Saudi Basic Industries Corporation (SABIC) Announces Resignation of the CEO and Acting Assignment of a CEO
| Element List | Explanation |
|---|---|
| Introduction | Saudi Basic Industries Corporation (SABIC) announces resignation of CEO, H.E. Yousef Abdullah Al-Benyan, in light of the Royal Decree No. (A/62) dated 27 September 2022 (01 Rabie Alawwal 1444H) appointing His Excellency the Minister of Education.
Accordingly, the Board of Directors resolved on 28 September 2022 (02 Rabie Alawwal 1444H) to assign Eng. Abdulrahman Saleh Al-Fageeh as (acting) CEO of SABIC for six months period effective 28 September 2022 (02 Rabie Alawwal 1444H). In this occasion, SABIC Board of Directors extends its sincere thanks and appreciation to H.E. Yousef Abdullah Al-Benyan for his remarkable efforts which enabled the Company to grow to be a global leader in the Petrochemicals industry. |
| Element List | Explanation |
|---|---|
| Name of the Resigned CEO | H.E. Yousef Abdullah Al-Benyan |
| Resignation Acceptance Date | 2022-09-28 Corresponding to 1444-03-02 |
| Resignation Effective Date | 2022-09-28 Corresponding to 1444-03-02 |
| Reasons for Resignation | Appointment of H.E. Yousef Abdullah Al-Benyan as the Minister of Education |
| Element List | Explanation |
|---|---|
| Appointment Type | Delegation |
| Name of the CEO | Eng. Abdulrahman Bin Saleh Al-Fageeh |
| Date of Board Resolution | 2022-09-28 Corresponding to 1444-03-02 |
| Date Work Commencement | 2022-09-28 Corresponding to 1444-03-02 |
| Brief Resume | Eng. Abdulrahman Bin Saleh Al-Fageeh holds the Bachelor’s degree in Chemical Engineering from King Saud University and MBA from Bradford University in UK. He assumes the position of the EVP, Petrochemicals and Chairman of the Boards of Al‐Jubail Petrochemical Co. )Kemya(, Saudi Yanbu Petrochemical Company (YANPET), and Gulf Coast Growth Ventures. |
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