|22 January, 2020

Saudi Petro Rabigh’s board approves resignation of chairman

The board also decided to name Ibrahim Qassem Al-Buainain as new chairman as of February 1

Sadara Chemical Co facility is seen in Jubail, Saudi Arabia April 30, 2015. Picture taken April 30, 2015. Image used for illustrative purpose.

Sadara Chemical Co facility is seen in Jubail, Saudi Arabia April 30, 2015. Picture taken April 30, 2015. Image used for illustrative purpose.

Saudi Aramco/Handout via REUTERS

Riyadh – Rabigh Refining and Petrochemical Company’s (Petro Rabigh) board has accepted the resignation of the company’s chairman Abdulaziz Mohamed Al Judaimi effective 1 February 2020.

The board also decided to name Ibrahim Qassem Al-Buainain as new chairman as of 1 February, according to a bourse statement released on Wednesday.

It is noteworthy that Petro Rabigh’s net profits after zakat and tax jumped by 62.13% to SAR 394 million in Q3-19, compared to SAR 243 million in Q3-18.

Source: Mubasher

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