According to Saudi Stock Exchange Tadawul website statement announcement on September 28, 2022, Saudi Basic Industries Corporation (SABIC) announced 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.
The Capital Market Authority and Saudi Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
| 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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Published on October 3, 2022 2:16 PM (GMT+8)
Last Updated on October 3, 2022 2:16 PM (GMT+8)
