Minister of Education Yousef Al-Benyan
SABIC Agri-Nutrients Co.’s board of directors approved the resignation of Chairman Yousef Al-Benyan after a royal decree was issued to appoint him as Minister of Education, according to a bourse statement.
The resignation is effective as of Sept. 27.
The board approved appointing Abdulrahman Al-Fageeh as representative of Saudi Basic Industries Corp. (SABIC) as of today, Sept. 28.
The appointment is pending the approval of the company’s next general meeting.
King Salman bin Abdulaziz Al Saud issued three royal decrees, on Sept. 27, reshuffling the Kingdom’s Cabinet and appointing Crown Prince Mohammed bin Salman as Prime Minister.
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