Riyadh – Mubasher: Saudi Aramco, the largest oil firm in the world, has announced appointing Abdulaziz Al Judaimi as senior deputy chairman for downstream operations, Bloomberg reported.

The company also appointed eight executives as it seeks to improve its production capacity and expand its natural gas and chemical businesses.

Aramco also appointed six deputy chairmen and two associate general councils, according to an initial memorandum of understanding (MoU) signed by its CEO Amin Nasser on Sunday, Bloomberg reported.

The new appointments come ahead of a highly anticipated initial public offering (IPO) that may be the largest in the world.

Aramco’s top executives had previously said that the company was considering offering up to 5% of its shares to the public and that it was considering several international bourses, including London and Tokyo.