CEO, SABIC
Origin: Saudi Arabia
Residence: Saudi Arabia
Sector: Industry
Al-Fageeh was appointed as the new CEO of the petrochemicals major in March, having served in an acting capacity since September 2022. Al-Fageeh’s mandate is to take SABIC, one of the world’s biggest petrochemical companies, forward.
SABIC’s revenues jumped by 13 per cent to SAR198.5bn and declared an annual dividend of $3.4bn, up 6.25 per cent. Under Al-Fageeh’s stewardship, the company signed an agreement with Aramco and China’s Sinopec in December 2022 to build a refinery and a petrochemical plant in China.
He is also the chairman of SABIC Agri-Nutrients Company and the Nusaned Investment Company.
Al-Fageeh sits on the boards of the Royal Commission for Jubail and Yanbu and the Saudi General Authority of Foreign Trade.