Khalifa Al Mulhem appointed Advanced Petrochemical chairman
Petrochemical giant also formed the new board in its fifth term effective from 1 October 2019 for three years
Saudi Arabia’s Tadawul-listed Advanced Petrochemical Company has appointed Khalifa A. Al Mulhem as the chairman of the board of directors, and Waleed M. Al Jaafari as the vice chairman, with the company having announced the formation of the board in its fifth term, effective 1 October 2019 for a period of three years.
In a stock marketing missive the company revealed that the appointment of Al Mulhem, and Al Jaafri was announced at the board’s first meeting held on 14 October.
The board also approved the formation The Board also approved the formation of various board committees including, nomination and remuneration committee, and executive committee.
The news comes months after former chief executive officer, Eng Abdullah M Al Garawi resigned from his post, and was replaced by vice president of technical services, Fahad Salem Al Matrafi.
The Saudi Arabian petrochemicals giant said in a stock market filing at that time that Al Garawi was approaching the end of his contract “with no desire for renewal”.