FaceOf: Yousef Abdullah Al-Benyan, CEO of Saudi Basic Industries Corp.

Updated 30 July 2018
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FaceOf: Yousef Abdullah Al-Benyan, CEO of Saudi Basic Industries Corp.

Yousef Abdullah Al-Benyan is a Saudi businessman and the chief executive officer of the Saudi Basic Industries Corp. (SABIC) — the world’s third-largest diversified petrochemicals company. 

Headquartered in Riyadh, SABIC is the largest public company in the Middle East with a staff of over 40,000 employees worldwide. 

During a press conference held this week at SABIC headquarters, Al-Benyan revealed the net profit gains the company has achieved in the second quarter of 2018 —  an impressive SR6.7 billion, in comparison to SR3.71 billion in the same period last year, a rise of 81 percent. 

Al-Benyan confirmed that these results reflect the company’s ability to achieve large returns on positive developments within international markets, aided by the transformation and restructuring of key initiatives implemented over the past two years. 

After earning his bachelor’s degree in economics, and his master’s degree in industrial management, Al-Benyan joined SABIC in 1987 as a business development specialist before joining SABIC’s corporate communications division. Al-Benyan would then relocate to Stamford, Connecticut, US, where he would serve as SABIC’s operations manager. In 1994, he became a commercial manager for SABIC representing both North America and Latin America, while based in Houston, Texas. 

In 2002, he was promoted to general manager of SABIC Asia, where he would make significant contributions to SABIC’s growth in the Asian market, especially in China. Al-Benyan returned to Houston in the fall of 2005 as the general manager of SABIC Americas, and in 2008, would be called upon to head the corporate human resources. In 2013, Al-Benyan was appointed as head of SABIC’s chemicals business, the company’s largest unit.

Prior to being named vice chairman and chief executive officer, Al-Benyan also served as executive vice president, corporate finance and CFO. Other positions he holds include the chairman of the Gulf Petrochemicals and Chemicals Association (GPCA), chairman of the boards at Yanbu National Petrochemical Co. (Yansab), the Saudi Arabian Fertilizer Co. (SAFCO) and Saudi Iron and Steel Co. (HADEED), as well as chairman of the Petrochemical Manufacturers Committee. 

Al-Benyan is also a member of the International Business Council of the World Economic Forum, a member of the King Saud University Advisory Board, a board member of the King Abdulaziz City for Science and Technology, as well as an Executive Committee member of the Riyadh Economic Forum at the Riyadh Chamber of Commerce.


Two Saudis among 31 foreigners killed in Easter Day attacks in Sri Lanka

Updated 23 April 2019
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Two Saudis among 31 foreigners killed in Easter Day attacks in Sri Lanka

  • Mohamed Jafar and Hany Osman, cabin crew with Saudi Arabian Airlines, were in transit and staying at one of the three hotels targeted
  • Saudi Ambassador Abdulnasser Al-Harthi says officials are awaiting the results of DNA tests

COLOMBO: Two Saudis were among 31 foreigners killed in a string of Easter Sunday suicide bombings in Sri Lanka, the Sri Lankan Foreign Ministry said on Monday, a day after the devastating attacks on hotels and churches killed at least 290 people and wounded nearly 500.

The extent of the carnage began to emerge as information from government officials, relatives and media reports offered the first details of those who had died. Citizens from at least eight countries, including the United States, were killed, officials said.

Among them were Saudis Mohammed Jafar and Hany Osman. They worked as cabin crew on Saudi Arabian Airlines, and were in transit and staying at one of the three hotels that were hit.

Saudi Ambassador Abdulnasser Al-Harthi said that officials are awaiting the results of DNA tests on the two Saudi victims, and only after these are received will their names be confirmed.

Cabinet spokesman Rajitha Senaratne said the Sri Lankan government believes the vast scale of the attacks, which clearly targeted the minority Christian community and outsiders, suggested the involvement of an international terrorism network.

“We don’t think a small organization can do all that,” he said. “We are now investigating international support for them and their other links — how they produced the suicide bombers and bombs like this.”

The attacks mostly took place during church services or when hotel guests were sitting down to breakfast. In addition to the two Saudis, officials said the foreign victims included one person from Bangladesh, two from China, eight from India, one from France, one from Japan, one from The Netherlands, one from Portugal, one from Spain, two from Turkey, six from the UK, two people with US and UK dual nationalities, and two with Australian and Sri Lankan dual nationalities.

Three of Danish billionaire Anders Holch Povlsen’s four children were among the foreigners who were killed, a spokesman for the family confirmed. Povlsen is the wealthiest man in Denmark, the largest landowner in Scotland and owns the largest share of British online fashion and cosmetics retailer Asos.

Two Turkish engineers working on a project in Sri Lanka also died in the attacks, the English-language Daily Sabah newspaper reported. Turkey’s foreign minister Mevlut Cavusoglu gave their names as Serhan Selcuk Narici and Yigit Ali Cavus.

Fourteen foreign nationals remain unaccounted for, the Sri Lankan foreign ministry said, adding that they might be among unidentified victims at the Colombo Judicial Medical Officer’s morgue.

Seventeen foreigners injured in the attacks were still being treated at the Colombo National Hospital and a private hospital in the city, while others had been discharged after treatment.