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 market sheds 85 points to finish at 11,098 

Updated 17 February 2026
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Closing Bell: Saudi main market sheds 85 points to finish at 11,098 

RIYADH: Saudi Arabia’s Tadawul All Share Index closed lower in the latest session, falling 85.79 points, or 0.77 percent, to finish at 11,098.06. 

The MSCI Tadawul 30 Index declined 0.63 percent to close at 1,495.23, while the parallel market index Nomu dropped 0.91 percent to 23,548.56.  

Market breadth was firmly negative, with 42 gainers against 218 decliners on the main market. Trading activity saw 226 million shares exchanged, with total turnover reaching SR4.5 billion ($1.19 billion).  

Among the session’s gainers, Tourism Enterprise Co. rose 9.40 percent to SR15.02. SHL Finance Co. advanced 4.51 percent to SR16.00, while Almasar Alshamil for Education Co. gained 3.56 percent to SR23.88.  

Dar Alarkan Real Estate Development Co. added 3.03 percent to SR19.70, and Banque Saudi Fransi climbed 2.61 percent to SR19.30. 

On the losing side, Almasane Alkobra Mining Co. recorded the steepest decline, falling 6.61 percent to SR96.

Al Moammar Information Systems Co. dropped 5.14 percent to SR164.20, while National Company for Learning and Education declined 4.60 percent to SR124.30. Saudi Ceramic Co. slipped 4.14 percent to SR27.30, and Arabian Contracting Services Co. fell 4.12 percent to SR116.50. 

On the announcement front, Saudi Telecom Co. announced the distribution of interim cash dividends for the fourth quarter of 2025 in line with its approved dividend policy.  

The company will distribute SR2.74 billion, equivalent to SR0.55 per share, to shareholders for the quarter.  

The number of shares eligible for dividends stands at approximately 4.99 billion shares. The eligibility date has been set for Feb. 23, with distribution scheduled for March 12.  

The company noted that treasury shares are not entitled to dividends and that payments will be made through Riyad Bank via direct transfer to shareholders’ bank accounts. stc shares last traded at SR44.80, unchanged on the session. 

Separately, National Environmental Recycling Co., known as Tadweer, reported its annual financial results for the year ended Dec. 31, 2025, posting significant growth in revenue and profit.  

Revenue rose 53.5 percent year on year to SR1.24 billion, compared with SR806 million in the previous year. Net profit attributable to shareholders increased 68.4 percent to SR60.9 million, up from SR36.2 million a year earlier, driven by higher sales volumes and operational expansion.

Tadweer shares last traded at SR3.80, up 2.70 percent.