Tasnee announces Resignation and Appointment of the CEO

The Board of Directors and all employees of Tasnee company and its affiliates would like to express their sincere gratitude and appreciation to Eng. Mutlaq H. Al-Morished for his role and exceptional efforts in improving the performance of the Company during his presidency since 2015.

The Board would also like to announce its resolution dated March 6th, 2024, accepting the resignation of Eng. Mutlaq H. Al-Morished from his position as CEO due to his desire for retirement. The resignation will be effective from March 31st, 2024. wishing him all success in his future endeavors.

The Board has also resolved to appoint Mr. Fawaz M. Al-Fawaz as the CEO of the Company starting from April 1st, 2024.

Mr. Al-Fawaz has over 30 years of experience in the Global petrochemical industry and worked as the Chief Financial Officer (CFO) for Tasnee since April 2015. Mr. Al-Fawaz holds a Bachelor’s degree in Accounting from King Saud University and has various post graduate certifications from leading international institutions in areas such as Strategic Finance, Merger & Acquisition, Corporate Risk & Governance and Leadership. He is also the chairman of the board for Saudi Logistics Company (SAL), and a board member of Saudi Chemical Holding Company and Industrialization and Energy Services Company (TAQA).

The Board of Directors wishes Mr. Al-Fawaz success in leading the company to achieve its future vision, goals and the aspirations of its shareholders.