SABIC to keep Al-Morished as Kayan chairman: Report

15/12/2014 Argaam

Saudi Basic Industries Corp (SABIC) confirmed that Mutlaq Al-Morished, the company’s former chief financial officer, is still the chairman of Saudi Kayan Petrochemical Company. 

 

Kayan’s board council has different management, according to Reuters. 

 

Sabic owns 35 percent of Kayan, which is engaged in the production of basic and advanced petrochemical industries. 

 

A source told Reuters that Al-Morished’s position at SABIC has not yet been filled. 

 

The company’s board plans to meet to decide on a replacement, the source added. 

 

The source gave no further details on the timing of the meeting.

 

According to Argaam, Al-Morished recently resigned from his position as CFO in (SABIC) to become chief executive of National Industrialization Company (Tasnee).

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