SARCO board member resigns on meeting irregularities

04/10/2023 Argaam
Logo ofSaudi Arabia Refineries Co. (SARCO)

Logo of Saudi Arabia Refineries Co. (SARCO)

Saudi Arabia Refineries Co.’s (SARCO) board of directors approved the resignation of independent member Aiad Mohammad Mushaikh, effective as of Oct. 3, according to a statement to Tadawul.

 

The resignation followed the irregularity of the board meeting held on Sept. 30, 2023, and the related decisions, the statement added.

 

The board of directors approved on Sept. 30 to terminate the contract of CEO Khalid Al-Qazlan, effective from the approval date, and Osama Baaj, who is currently the Financial Director, was appointed as Acting CEO.

 

Meanwhile, the board greenlit the appointment of Prince Mohammed bin Khalid Al Saud (non-executive) as Chairman and Yasser Al-Aqeel (independent) as Vice Chairman, Argaam reported.

Comments {{getCommentCount()}}

Be the first to comment

{{comment.FollowersCount}}
{{comment.CommenterComments}}

رد{{comment.DisplayName}} على {{getCommenterName(comment.ParentThreadID)}}

{{comment.DisplayName}} حساب موثّق

{{comment.ElapsedTime}}
{{comment.Replies.length}}
تعديل
loader Train
Report
loader Train
Sorry: the validity period has ended to comment on this news
Opinions expressed in the comments section do not reflect the views of Argaam. Abusive comments of any kind will be removed. Political or religious commentary will not be tolerated.