Riyadh – Mubasher: The board of Sahara International Petrochemical Company (Sipchem) has approved the appointment of Saleh Bahamdan as the company’s new CEO during a meeting held on Tuesday, 28 May.
The board has also agreed upon appointing Abdullah Saif Al Saadon as the operating manager, according to a filing to the Saudi Stock Exchange (Tadawul) on Wednesday.
The appointment will be effective starting from 1 June.
During the first quarter of 2019, Sipchem posted a 24.24% year-on-year profit drop, logging SAR 114.7 million ($30.59 million), compared to SAR 151.4 million ($40.38 million).
