MOSCOW (MRC) -- Saudi Basic Industries Corp (SABIC) has named Abdulaziz al-Jarboo to replace long-serving chairman Prince Saud bin Abdullah Bin Thenayan al-Saud, reported Reuters with reference to the company's statement.
SABIC, which aims to be the world’s third-biggest petrochemicals producer, makes plastics, fertilisers and metals for use in construction, agriculture and manufacturing.
The company added in a statement that two non-Saudis - Calum Mclean and Roberto Gualdoni - had also joined the board.
As MRC informed before, SABIC continued its global expansion with the inauguration of a new polypropylene (PP) pilot plant in Geleen, the Netherlands, in September 2017, and the announcement of a new investment in a state-of-the-art PP extrusion facility to be built at the same location.
Saudi Basic Industries Corporation (Sabic) ranks among the world's top petrochemical companies. SABIC is 70% owned by the Saudi Arabian government, with the remaining 30% of its shares publicly traded on Tadawul, the Saudi stock exchange. The company is among the world's market leaders in the production of polyethylene, polypropylene and other advanced thermoplastics, glycols, methanol and fertilizers.
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