Amin H. Nasser, president and CEO of Saudi Aramco, speaks during a news conference at the Plaza Conference Center in Dhahran, Saudi Arabia November 3, 2019.
BlackRock said Monday that Amin Nasser, the CEO of Saudi Aramco, the world's largest oil company, is joining the asset manager's board of directors.
The world's largest asset manager said the move reflects the firm's emphasis on the Middle East as part of its long-term strategy.
In August 2022, Texas Comptroller Glenn Hegar targeted BlackRock, putting the asset manager on a list of financial companies that "boycott energy companies."
"It's got nothing to do with maximizing returns and is the opposite of what an asset manager is paid to do."
Persons:
Amin H, Nasser, Amin Nasser, Amin's, Larry Fink, Fink, Glenn Hegar, Jimmy Patronis, It's
Organizations:
Plaza Conference, BlackRock, Saudi Aramco, Aramco, BlackRock Board, Republicans
Locations:
Saudi Aramco, Dhahran, Saudi Arabia, Saudi, East, BlackRock, Texas, Florida