Abdulaziz Al-Harbi is the newly appointed acting chief executive officer of Saudi Arabian Mining Co. (Ma’aden).
Ma’aden is one of the fastest-growing mining companies in the world and the largest multi-commodity mining and metals company in the Middle East.
According to the company, Al-Harbi has more than 30 years’ experience in project management, planning and operations.
Prior to his appointment as acting CEO, Al-Harbi served as executive vice president for shared services & security.
Before that, he served as president for Ma’aden Bauxite and Aluminum Co. (MBAC) and the Ma’aden Aluminum Co.(MAC), US, which he led from project phase until they became operational.
Friday, 30 April, 2021 - 10:30
SABIC announces first-quarter earnings jump and discloses a reorganization of marketing activity with Saud Aramco. (Asharq Al-Awsat) Riyadh - Asharq Al-Awsat
On the same day it announced a plan to realign product sales and marketing with Saudi Aramco, the Saudi Basic Industries Corp (SABIC) reported first-quarter net profit of around SAR 4.8 billion ($1.2 billion).
Meanwhile, the sales and marketing for a number of Aramco petrochemicals and polymers products will move to SABIC, and the offtake and resale responsibility of a number of SABIC products will transfer to Aramco Trading Company (ATC) under a plan revealed on Thursday.
The effect of these changes, planned to be implemented on a phased basis during 2021 will focus SABIC on petrochemicals products and ATC on fuel product, said a joint statement.
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Chemicals maker Sabic’s profit surges as economies reopen
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Revenue rose 24 per cent year-on-year to SAR37.5bn and 14 per cent from the previous quarter
April 29, 2021
Chemicals maker Saudi Basic Industries Corp.’s profit jumped as the reopening of the global economy led to higher demand for its products used in everything from packaging to buildings and agriculture.
Net income was SAR4.86bn ($1.3bn) in the first quarter, more than double the level of the previous three-month period. It was also turnaround from a loss of SAR1.05bn a year ago.