The Company:
Aramco Trading was established as Saudi Aramco’s trading arm in 2011 under the approval of Saudi Aramco’s Board of Directors. It established its headquarters in Al-Midra Tower in Dhahran, Saudi Arabia and have 3 other global offices in London, Singapore and Fujairah. With four offices currently operating worldwide, Aramco Trading has broader access to markets, a wider client base, a more talented and diversified workforce, and a more sophisticated and integrated global business model.
Today, the company is recognized globally as a critical trading partner for refiners, shipping companies, financial institutions, end-users, and other product-trading companies. The company trades across the barrel including Crude, Middle distillates, Light distillates, bulk petrochemicals, and polyolefin.
Supporting market growth and the integration of downstream assets, Aramco Trading Singapore (ATS), commenced its trading activities in July 2018. ATS’ focus is on integrating Saudi Aramco’s downstream assets in Asia and expanding third-party trading by focusing on naphtha and, more recently, LNG.
The Function:
The finance team is broadly divided into 4 pillars namely accounting & reporting, settlements, treasury and tax. The tax division is a newly created division which will manage end to end aspect of tax including corporate tax advisory, IRAS submission, transfer pricing, tax optimisation, reporting and be managing relationship with both internal and external counter parts.
Key Accountabilities:
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