E-mail fraud schemes are currently circulating on the Internet where fraudsters use the name of the Saudi Aramco Entrepreneurship Center Company Limited (Wa’ed); the name of its subsidiary, the Saudi Aramco Entrepreneurship Ventures Company Limited (Wa’ed VC); or the name of its parent company, Saudi Aramco, or any of its subsidiary companies or their respective management to solicit job applications, contract proposals, investment opportunities, or personal information and requests the victims to provide funds or personal information for job-applications, visas, processing fees, or investments. These are just some of the latest versions of e-mail scams that have been circulating on the Internet for several years.
Sometimes, the scams take the form of telephone calls rather than e-mails. Certain versions of this scam are very sophisticated. Occasionally, a scammer will send a fake check for a large amount of money to the victim to cover the "processing fees." The scammer hopes the victim pays the fees before discovering that the check is fraudulent. Other times, scammers will attempt to disseminate messages or otherwise associate their actions with Wa’ed, Wa'ed VC or Saudi Aramco in an unauthorized manner to achieve their illicit objectives.
This warning is issued to the general public as a public service. Wa’ed, Saudi Aramco, their respective subsidiary companies, and their agents will not be liable for any losses incurred as a result of, these unauthorized activities. If you do receive an unsolicited e-mail offering you a job at Wa’ed, Wa’ed VC or Saudi Aramco inviting you to bid for a contract – sometimes involving extremely large amounts of money – this may invariably be a scam and you should exercise caution. Communications or online posts which come from any source other than “waed.net” or “aramco.com” domain site should be treated suspiciously. In each case, you should take steps to confirm that you are dealing with an appropriate representative of Wa’ed, Saudi Aramco, or one of their respective subsidiary companies.
If you are interested in a business opportunity with Wa’ed or Wa’ed VC, please ignore the unsolicited e-mail and instead visit the companies official website at www.waed.net or contact us.