SEOUL, Asharq Al-Awsat – Saudi Aramco affiliate S-Oil has been named Company of the Year by the Korean CEO Association (KCEOA).

It was the third time that S-Oil has received the prestigious award, according to a report carried on Saudi Aramco’s website.

Byung Woo Koh, chairman of the Korean CEO Association presented Samir A. Al-Tubayyeb of S-Oil with the award for Company of the Year.

“It’s truly an honor for S-Oil to receive this award for a third time,” said Samir A. Al-Tubayyeb, S-Oil vice chairman and CEO. “We have a commitment to the people of South Korea, and we try to operate in a manner that results in solid contributions to the nation’s economy. It’s nice for those efforts to be recognized by such an esteemed group.”