SNG: Sipchem’s CEO resigns; Al Rushoud takes over
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Sahara International Petrochemical Company (Sipchem) has accepted the resignation of CEO Abdullah Saif Al Saadoon and appointed Ibrahim Abdulaziz Al Rushoud as the new CEO, effective November 1, 2025. Al Rushoud, with 32 years of experience in the petrochemical and oil sectors, currently serves as Vice President of Manufacturing. In H1 2025, Sipchem reported a 91.38% decline in net profits, totaling SAR 26.10 million compared to SAR 303 million in H1 2024.
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