Petro Rabigh names new chairman

Rabigh Refining and Petrochemical Co.’s (Petro Rabigh) board of directors accepted on Wednesday the resignation of chairman Abdulaziz Al Gudaimi, effective as of Feb. 1.

Petro Rabigh clarified in a bourse filing that the resignation was submitted on Jan. 19 for personal reasons.

Ibrahim bin Qassim Al Buainain will be appointed as the new chairman. Al Buainain holds a bachelor’s degree in mechanical engineering and 2 masters’ degrees in business administration and innovation and leadership.

In 1989, Al Buainain joined the Saudi Arabian Oil Company (Saudi Aramco) as operation engineer in Ras Tanura Refinery, then held several positions at the same company. He has more than 26 years of experience in the oil and gas field.

The board’s decision will be submitted to the upcoming general assembly meeting for approval, the statement added.