Gold Prices Slip Near $4,000 as U.S.-Iran Conflict Fuels Inflation Fears 
US Stock Futures Rise as AI Optimism Lifts Tech, 3M Jumps on Strong Earnings 
Gold Price Surges Above $4,100 as Middle East Tensions Boost Safe-Haven Demand 
Hong Kong AI Stocks Rally as Moonshot AI’s Kimi K3 Launch Boosts Market Optimism 
SpaceX Q2 Earnings on Aug. 4 Set Stage for Historic Insider Share Unlock 
Japan PM Sanae Takaichi Unveils Growth Plan as BOJ Independence Concerns Lift Bond Yields 
Trump Announces 100% Tariff on Generic Drug Imports Starting in 2028 
Bank of America Says These Overlooked AI Stocks Could Be the Next Winners 
Houthi Naval Blockade on Saudi Arabia Escalates Iran Conflict, Threatens Global Oil Supply 
Nike Shifts China Online Sales Strategy to Boost Brand and Fight Local Rivals 
Oil Prices Hold Steady as U.S.-Iran Conflict and Houthi Blockade Keep Markets on Edge 
Japan Yen Slides Past 163 as Middle East Tensions Lift US Dollar, Oil Prices 
US-Iran Conflict Escalates as Gulf Attacks Threaten Global Oil Supply 
Ryanair Warns Summer Airfares May Stay Lower as Quarterly Profit Misses Estimates 
Asian Currencies Hold Steady as Middle East Tensions Boost US Dollar, Oil Concerns 
Samsung Eyes Up to $1.14 Billion Investment in AI Startup Mistral 
Alaska Air Q3 Outlook Misses Estimates as Higher Fuel Costs Weigh on Profit Forecast 
S-Oil Corporation announced this week it had appointed its new chief executive officer. The new company chief turned out to be the former CEO of Aramco Asia of the Saudi Arabia oil group.
The Seoul-headquartered petroleum refinery company named Anwar A. Al-Hejazi as its new chief on Tuesday, May 9. His appointment was finalized following an extraordinary shareholders’ meeting and board of directors’ meeting.
S-Oil’s appointment of a new leader came four years after it brought the preceding CEO, Hussain A. Al-Qahtani, to the office in the country. The petroleum firm’s parent company, Aramco, which is based in Dhahran, Saudi Arabia, holds a 63.4% stake in Korea’s S-Oil.
Anwar A. Al-Hejazi will also become S-Oil’s new representative director, aside from being its CEO. On the appointment, the board of directors said in a press release, “CEO Anwar Al-Hejazi’s expertise in the global energy industry as the officer of Saudi Arabia’s state-run oil and gas company Saudi Aramco will serve as a great contributor to S-OIL’s business success and global growth.”
The board further stated, “We believe he is the right person to show outstanding performance, especially when the company is pushing for the energy transition through the Shaheen Project, aimed at expanding petrochemical production, diversifying the business portfolio and carrying out a low-carbon hydrogen initiative and the 2050 Net Zero roadmap.”
Meanwhile, The Korea Times reported that the new S-Oil chief was born in Saudi Arabia and graduated with a chemical engineering degree at King Fahd University of Petroleum and Minerals. He first entered Aramco as an employee in 1996 and has held various positions since then.
He also served as the representative director of Aramco Asia Japan for two years, then was appointed as the president of Aramco Asia in 2018. Part of his job was managing the businesses of Saudi Aramco in the Asian region. He was also put in charge of securing joint venture investments with major refining companies in Japan, South Korea, and China.
Photo by: S-Oil/YouTube
