Sector News

Kayan appoints chairman

January 13, 2015
(Reuters) – Saudi Kayan Petrochemical Co, an affiliate of Saudi Basic Industries Corp. (SABIC), replaced its non-executive chairman of the board, the company said in a statement.
Omar Al-Amoudi, executive vice president of shared services at SABIC and an existing Kayan board member, took over from Mutlaq Al-Morished, who resigned after becoming chief executive of National Industrialization Co. (Tasnee), Kayan said.
Al-Morished left his post as chief financial officer of SABIC to take up the position at Tasnee, Reuters reported on Dec. 14.
Al-Amoudi is also the chairman of Saudi Methanol Co, another Sabic subsidiary, and a board member of Marafiq, the utility company for the Jubail and Yanbu industrial cities, where most of the Kingdom’s petrochemicals industry are based.

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