Saudi Aramco gets new chairman to prepare for public listing

RIYADH, Saudi Arabia (AP) — Saudi Arabia’s energy minister says the head of the kingdom’s sovereign wealth fund is replacing him as chairman of the board of Saudi Aramco as the state-run oil giant plans an initial public offering.
The move puts some distance between Khalid al-Falih’s energy ministry portfolio and Aramco, which Saudi officials say could be listed in 2020 or 2021.
Al-Falih described Yasir al-Rumayyan’s appointment on Twitter Monday as “an import