Aramco urges joint efforts to boost sustainability

Aramco Executive Vice President of Technology and Innovation Ahmad O. Al-Khowaiter speaks at an event in Bahrain on Tuesday. (Supplied)
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Updated 09 September 2025
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Aramco urges joint efforts to boost sustainability

  • Al-Khowaiter highlights the company’s commitment to advancing solutions in water conservation and energy efficiency

RIYADH: Aramco Executive Vice President of Technology and Innovation Ahmad O. Al-Khowaiter on Tuesday emphasized greater collaboration to advance innovative solutions in water conservation and energy sustainability.

According to a press release, the top official was speaking at the Global Water, Energy and Climate Change Congress in Bahrain. It said that Al-Khowaiter highlighted the company’s commitment to advancing solutions in water conservation and energy efficiency, emphasizing that collaborative innovation is key to meaningful change.

On the need for greater collaboration, Al-Khowaiter said: “Meeting these global challenges requires a level of collaboration that is faster, deeper, and more inclusive than ever before. For me, collaboration is the catalyst for innovation — and innovation is the driver of global transformation. This cross-pollination of ideas is key to gaining fresh perspectives and scaling up cutting-edge solutions. By working together — truly as one team — we can accelerate the transformation needed to secure a more sustainable water and energy future for all.”

Addressing the importance of a realistic energy transition, he added: “Even with trillions of dollars invested in alternatives, we cannot simply abandon the oil and gas infrastructure that continues to power modern civilization. That is why technologies such as carbon capture and storage, direct air capture, and AI-driven efficiency improvements are not just promising — they are essential to achieving meaningful emissions reductions and a sustainable future.”

On Aramco’s water conservation initiatives, the official said: “At Aramco, we are committed to water stewardship through a range of initiatives, including diversifying our water supply. We are increasing wastewater reuse and we are minimizing water losses across our operations and communities. We are leveraging digital solutions to drive greater efficiency, and I am proud to share that last year alone, we reduced our freshwater consumption in Aramco by nearly 8 percent.”

The Global Water, Energy and Climate Change Congress, held from Sept. 9 to 11 under the patronage of Shaikh Khalid bin Abdulla Al-Khalifa, deputy prime minister of Bahrain, gathers over 5,000 international policymakers, researchers, and industry leaders. 

This year’s event is organized in collaboration with Aramco, the UN Environment Program, and Bahrain’s Ministry of Oil and Environment.


PIF-backed AviLease achieves revenue of $664m and 19% growth in 2025

Updated 27 February 2026
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PIF-backed AviLease achieves revenue of $664m and 19% growth in 2025

RIYADH: Saudi Arabia’s Public Investment Fund-backed AviLease achieved exceptional performance and sustainable business growth during 2025, supported by the strategic expansion of its global platform.

According to its financial results for 2025, AviLease recorded total revenues of $664 million, an annual increase of 19 percent, driven by disciplined growth in its asset portfolio and strong performance in aircraft remarketing amid sustained global demand for modern, fuel-efficient aircraft, the Saudi Press Agency reported.

Profit before tax doubled compared to the previous year, reaching $122 million. The year witnessed an expansion in AviLease’s portfolio, reaching 202 owned and managed aircraft, leased to over 50 airline companies in more than 30 countries. 

The total value of the company’s assets stabilized at $9.3 billion. AviLease maintained a 100 percent fleet utilization rate, reflecting the resilience of its business model, the efficiency of its asset management, and the strength of its strategic relationships with airlines around the world.

AviLease concluded purchase agreements for aircraft from Airbus, including the A320neo family and A350F, and Boeing 737 aircraft, aiming to enhance its future asset portfolio with modern, fuel-efficient aircraft. This step will contribute to supporting future growth and meeting increasing customer demand for the latest aircraft, aligning with the Kingdom’s ambitions to become a leading global aviation hub.

AviLease strengthened its prestigious credit standing by obtaining a strong Baa2 credit ratings from Moody’s and BBB from Fitch, reflecting its financial solidity, managerial discipline, and efficiency in managing leverage. The company also successfully issued senior unsecured bonds worth $850 million last November under Regulation 144A/RegS. This issuance contributed to diversifying its funding sources and enhancing its financial flexibility.

Commenting on the results, AviLease CEO Edward O’Byrne said: “This exceptional performance reflects the quality of the company’s investment portfolio, the strength of its partnerships with airlines, and its strategic focus on responsibly deploying capital into highly sought-after, efficient, modern aircraft assets.”

He added: “As aviation markets continue to grow, AviLease is strategically positioned to continue its expansion plans and deliver sustainable long-term value for shareholders, contributing to the Kingdom’s ambitions.”

Throughout 2025, AviLease continued to play a pivotal role in the Kingdom’s growing aviation sector and contributed directly to the launch and scaling of the new national carrier, Riyadh Air, by completing a sale and leaseback transaction for a Boeing 787-9 aircraft, which thereby became the first aircraft to join the airline’s fleet.

AviLease also established a strategic partnership with Hassana Investment Co. This partnership aims to provide an opportunity for local and international investors to enter the aircraft financing asset class and benefit from AviLease’s technical expertise and operational capabilities to support partnership growth and enhance performance. 

Hassana Investment Co. has agreed to acquire an initial portfolio of 10 modern aircraft from AviLease.