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Saudi Kayan Says President Resigns

Saudi Kayan Says President Resigns

The company said that the resignation will take effect from March 31.

Saudi Kayan Petrochemical Co said on Sunday that its president Mazyad al-Khaldi had resigned for personal reasons.

The company, an affiliate of Saudi Basic Industries Corp (SABIC), said in a statement on the bourse website that Khaldi’s resignation would take effect from March 31.

It added that it would announce at a later stage the appointment of a new president.

Last month, SABIC named Yousef al-Benyan as its own acting chief executive after Mohamed al-Mady assumed another post at a top state corporation.

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