Company: Saudi Basic Industries Corp (SABIC)
Country: Saudi Arabia
Al Mady joined SABIC in 1976 with a master’s degree in chemical engineering from the University of Wyoming, USA, and held various key positions within the company before his rise to the top.
SABIC is comfortably the largest listed company in the Middle East, and the world’s biggest chemical maker. And, as its CEO since 1998, there is no doubt Al Mady still boasts considerable influence on the industrial markets. Under Al Mady’s stewardship, SABIC has grown from a company that employed six people in 1976 to one that employs 31,000 with a market capitalisation in excess of $70bn. “The role of technology in our success cannot be underestimated, especially given the competitive feedstock situation in the global chemical industry. Being an energy-intensive industry, we cannot be oblivious to changes in the energy sector, which is driven by global megatrends,” Al Mady said in February this year. Right now, Al Mady’s biggest task is to manage SABIC’s growth into key emerging markets, as well as getting a foothold in America’s rush to tap shale gas.