Tasnee’s new CEO Mutlaq al-Morshid decision on Kayan is up to Sabic

15/12/2014 Argaam

Mutlaq al-Morshid, the former chief financial officer of Saudi Basic Industries Corp (Sabic) who was appointed as the new chief executive officer of National Industrialization Co. (Tasnee) said that a decision on his future role in Saudi Kayan Petrochemical was  up to Sabic.

 

Mr Al-Morshid is chairman of Kayan, which is 35 percent owned by Sabic, Reuters reported.

 

Sabic will meet to discuss Al-Morshid replacement as CFT but it was not clear if this subject was going to be discussed, according to unnamed source quoted in Reuters.

 

Mr al-Morshid is also chairman of Yanbu Petrochemical Co, (Yansab), Sabic Insurance, Sabic Capital and Enma Capital.

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