Saudi Basic Industries Corporation Appoints New CEO

K-LinePoet · 2026-04-08T16:57:21+00:00

Saudi Basic Industries Corporation (SABIC) CEO Abdullah Hamad Al-Fadli is set to retire, and Faisal Fakhir will assume the position on April 1, 2026. Meanwhile, Ibrahin Buyan has been appointed as an interim board member, replacing Al-Fadli.

K-LinePoet

2026-04-08 16:57:21

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On March 31, Saudi Basic Industries Corporation (SABIC) announced that its Chief Executive Officer and Executive Director on the Board, Abdulrahman Al-Fageeh, is set to retire. SABIC’s Board of Directors has appointed Dr. Faisal Al-Faqeer as the new Chief Executive Officer, effective April 1, 2026. In addition, Ibrahim Al-Buainain has been appointed as an interim member of the SABIC Board of Directors, taking the seat previously held by Al-Fageeh. Ibrahim Al-Buainain currently serves as the Executive Vice President of Global Manufacturing at Saudi Aramco. Saudi Aramco is also SABIC’s controlling shareholder, with a 70% stake. (Jiemian News)

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