Fawaz Al-Fawaz

Fawaz M. Al-Fawaz was appointed CEO of National Industrialization Company (Tasnee) effective April 1, 2024, bringing over 30 years of experience in the global petrochemical industry. His background is in finance and accounting, and he holds a Bachelor's degree in Accounting from King Saud University with various postgraduate certifications in Strategic Finance, Merger & Acquisition, Corporate Risk & Governance and Leadership. He is recognized among The Middle East's Sustainability Leaders 2025, with Tasnee recording an 8.38% reduction in overall greenhouse gas intensity compared to 2023 under his leadership.

Career history

• Chief Executive Officer, National Industrialization Company (Tasnee) – April 2024 to present
• Global Chief Financial Officer (CFO) and Executive Vice President for Support Functions, Tasnee – April 2015 to 2023
• Vice President of Finance, Saudi Basic Industries Corporation (SABIC) – 2010 to 2015
• General Manager of Corporate Finance, SABIC – 2004 to 2009
• General Manager of Shared Services Financial, SABIC – 2000 to 2004

As CFO at Tasnee, Al-Fawaz's mandate included enhancing financial performance, supporting the CEO with accelerating growth, developing strategic plans, managing acquisitions and divestments and implementing robust governance, control and digitalization frameworks, as well as integrating ESG principles. By leveraging Tasnee's strategic partnerships with global leaders such as United States-based chemical concern LyondellBasell and Japanese titanium giant Toho, he drove sustainable growth, innovation and long-term success. He chairs the board for Saudi Logistics Company (SAL) and serves as a board member of Saudi Chemical Holding Company and Industrialization and Energy Services Company (TAQA).

What Al-Fawaz could bring to leading Tasnee as CEO: With three decades of petrochemical and finance expertise spanning SABIC and nearly a decade driving Tasnee's financial strategy, Al-Fawaz brings deep operational knowledge of the sector's complexities. His demonstrated focus on ESG integration, digital transformation, and strategic partnerships positions him to advance Tasnee's sustainability agenda while maintaining the company's competitive edge in global petrochemical markets, particularly as the company implements its net-zero carbon roadmap aligned with Saudi Vision 2030.