Mutlaq Al-Morished

Mutlaq H. Al-Morished served as Chief Executive Officer of National Industrialization Company (Tasnee) from January 2015 until his retirement in March 2024. Under his leadership, Al-Morished guided Tasnee through geopolitical crises, complex restructures and a changing Saudi society, making tough executive decisions with constant input from his team. When he assumed control, the company was struggling with five consecutive quarters of losses, requiring immediate restructuring.

Al-Morished is known for building organizational agility at Tasnee and fostering collaborative decision-making. He emphasized that "decisionmaking in Tasnee is quick compared to bigger companies. It is agile and flexible enough to accelerate its rhythm and improve its performance." During his tenure as CFO of SABIC, he co-led the landmark acquisition of GE Plastics (General Electric) in 2007, a $12 billion transaction that was transformative, positioning SABIC as a global competitor to industry leaders like BASF, Dow, and DuPont.

Al-Morished holds an MBA degree from Stanford University, a Master of Science degree in Nuclear Engineering from Princeton University, and a Bachelor of Science degree in Nuclear Physics & Mathematics from the University of Denver. He was one of 42 Saudi students selected to study in the US after graduating high school in 1975, and he worked first in nuclear research before moving to Shell Oil in Houston, where he served as a refinery engineer and senior engineer in polymer plants.

Career History

• Chief Executive Officer, National Industrialization Company (Tasnee), 2015-2024
• Chief Financial Officer, SABIC (Saudi Basic Industries Corporation), for 10 years prior to 2015
• Executive Vice President of Corporate Finance (CFO) at SABIC; Chairman of Saudi Kayan Petrochemical Co. and Yanbu National Petrochemicals Co. (Yansab)
• Vice President of Metals SBU, EVP Shared Services, President of SADAF and HADEED at SABIC
• Senior roles at Shell Oil in Houston in refinery engineering and polymer plants

What Al-Morished could bring to a new leadership role: His three-decade track record demonstrates exceptional financial acumen, crisis management capabilities, and the ability to transform struggling industrial operations into competitive global players. His experience navigating complex geopolitical challenges, executing billion-dollar acquisitions, and building organizational agility would be particularly valuable in leadership positions requiring strategic restructuring and long-term value creation in capital-intensive industries.