Saudi Basic Industries Corporation’s (SABIC) extraordinary general assembly on Sunday named Abdulaziz Al-Jarboo as chairman, the petrochemical giant said in a bourse statement.

 

Al-Jarboo replaces Prince Saud Al Thenayan, who served as SABIC chairman for 15 years.

 

Shareholders approved the appointment of the board of directors for the current term, ending April 10, 2019.
 

Yousef Al-Benyan will continue to serve as vice chairman and CEO, the statement said.

 

Fahad Al-Mubarak, Calum McLean, and Roberto Gualdoni were also named as board members.

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