Riyadh – Mubasher: Filing and Packing Materials Manufacturing Company (FIPCO) on Wednesday said that its board of directors approved appointing Ahmed Abdullattif Albarrak as the new chairman as of January 2019 until 31 December 2021.
FIPCO also appointed Faisal Muhammad Alharbi as the deputy chairman and managing director for the firm, according to a statement to the Saudi Stock Exchange (Tadawul).
FIPCO last reported a 30% year-on-year profit growth in the third quarter of 2018, logging SAR 7.8 million, compared to SAR 6 million.
By 10:15 am Saudi time, FIPCO's stock remained unchanged at SAR 34.55.
