Bid & Tender
Sabic Recommends New Presidents Appointment for Affiliates

Date : May 24, 2016

Petrochemicals giant Saudi Basic Industries Corp (Sabic) has recommended the appointment of new presidents at three of its affiliates, including one subsidiary which experienced a deadly fire last month, said industry sources.

 

No reasoning was given by the sources for the changes at the companies, which are all located in Jubail, Saudi Arabia's biggest industrial city on its eastern coast. Sabic declined to comment.

 

The sources said Sabic recommended to the board of United Petrochemical Company that it appoint as its new president Abdullah Al Shamrani.

 

In April, 12 workers were killed and 11 were injured after a fire broke out during routine maintenance at United, which is owned by Sabic, with a 75 per cent stake, and two government funds.

 

As well as the appointment of Shamrani, who was president of AlBayroni Al Jubail Fertilizer Company, a number of United's general managers are also being replaced, according to two of the sources.

 

The other changes being recommended include the appointment of Mansour al-Qsoumi as president of Arabian Petrochemical Company, known as Petrokemya, with Khalid Al Elyani replacing him as president of Saudi European Petrochemical Company, known as Ibn Zahr.

 

Elyani is currently general manager of operations at Sabic's Sadaf joint venture with a unit of Royal Dutch Shell.