MOSCOW (MRC) -- GPCA Chairman Abdulrahman Al-Fageeh has been confirmed as Chief Executive Officer and Executive Member of the Board of SABIC effective March 21, said the company.
Prior to this, Al-Fageeh served as acting CEO since 28 September 2022, succeeding H.E. Yousef Al-Benyan, former CEO of SABIC and former Chairman of GPCA (2016-2022), who was appointed Saudi Arabia’s Minister of Education by a Royal Decree.
Commenting on the appointment Khalid Hashim Al-Dabbagh, Chairman of SABIC’s Board of Directors, said: “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."
“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 realize its vision to be the preferred world leader in chemicals,” he added. 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 of 2016.
The GPCA Board of Directors elected Abdulrahman S. Al-Fageeh as the Association’s new Chairman in October. With over 35 years of industry experience, Al-Fageeh has extensive expertise in project management, plant operations and corporate and business management. He first joined SABIC as Project Engineer and worked in different roles before assuming the role of acting CEO. He served as Executive Vice President Petrochemicals for more than seven years, overseeing SABIC’s petrochemical business globally.
Al-Fageeh was also the Executive Vice President for Polymers, Executive Vice President, Performance Chemicals; Vice President, Global LL/LD Polyethylene Business; General Manager, Operations & Planning, Basic Chemicals Strategic Business Unit; and General Manager Oxygenates.
He was the first President of the Yanbu National Petrochemical Company (YANSAB); and served as Chairman of several SABIC affiliates including IBN SINA, SAMAC, SADAF, PETROKEMYA, and more. Al-Fageeh has a Master of Business Administration (MBA) from Bradford University, UK, and a B.Sc. in Chemical Engineering from King Saud University, Riyadh.
We remind, SABIC participated in a ceremony to announce the first package of Shareek projects involving large companies in Saudi Arabia, said the company. The event was held in the presence of several dignitaries, senior businessmen and heads of major companies participating in the program.