SAUDI ARAMCO ENERGY VENTURES

Our $1.5 billion Sustainability fund supports Aramco’s ambitions to achieve net-zero Scope 1 and 2 greenhouse gas emissions across its wholly-owned operated assets by 2050, development of new lower-carbon fuels businesses, and furthering Aramco’s broader environmental objectives. A $500 million fund focused on digital and industrial technologies that can add value to Aramco’s operations. A $1 billion fund investing in disruptive technologies and business models outside of the energy industry, to provide financial return and diversification opportunities for the company. The mission of our strategic venturing program – our sustainability and digital/industrial funds – is ‘to invest globally into start-up and high growth companies with technologies of strategic importance to Aramco, to accelerate their development and deployment in Aramco’s operations’. Our Prosperity7 program seeks to invest into highly scalable ventures, led by world-class management teams, with disruptive technologies and business models, outside of the energy sector.