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OIL AND GAS NEWS

Sabic CEO resigns after being named Education Minister

Sep 29, 2022 3:43 PM

Saudi Basic Industries Corporation (Sabic) has announced resignation of its CEO Yousef Abdullah Al-Benyan in light of the Royal Decree appointing him as Saudi Arabia s Minister of Education. Accordingly...

Saudi Basic Industries Corporation (Sabic) has announced resignation of its CEO Yousef Abdullah Al-Benyan, in light of the Royal Decree appointing him as Saudi Arabia's Minister of Education.
 
Accordingly, Sabic Board of Directors has resolved to appoint Eng Abdulrahman Saleh Al-Fageeh as Acting CEO of Sabic for six months, effective September 28, said a stock market filing.
 
Sabic Board of Directors extended its sincere thanks and appreciation to Al-Benyan for his remarkable efforts which enabled the company to grow to be a global leader in the petrochemicals industry, it said.  -TradeArabia News Service

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