Saudi Arabian Refineries Company appoints new chairman

SARCO announced the new chairman and vice chairman had been appointed at its general assembly

  
Parkland Fuel's refinery in Burnaby, British Columbia, Canada February 17, 2021. Image used for illustrative purpose.

Parkland Fuel's refinery in Burnaby, British Columbia, Canada February 17, 2021. Image used for illustrative purpose.

REUTERS/Jennifer Gauthier

A new chairman has been appointed for Saudi Arabia Refineries Company (SARCO) by the board of directors, according to a statement to the Saudi Stock Exchange Tadawul.

Professor Suleiman bin Saad Al Hamid was appointed as chairman and Iyad bin Muhammad Sheikh vice chairman.

The company’s website previously listed Prince Mohammed bin Khalid bin Turki Al Saud as company’s chairman.

The statement also said Prince Mohammed would be a member of the company’s investment committee and nomination and remuneration committees for a three-year period.

(Writing by Imogen Lillywhite; editing by Daniel Luiz)

 imogen.lillywhite@refinitiv.com 

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© ZAWYA 2021

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