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Sahara International Petrochemical Co. (Sipchem) announces resignation of the CEO and appoints a new CEO

SIPCHEM 2310 -0.16% 18.87 -0.03
Element List Explanation
Introduction Sahara International Petrochemical Company (Sipchem) announces the decision of its Board of Directors dated September 16th, 2025, which includes accepting the resignation of Eng. Abdullah Saif Al-Saadoon (CEO) and appointing Eng. Ibrahim Abdulaziz Al-Rushoud as new company (CEO). The Board expressed its sincere thanks and appreciation to Eng. Al-Saadoon for his efforts, contributions, and his great generosity contributed to the success of the company's business and wishing him continued success.
Element List Explanation
Name of the Resigned Person Eng. Abdullah Saif Al-Saadoon
Resignation Acceptance Date 2025-09-16 Corresponding to 1447-03-24
Resignation Effective Date 2025-11-01 Corresponding to 1447-05-10
Reasons for Resignation Due to special circumstances
Element List Explanation
Appointment Type Appointment
Name of the Appointed Person Eng. Ibrahim Abdulaziz Al-Rushoud
Date of Board Resolution 2025-09-16 Corresponding to 1447-03-24
Date Work Commencement 2025-11-01 Corresponding to 1447-05-10
Brief Resume Eng. Ibrahim Al-Rushoud holds a degree in Electrical Engineering from King Fahd University of Petroleum and Minerals. He has 32 years of experience in the petrochemical, oil and gas sectors, including 21 years in executive and strategic management positions. He currently serves as Vice President of Manufacturing & Affiliates President . He has completed several executive and leadership programs from several international educational institutions in the fields of operational excellence, financial strategy, risk management, and governance. In addition, he is a chair and Board member in several Company boards and Board committees.

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