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Rabigh Refining and Petrochemical Co. (Petro Rabigh) announced that its President and CEO, Othman Al-Ghamdi, has resigned from his position due to personal circumstances, effective August 31. However, Al-Ghamdi will maintain his seat as a member of the company's board of directors. Following this decision, the board approved the appointment of Hassan AlYami as the new President and CEO, with his tenure officially starting on September 1.
AlYami brings over three decades of leadership expertise within the refining and petrochemical industries. His extensive background includes serving as Vice President of Saudi Aramco's Ras Tanura Refinery, along with senior leadership roles across various Saudi Aramco subsidiaries both domestically and internationally. Over his career, he has successfully directed major capital projects, operational transformations, and global business development strategies.
This executive transition comes at a pivotal period for Petro Rabigh as it navigates evolving dynamics in the regional and global energy markets. Market participants on Tadawul will closely monitor how the new leadership addresses operational efficiency and long-term strategic growth plans. Investors will be seeking clear communication regarding future operational benchmarks and corporate transformation goals.
