Saudi Kayan shareholders appoint new SABIC representative to board

20/04/2022 Argaam

Saudi Kayan Petrochemical Co.'s shareholders approved appointing Fahad Al-Sherehy as a non-executive member, during the ordinary general assembly meeting (OGM) held on April 19, according to a bourse filing.

 

Al-Sherehy is a representative of Saudi Basic Industries Corp. (SABIC) on Saudi Kayan’s board, and his appointment is effective March 1 until the end of the current term on March 19, 2024. He replaces Khalid Al-Garni (non-executive member), who joined the board on March 20, 2021.

 

Shareholders also appointed an external auditor to review financial statements for Q2, Q3 and 2021, and Q1 2023.

 

They also approved financial statements for 2021, along with board and auditor reports.

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