RIYADH: Saudi Basic Industries Corp., also known as SABIC has appointed Abdulrahman Al-Fageeh as its new CEO, effective from March 21, 2023.
Al-Fageeh has been working with SABIC as the acting CEO since Yousef Abdullah Al-Benyan stepped down in September 2022.
The decision to appoint Al-Fageeh was made after the board of director resolution on March 21, SABIC said in a regulatory filing on the Saudi stock exchange.
In the statement, SABIC noted that Al-Fageeh is currently the chairman of SABIC Agri-Nutrients Co. and the Nusaned Investment Co.
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