Saudi Aramco Evacuates Dhahran Headquarters as Houthi Strikes Escalate in Saudi Arabia
Saudi Aramco ordered staff out of its Dhahran headquarters on Thursday after Houthi strikes damaged the building earlier this month. Brent crude rose 1.3 percent to $114.61 a barrel Friday as Gulf markets slid.
Saudi Aramco told staff to evacuate its headquarters in Dhahran and work remotely on Thursday, six people with knowledge of the matter told Reuters. The order was the first time the company had asked staff to leave its headquarters since the Iran war began. Aramco did not immediately respond to a request for comment.

The evacuation followed an escalation of attacks by Yemen’s Iran-aligned Houthis. Earlier this month, the group caused extensive damage to the company’s headquarters, with fire spreading across several floors, according to Reuters. The facility hosts an operations center that helps the world’s largest oil company oversee onshore and offshore oil rigs, refineries, export terminals and thousands of kilometers of pipelines.

Two people were killed on Wednesday after Saudi air defenses intercepted a drone that was attempting to hit a facility at Aramco’s Shaybah oilfield. Saudi Arabia has answered the Houthi attacks with strikes on missile launcher sites, saying it has intercepted many ballistic missiles fired by the group.
Gulf markets fall as oil climbs
Stock markets in the United Arab Emirates fell on Friday, with Dubai’s main index dropping 1.4 percent to a more than four-month low, weighed down by a 3.5 percent fall in top lender Emirates NBD Bank and a 2.1 percent decline in developer Emaar Properties. Abu Dhabi’s benchmark index fell 1.2 percent: real estate giant Aldar Properties slipped 3.7 percent, energy shipping firm Adnoc L&S dropped 3.9 percent, and Abu Dhabi Commercial Bank fell 3.7 percent despite reporting a 15 percent rise in third-quarter net profit to 3.56 billion dirhams ($969.26 million). Dubai and Abu Dhabi posted weekly losses of 2.3 and 2.2 percent, respectively, according to LSEG data.

Oil prices, a main driver of Gulf financial markets, drifted higher on Friday as the attacks raised concerns about further disruption to Middle East energy supplies. Brent crude rose 1.3 percent to $114.61 a barrel by 1148 GMT, Reuters reported, as Houthi strikes in Saudi Arabia heightened fears of a wider regional conflict.


Reporting based on coverage by Reuters.