Downstream Executive Vice President positions, respectively. These appointments will help drive the company's long-term strategy across its global portfolio and value chain.

Al-Naimi has held the position of Upstream Executive Vice President since April 1, 2021, while Al Qahtani has served as Aramco's Downstream Executive Vice President since September 13, 2020.