Sahara Petrochemicals approves board remuneration policy

Sahara Petrochemicals Co. shareholders have approved the updated regulations for the nominations and remunerations committee, the company said in a bourse statement. 

They also endorsed updated policies for board membership, as well as the remuneration policy for board members and executives during the ordinary general assembly meeting held yesterday.

Shareholders gave a go-ahead for appointing Khalid Bin Saleh Al-Farih as a board member representing the Public Authority for Endowments, replacing Khalid Bin Abdullah Al-Abdullatif until end of term on June 26, 2018.

The meeting also reviewed Sahara’s business development and its affiliates during the previous period.