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24-May-2016

Report: SABIC recommends replacing the heads of three subsidiaries

According to an article on Zawya, Saudi Basic Industries Corporation (SABIC) [2010.SE] is planning on replacing the heads of three of its subsidiaries. According to the article, SABIC recommended to the BoD of United Petrochemical Company that it appoint Abdullah al Shamrani as its new president, while Mansour Al Qsoumi has been recommended to head Arabian Petrochemical Company (Petrokemya) and Khalid Al Elyani to head Saudi European Petrochemical Company (Ibn Zahr). (Zawya)   SABIC: SAR79.96 as of 23 May 2016, Rating: Neutral, FV: SAR90.00 per share, MCap: USD63,968 million, SABIC AB / 2010.SE  

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