Tasnee board member resigns, Mutlaq Al Morished replaces

National Industrialization Co. (Tasnee) announced that the board of directors accepted, today, Sept. 28, the resignation of non-executive board member Ibrahim Al-Qadhi, to be effective from the approval date, according to a bourse statement.

The board also gave the green light for appointing Mutlaq Al Morished to replace Al-Qadhi until the end of the current session on July 5, 2022.

The resignation and appointment are pending the approval of the coming general meeting.

Al Morished is the CEO of Tasnee since 2015, Chairman of National Metal Manufacturing & Casting Co. (Maadaniyah), board member at Alinma Bank, Alinma Tokyo Marine, Bahrain Aluminum Co. (Alba), Citigroup (Saudi Arabia), SAUDIA, and Tronox Holdings PLC. that is listed on New York Stock Exchange.

He is also a member in the Gulf Petrochemical and Chemical Association (GPCA). Al Morished holds a Master’s degree in Business Management from Stanford University, a Master’s in Nuclear Engineering from Princeton University, and a Bachelor’s degree in Nuclear Physics and Mathematics from University of Denver.