Saudi Basic Industries Corp (SABIC) said on Sunday it has named Yousef Abdullah Al Benyan as its new chief executive officer, replacing outgoing head Mohamed Al Mady.
Benyan was named executive vice president of corporate finance for SABIC last month, replacing Mutlaq Al Morished who joined National Industrialization Co (Tasnee) as its CEO in December.
New Saudi King Salman appointed Mady as the president of the country’s military industries corporation, a royal decree published on the state news agency SPA said on Saturday. Mady has been working at SABIC, one of the world’s largest petrochemicals companies, since 1976.
Source: www.arabianbusiness.com
Air Products recently announced the appointment of Eduardo F. Menezes as Chief Executive Officer (CEO) of Air Products effective February 7, 2025, succeeding Seifollah (“Seifi”) Ghasemi, who is leaving the Company after more than 10 years of dedicated service.
Blastr Green Steel (Blastr) has successfully completed a second strategic partner financing round, advancing the development of a European integrated ultra-low CO2 steel value chain with its flagship steel plant in Finland. The partner financing round included three of Blastr’s founding investors and three new investors based in Finland, all with a common emphasis on sustainable growth.
Mitsubishi Chemical Group has signed an agreement to sell its pharmaceutical business Mitsubishi Tanabe Pharma Corp. to Bain Capital (Boston, Massachusetts). The cost of the transaction is ¥510 billion ($3.3 billion). The closing of this transaction is scheduled for the second quarter of 2026, subject to a resolution at the annual shareholders’ meeting scheduled in June 2025.