Saudi Basic Industries Corp. — Board/Management Information 2022

Sep 28, 2022

Saudi Basic Industries Corporation (SABIC) Announces Resignation of the CEO and Acting Assignment of a CEO

2010 · 28/09/2022 15:54:36 · Announcement #70303 · View on Saudi Exchange

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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