NEOM Green Hydrogen appoints David Edmondson as new CEO

David Edmondson, NGHC's CEO. (supplied)
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Updated 08 May 2022
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NEOM Green Hydrogen appoints David Edmondson as new CEO

RIYADH: The Board of the NEOM Green Hydrogen Co., also known as NGHC, has appointed David Edmondson as its new CEO, the company said in a statement. 

“The appointment of David Edmondson as NGHC's CEO is a natural follow-up to our recent agreement to build the world's largest green hydrogen plant, which will produce 1.2 million tonnes of hydrogen per year,” said Nadhmi Al-Nasr, CEO of NEOM and Chairman of NGHC. 

In his 34-year-old career in Air Products, a US industrial gas supplier, Edmondson has worked in a variety of leadership roles in engineering and global gases in the Middle East and across the world. 

His most recent roles at Air Products included VP of Business Transformation as well as VP and Executive Project Director for the Jazan integrated gasification project. 

NGHC is a joint venture between NEOM, ACWA Power and Air Products to build a world-scale, green-hydrogen-based ammonia production facility powered by renewable energy.

NEOM will use the green hydrogen it produces to fuel clean, autonomous electric vehicles, to ensure a sustainable environment. 

 


Closing Bell: Saudi main index closes in red at 11,183

Updated 16 February 2026
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Closing Bell: Saudi main index closes in red at 11,183

RIYADH: Saudi Arabia’s Tadawul All Share Index dipped on Monday, losing 44.79 points, or 0.4 percent, to close at 11,183.85.

The total trading turnover of the benchmark index was SR4.05 billion ($1.08 billion), as 69 of the listed stocks advanced, while 191 retreated.

The MSCI Tadawul Index decreased, down 6.63 points or 0.44 percent, to close at 1,504.73.

The Kingdom’s parallel market Nomu lost 328.20 points, or 1.36 percent, to close at 23,764.92. This comes as 22 of the listed stocks advanced, while 49 retreated.

The best-performing stock was Maharah Human Resources Co., with its share price surging by 7.26 percent to SR6.50.

Other top performers included Arabian Cement Co., which saw its share price rise by 6.27 percent to SR22.71, and Saudi Research and Media Group, which saw a 4.3 percent increase to SR104.30.

On the downside, the worst performer of the day was Arabian Internet and Communications Services Co., whose share price fell by 8.01 percent to SR207.80.

Jahez International Co. for Information System Technology and Al-Rajhi Co. for Cooperative Insurance also saw declines, with their shares dropping by 5.61 percent and 4.46 percent to SR12.79 and SR75, respectively.

On the announcement front, Etihad Etisalat Co. announced its financial results for 2025 with a 7.9 percent year-on-year growth in its revenues, to reach SR19.6 billion.

In a Tadawul statement, Mobily said that this growth is attributed to “the expansion of all revenue streams, with a healthy growth in the overall subscriber base.”

Mobily delivered an 11.6 percent increase in net profit, reaching SR3.4 billion in 2025 compared to SR3.1 billion in 2024.

The company’s share price reached SR67.85, marking a 0.37 percent increase on the main market.