Fahad Al-Mashel Named Tasnee CEO

Fahad bin Abdulrahman Al-Mashel has been appointed as CEO of Saudi Basic Industries Corporation (SABIC) starting October 1, 2026, succeeding Fawaz bin Mohammed Al-Fawaz, who resigned due to his desire to retire. Al-Mashel brings over 30 years of experience in the petrochemical sector and has held financial and managerial positions at companies such as Advanced Petrochemical Company and European Saudi Arabia. His focus will be on improving operational efficiency, managing fluctuations in energy and raw material prices, and enhancing the performance of subsidiaries, all to support the company's growth and sustainability in a market heavily influenced by oil prices and global demand for chemical products.

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