SARCO terminates CEO contract by mutual agreement

Logo of Saudi Arabian Refineries Co. (SARCO) 

Saudi Arabian Refineries Co.’s (SARCO) board of directors approved today, Oct. 23, CEO Abdulrahman Al-Mufarreh’s request to step down on mutual consent, effective immediately, due to personal circumstances.

 

In a statement to Tadawul, the company said that he will continue to serve as a member of the board of directors.

 

The company will announce any developments pertaining to the appointment or assignment of a new CEO in due course, the statement added.

 

According to data available on Argaam, Al-Mufarreh was appointed as CEO in January 2024.

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