Tasnee appoints Sabic’s CFO Mutlaq al-Morshid as new CEO

14/12/2014 Argaam

The chief financial officer of Saudi Basic Industries Corp (Sabic), Mutlaq al-Morshid, has been appointed as the new chief executive officer of National Industrialization Co. (Tasnee) effective Jan 12, replacing Saleh al-Nazha who is leaving Dec 31 for personal reasons, Tasnee said in a statement to the Saudi bourse, Tadawul.

 

Argaam first reported the move last week based on information from its own sources.

 

Mr al-Morshid is also chairman of Yanbu Petrochemical Co, (Yansab), Sabic Insurance, Sabic Capital, Enma Capital and Saudi Kayan Petrochemical Co.

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