Saudi Arabia shakeup brings in new oil minister and royal court chief

As the Aramco listing is revived, crown prince appoints a businessman to lead the oil sector and gets a new gatekeeper

Saudi Arabia has announced the creation of a new natural resources ministry, separating it from the energy ministry, while replacing the head of the royal court in a wide-ranging shakeup of the government.

As plans for the massive $2 trillion stock market listing of the state-owned oil company Aramco are stepped up, the kingdom’s de facto ruler and crown prince, Mohammed bin Salman, has brought in a prominent businessman to head the new ministry of industry and mineral resources.

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