BlackRock names Aramco's Amin Nasser to board

Amin Nasser, CEO of Saudi Aramco

The New York Stock Exchange (NYSE)-listed BlackRock Co. announced that Amin Nasser, the CEO of Saudi Aramco, is joining its board of directors.

Nasser will join the board as an independent member, according to a statement from BlackRock. Meanwhile, the company's Chairman and Director General of the Arab Fund for Economic and Social Development, Bader M. Alsaad, will complete his board membership term until the end of the year, but will not run for re-election in 2024.

BlackRock adopts a strategic methodology when forming its board of directors. The board currently consists of 17 members, 15 of whom are independent, including five females. A third of the board members were newly elected during the last five years, which reflects the company’s commitment to continuous development to benefit from new visions and perspectives.

Based in New York, BlackRock was founded in 1988 and grew to become the world’s largest asset management company, as assets under its management amounted to nearly $10 trillion in 2022, according to the data available on Argaam.