Company: Saudi Basic Industries Corporation (Sabic)
Position: Chief financial officer (CFO)
Biography: As CFO of Sabic, Mutlaq al-Morished is responsible for supplying a huge amount of Islamic finance lending opportunities to the banking sector in Saudi Arabia and beyond. Al-Morished sees Islamic finance as a good tool for Sabic to diversify its funding sources.
As a result, he has borrowed billions of dollars using Islamic finance. Before joining Sabic, Al-Morished was vice-president of shared services and president of Saudi Petrochemical Company. He also currently serves as chairman of Saudi Kayan Petrochemical Company and is on the board of Saudi Iron and Steel Company, Aluminium Bahrain and the Saudi Fund for Development.
He has a master’s degree from Stanford University and another in nuclear engineering from Princeton University, both in the US. He also has a degree in nuclear physics and mathematics from the University of Denver, again in the US.
Contact Tel: (+966) 1 225 8000
Company website: www.sabic.com