Saudi Kayan shareholders to vote on appointing SABIC’s new representative to board on April 19

Saudi Kayan Petrochemical Co.'s shareholders will vote on the board of director's decision to appoint Fahad Al-Sherehy as a non-executive member, who will be the representative of Saudi Basic Industries Corp. (SABIC), during an ordinary general assembly meeting, to be held on April 19, according to a bourse filing.

The appointment will take effect from March 1 until the end of the current term on March 19, 2024. Al-Sherehy will replace Khalid Al-Garni (non-executive member), who joined the board on March 20, 2021.

Shareholders will also vote on appointing an external auditor and setting his fees. The auditor will review financial statements for Q2, Q3 and 2021, and Q1 2023.