Saudi Kayan names new chairman after Al-Morished resigns

Saudi Kayan Petrochemical Co. (Kayan) in its board meeting on Sunday approved the resignation of chairman and non-executive board member Mutlaq H. Al-Morished.

Omar bin Abdullah Al Amoudi was appointed in his place, pending the approval of the ordinary general meeting, according to the company’s filing to Tadawul, Saudi Arabia’s bourse.

Al Amoudi is currently the executive vice president of shared services at Saudi Basic Industries Corp (Sabic).

Al-Morished will join the National Industrialization Co (Tasnee) as chief executive officer.