Yousef bin Abdullah bin Mohammed Al-Benyan is a prominent Saudi businessman and the CEO of SABIC, whose global success has reached every corner of the world.
He plays a pivotal role in the development of SABIC, the support of the national economy, and the empowerment of Saudi youth.
Early Life
Yousef Al-Benyan was born on November 27, 1962, in Riyadh, Saudi Arabia.
Education
He earned a bachelor’s degree in economics and a master’s degree in industrial management.
In addition, he has completed numerous specialized executive management programs.
Career
Known for his wisdom, intelligence, and dedication, Yousef Al-Benyan has held several leadership roles across various companies.
At SABIC, he served as Head of Human Resources and Vice President of Chemicals, before becoming one of the Kingdom’s and the world’s most influential industry leaders.
He is ranked among the top five most influential figures in the Saudi industrial sector.
Al-Benyan joined SABIC in 1987 as a Business Development Specialist in the Communications & Media department.
He steadily rose through the ranks to become the company’s CEO — leading what is now the largest publicly listed company in the Middle East and one of the world’s top producers of petrochemicals, fertilizers, metals, and industrial polymers.
Achievements
Prior to becoming CEO, Al-Benyan held several international roles.
He served as Operations Manager in Stamford, Connecticut, and in 2002, he was appointed General Manager of SABIC Asia, based in Singapore.
He was also a Board Member of the Gulf Petrochemicals and Chemicals Association (GPCA).
Al-Benyan contributed to Yanbu National Petrochemical Company (Yansab) and SABIC Innovative Plastics (SABIC-IP).
He also served as Commercial Manager for SABIC in the United States, overseeing operations in Texas and Houston between 2005 and 2007.
From 2007 to 2008, he worked as General Manager of Intermediates at SABIC’s headquarters in Riyadh.
In February 2015, he was appointed Executive Vice President of Finance, and in February 2016, became Executive Vice President of Human Resources.
He was later promoted to CEO of SABIC.
Al-Benyan is also Board Member of King Abdulaziz City for Science and Technology,
and a member of the Executive Committee of the Riyadh Economic Forum at the Riyadh Chamber of Commerce.
He actively participated in the National Program for the Development of Industrial Communities.
Under his leadership, SABIC saw exceptional growth. In Q2 2018, the company reported a record 80% increase in operating profits compared to the previous year.
This surge was driven by strategic mergers and operational optimizations led by Al-Benyan.
Profits rose 11% to SAR 5.8 billion, while costs decreased by 8%, saving approximately SAR 700 million.
On March 17, 2019, Al-Benyan announced the signing of a landmark stock purchase agreement,
in which Saudi Aramco acquired a 70% stake in SABIC from the Public Investment Fund.
This move strengthened SABIC’s global leadership in petrochemicals and delivered a positive impact on Saudi Arabia’s national economy.
Personal Life
Yousef Al-Benyan maintains a private personal life and does not publicly share details about his family or personal affairs on media or social platforms.
Wealth
In 2020, SABIC recorded revenues of $31.1 billion — the same year that Saudi Aramco acquired its 70% stake in the company for $69.1 billion.
See More: Bander Al-Mohanna CEO and Managing Director of flynas
