Methanol chemicals co. Announces that its board of directors has resolved on 15/08/1437 h corresponding to 22/05/2016 to accept the resignation of the ceo mr. Khalid bin ibrahim al rabiah which submitted his resignation from his position on 15-05-2016 with effect from 09-07-2016 due to for personal reasons. Moreover, the board of directors has accepted on 15/08/1437 h corresponding to 22/05/2016 the appointment of mr. Eng. Saud bin abdullah mohamed al sanea starting from 10-07-2016, eng. Al sanea holds a bachelor degree in engineering from usa and has over 30 years experience in the petrochemicals industry. He has held leadership positions in a number of saudi arabia basic industries corporation (sabic) affiliate companies the latest of which was as ceo of the saudi methanol company )ar razi for 5 yearsthe chairman, board of directors and employees of chemanol extend their appreciation and gratitude to mr. Al rabiah for his distinctive and effective role and valuable achievements during his almost 8 years tenure, and wish him continued success.the board also welcomes eng. Al sanea and wishes him success in his new role. The Capital Market Authority and the Saudi Stock Exchange take no responsibility for the contents of this disclosure, make no representations as to its accuracy or completeness, and expressly disclaim any liability whatsoever for any loss arising from, or incurred in reliance upon, any part of this disclosure, and the issuer accepts full responsibility for the accuracy of the information contained in it and confirms, having made all reasonable enquiries, that to the best of their knowledge and belief, there are no other facts or information the omission of which would make the disclosure misleading, incomplete or inaccurate.
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