Saudi Basic Industries Corp (Sabic) said on Sunday it has named Yousef Abdullah Al-Benyan as its new chief executive officer, replacing outgoing head Mohamed Al-Mady.
Al-Benyan was named executive vice president of corporate finan
Sabic, as part of its 2025 strategy, will seek to enable new downstream industries to flourish with the introduction of new innovative products, and world class innovation support, said the global petrochemical company's CEO.
Demand for basic materials has softened in the last three months of 2011, particularly in emerging economies, the chief executive of Saudi Basic Industries (Sabic) said on Wednesday.
Mohammed Al-Mady, who leads the biggest company by marke