ABF Co. appoints Dr Hoshiar Yossif Molod as new CEO
Arab Basalt Fiber Company, a UAE-based subsidiary of the Arab Mining Company, has announced the appointment of Dr. Hoshiar Yossif Molod as its new Chief Executive Officer.
Effective from August 2024, Dr. Hoshiar brings over 25 years of leadership experience across key sectors in the UK and the Middle East. Prior to this appointment, he served as Chief Operating Officer (COO) at a Basalt Fiber Reinforced Composite (BFRC) producer for over a year. His previous roles include Global Technical Director at ASTRA Polymers, Vice President at the National Industrialisation Company (TASNEE), and Manager of Research and Development at Saudi International Petrochemical Company. He also served as Chairman of the Royal Commission for Jubail and Yanbu and began his career at Johnson Matthey.
Academically, Dr. Hoshiar holds a PhD in Synthetic Organic Chemistry from the University of Surrey and an MSc in Analytical Chemistry from Kingston University.
Welcoming him to the leadership role, H.E. Eng. Mohammed bin Ahmed bin Abdulaziz Al Shehhi, Chairman of the Board of Directors of Arab Mining Company and ABFC, said: “The appointment of Dr. Hoshiar Yossif Molod to this leadership position underscores our commitment to attracting top international talent to advance this innovative and value-added industry regionally. Dr. Molod has been entrusted with implementing the company’s strategic vision. His extensive experience will be critical in launching the company’s operations and guiding our distinguished team to support our growth strategy both locally and globally. Together, we will advance the industry and contribute to the region’s environmental sustainability efforts. The Arab Basalt Fiber Company is the first of its kind in the Middle East and North Africa region and stands as one of the largest global producers by production capacity.”
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Dr. Hoshiar expressed his gratitude, stating: “I am honoured to assume this role and deeply appreciate the trust the Board of Trustees has placed in me. I look forward to advancing the development of this industry and its emerging sectors, particularly in the UAE. I am committed to working closely with our team to produce Basalt Fibers and Rebar from Basalt Fiber Reinforced Polymer—an environmentally friendly product—while adhering to the highest standards of quality and international norms. This effort supports our ambitious vision for a developed and sustainable future.”