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23-May-2016

Chemanol appoints Eng. Saud Al Sanea as CEO; effective 10 July

Methanol Chemicals Company (Chemanol) [2001.SE] announced that its board of directors (BoD) has accepted the resignation of the CEO, Khalid Bin Ibrahim Al Rabiah, which will take effect from 9 July due to personal reasons. The BoD also appointed Eng. Saud Bin Abdullah Mohamed Al Sanea to the position of CEO starting from 10 July. (Tadawul)   Chemanol: SAR7.07 as of 22 May 2016, Rating: Sell, FV: SAR4.00 per share, MCap: USD227 million, CHEMANOL AB / 2001.SE

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