Saudi Aramco floated on the Riyadh stock exchange Tadawul on Wednesday, Dec. 11. The initial public offering is a big deal, as it’s the largest IPO in history, surpassing Alibaba’s IPO in 2014.
Saudi Aramco has undergone a transformation by increasing transparency through the publication of financial accounts. Corporate governance is another theme which comes to mind. At the time of the IPO, the current board is composed of 6 state-appointed and 5 independent directors. This board has executive connections to leading finance, technology, economic and academic organizations. The only female director Lynn Elsenhans is on the board of pharmaceuticals giant GlaxoSmithKline. The Chairman Yasir Al-Rumayyan has board connections to Uber Technologies. The CEO Amin Al-Nasser is a Council Member of the World Economic Forum. The backgrounds and board connections of the directors bring into focus an impressive ecosystem of global business leaders and decision makers.
Using our proprietary data, the above image shows who is on the board and how some of them connect to the marketplace. For further detailed relationship mapping, network analysis and research on the Saudi Aramco board contact us.