SARCO CEO Fahad Al-Meakel resigns

Logo of SARCO

Saudi Arabian Refineries Co.’s (SARCO) board of directors approved, on Feb. 3, the resignation of CEO Fahad Al-Meakel, according to a bourse filing.

The resignation, submitted for personal reasons, is effective from the approval date.

In a separate statement, the company added that two independent board members were appointed to complete the current term ending April 30, 2024, namely Abdul Rahman Al Dahasy and Muhammad Al-Harbi.

Al Dahasy is currently the Senior Manager of Investment and Business Development Portfolio at National Housing Co. He holds a Master’s Degree in Urban Design, and has experience in some engineering fields.

Meanwhile, Al-Harbi is the Executive Director of Taraf Investment Co. He holds a Master’s Degree in Finance and Accounting, as well as a general certificate for dealing in securities. He has experience in financial and investment consultancy.

The appointments are pending the approval of the next general meeting.