On August 18, 2026, National Industrialization Company (TASNEE) announced its Board of Directors' resolution, dated August 17, 2026, to accept the resignation of Mr. Fawaz Mohammed Al-Fawaz from his position as CEO due to retirement, effective September 30, 2026, while he will continue to serve as a member of the Board of Directors. The Board has appointed Mr. Fahad Abdulrahman Al-Mishal as the new CEO, effective October 1, 2026. Mr. Al-Mishal brings over 30 years of experience in the global petrochemical industry, having previously served as Executive Vice President of Finance, Administration, and Marketing at Advanced Petrochemical Company, and currently holds board and chairmanship roles across several subsidiaries and affiliates of TASNEE.

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