Saudi Chemical names chairman, vice-chairman for new term

Saudi Chemical Company’s (Chemical) board of directors today named independent board member Fahad Saleh Al-Jarbou as chairman and Obaid Al-Rasheed as vice-chairman for the new three-year term starting from Jan.1, 2019, the firm said in a statement to Tadawul.

The board of directors also appointed Mohammad Saud Al Badr as managing director and has formed the nominations and remunerations committee, as well as the executive committee.

The firm’s representatives to the Capital Market Authority and to Tadawul were also named, as well as the board’s secretary, the statement said.

On a general assembly meeting on Dec. 17, the auditing committee was formed for the new term, it added.