---
title: "SNG: Sipchem’s CEO resigns; Al Rushoud takes over"
type: "News"
locale: "zh-HK"
url: "https://longbridge.com/zh-HK/news/257837457.md"
description: "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."
datetime: "2025-09-18T04:51:45.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/257837457.md)
  - [en](https://longbridge.com/en/news/257837457.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/257837457.md)
---

> 支持的語言: [简体中文](https://longbridge.com/zh-CN/news/257837457.md) | [English](https://longbridge.com/en/news/257837457.md)


# SNG: Sipchem’s CEO resigns; Al Rushoud takes over

**Staff Writer**

**Riyadh:** The board of Sahara International Petrochemical Company (Sipchem) accepted the resignation of Abdullah Saif Al Saadoon from his position as the CEO.

The members also approved the appointment of Ibrahim Abdulaziz Al Rushoud as new CEO, effective from 1 November 2025, according to a bourse disclosure.

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.

The new CEO currently serves as Vice President of Manufacturing & Affiliates President.

In the first half (H1) of 2025, Sipchem generated 91.38% lower net profits at SAR 26.10 million, compared to SAR 303 million in H1-24.

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