Sipchem board nods to replace Hassana Investment representative

Sahara International Petrochemical Co.’s (Sipchem) board of directors approved today, July 5, the request of Hassana Investment Co., the investment arm of General Authority of Social Insurance (GOSI), submitted on June 28.

The company said in a bourse filing that Hassana requested to replace its representative of the board of directors at Sipchem with Ahmed bin Saad Al Sayyari (independent) instead of Bander bin Ali Masuodi (independent), effective from July 11, due to his resignation from work at the authority.

Al Sayyari holds a Bachelor’s degree in Computer Science from King Saud University, and a Master’s degree in Business Administration from Al Yamamah University. He held several positions at GOSI, and is currently GOSI’s General Manager of Technical Infrastructure and Operation Department.

The appointment is pending the approval of the upcoming general assembly meeting, the statement noted.