Aramco Trading Co. (ATC), a wholly-owned subsidiary of Saudi Aramco, announced the establishment of a new subsidiary in London - Aramco Trading Limited (ATL).
ATL will be at the forefront of ATC’s business activities in Europe and will extend the latter’s operational reach to cover North and West Africa as well.
The ATL office in London was inaugurated by Saudi Aramco’s Senior Vice President of Downstream, Abdulaziz Al-Gudaimi.
“With the establishment of our London entity, we now have a firm presence in Europe which will serve as the launching pad for our operations in Africa and the Mediterranean region,” Ibrahim Al-Buainain, President and CEO of ATC, said.
He further said that Europe is an important market for ATC, adding “the ultimate goal for ATL is to explore and develop new partnerships and opportunities with clients in Europe, North and West Africa.”
ATL will be led by Mohammed A. Kadi and supported by an experienced team to service to ATC’s existing and potential customers in the region.
ATL is now the third international office for ATC alongside Aramco Trading Fujairah and Aramco Trading Singapore.
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