GASCO Appoints Former Advanced Petrochemical CEO to Board

National Gas and Industrialization Co. (GASCO) has appointed Eng. Fahad Salem Al-Matrafi as a non-executive board member, filling a vacant seat. The appointment, approved at a board meeting on July 8, runs through the current term ending November 28, 2029.

Al-Matrafi most recently served as chief executive officer of Advanced Petrochemical Co. He also sits on the board of SABIC Agri-Nutrients Co. and has held leadership roles at several other listed companies in Saudi Arabia and abroad.

The move brings a director with deep operating experience in petrochemicals to a company that supplies industrial gases and related services. GASCO’s business overlaps with the downstream sector that Al-Matrafi knows well – his tenure at Advanced Petrochemical included oversight of propylene and polypropylene production, both of which rely on gas feedstocks.

Board changes at Saudi industrial firms often signal strategic priorities. Al-Matrafi’s background in petrochemical manufacturing could influence GASCO’s approach to its own gas-processing and distribution operations. The company has been expanding its industrial-gas footprint in recent years, serving customers in steel, refining, and chemicals.