SABIC appoints Al-Fageeh as chief executive officer
SABIC, a global leader in the chemicals industry, confirmed the appointment of Abdulrahman Al-Fageeh as chief executive officer (CEO) and executive member of the Board, effective March 21, 2023. Al-Fageeh has served as acting CEO of SABIC since September 28, 2022, succeeding Yousef Al-Benyan who was appointed minister of Education for the Kingdom of Saudi Arabia by Royal Decree.
Ranked among the world’s largest petrochemicals manufacturers, SABIC is a public company based in Riyadh, Saudi Arabia. 70% of the company’s shares are owned by Saudi Aramco, with the remaining 30% publicly traded on the Saudi stock exchange.
“Abdulrahman Al-Fageeh is a proven leader, demonstrated during his long tenure at SABIC. He is well-positioned to continue driving sustainable growth for our customers, employees, shareholders and communities,” said Khalid Hashim Al-Dabbagh, chairman of SABIC’s Board of Directors. “The future remains bright for SABIC, the Kingdom of Saudi Arabia, and the chemicals industry as we continue to innovate and expand in order to meet the needs of our ever-changing world. The Board of Directors is confident in SABIC’s ability to continue to realise its vision to be the preferred world leader in chemicals.”
Al-Fageeh joined SABIC more than 35 years ago and has held several key leadership posts within the company. In addition to his role as acting CEO, Al-Fageeh led SABIC’s largest business as executive vice president, Petrochemicals since its creation in October 2016.
“I am grateful to the SABIC Board for their confidence in appointing me as CEO and a board member of SABIC,” said Al-Fageeh. “For over 40 years, SABIC has been driven by a burning ambition to define the future of the dynamic chemicals market. Today, as an industry leader, we have a unique responsibility and opportunity to improve the lives of those around the world by enabling a more sustainable and carbon neutral future. I look forward to continue leading our team as we seek to find sustainable solutions to some of the toughest challenges our world and customers face.”
