Luberef gets a chairman, KDL + Liva appoint new CEOs

Saudi Aramco Base Oil Co. (Luberef) has tapped Yasser Mufti as its new chairman, according to a Tadawul disclosure. He replaces Ibrahim Al Buainain (LinkedIn), who resigned as chairman and board member for personal reasons.

Who is Mufti? He's currently executive vice president of products and customers at Aramco. Before that he was SVP of fuels, VP of strategy and market analysis, and Saudi Arabia’s governor to Opec.

Khalid Dhafer & Brothers Logistics Services (KDL) is losing its CEO. Saleh Alhariri (LinkedIn) plans to step down for personal reasons when his contract expires on 30 September, according to a Tadawul disclosure. Deputy CEO Majed Al Qahtani takes over on 1 October.

Liva Ins. is making it official, tapping Mohamed Altooblani (LinkedIn) for the CEO job on a permanent basis, effective 24 May, dropping the “acting” from his title after the Ins. Authority signed off, according to a Tadawul disclosure. AlTooblani was CFO from mid-2023 before taking the interim chief role in March 2025.