Al-Tasneea CEO Resigns, Al-Mashel Appointed

The National Industrial Company has announced the resignation of CEO Fawaz bin Mohammed Al-Fawaz due to his desire to retire, effective the end of September 2026. He will remain a member of the Board of Directors during the current session. Fahad bin Abdulrahman Al-Musallam will be appointed as his successor starting October 2026. He possesses over 30 years of experience in petrochemical industries and currently holds several leadership positions in management and business fields. Al-Musallam is considered among the highly experienced figures, having attained advanced educational qualifications from prestigious institutions and serving on multiple boards of directors. This reflects his capability to lead the company into the next phase.

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