National Industrialisation Co announced that it had appointed Mutlaq al-Morished to head the company, effective January 12, 2015, replacing Saleh bin Fahad al-Nazha who is leaving on Dec. 31, 2014 for personal reasons. Morished is a chief financial officer of Saudi Basic Industries Corp.

Morished is also chairman of Saudi Kayan Petrochemical Co, representing Sabic which has a 35% stake in the firm.