Al-Fageeh was appointed CEO of SABIC in March 2023. In September 2023, SABIC and SINOPEC announced the commercial operation of a new polycarbonate plant at their joint venture SINOPEC SABIC Tianjin Petrochemical Co., which will primarily cover the Greater China region. Al-Fageeh is also the chairman of the SABIC Agri-Nutrients Company and the Nusaned Investment Company and a member of the board of directors of the Boao Forum for Asia. SABIC recorded revenues of $28.4 billion in the first nine months of 2023, a decrease of 26% compared to the same period in 2022.