SAUDI BASIC INDUSTRIES CORPORATION SJSC 2010.SE :
* ANNOUNCES THE SIGNING OF A GOVERNANCE AGREEMENT WITH CLARIANT AG
* SAYS AGREEMENT SETS OUT THE PRINCIPLES OF CLARIANT AG FUTURE GOVERNANCE, DEFINES SABIC POSITION AS A STRATEGIC ANCHOR SHAREHOLDER
* SAYS CLARIANT AG BOARD OF DIRECTORS WILL BE EXPANDED TO 12 MEMBERS OF WHICH FOUR BOARD MEMBERS ARE TO BE NOMINATED BY SABIC
* SAYS SABIC IS ENTITLED TO NOMINATE THE CEO
Source text for Eikon: ID:nSSE6Z9grC Further company coverage: 2010.SE
((Reuters.Briefs@thomsonreuters.com;))
