Saudi Kayan Petrochemical Company, an affiliate of Saudi Basic Industries Corp (Sabic), replaced its chairman of the board, the company said in a statement.

Omar Al-Amoudi, executive vice president of shared services at Sabic and an existing Kayan board member, took over from Mutlaq Al-Morished, who resigned after becoming chief executive of National Industrialisation Company (Tasnee), Kayan said.

Al-Morished left his post as chief financial officer of Sabic to take up the position at Tasnee, Reuters reported on December 14.

Al-Amoudi is also the chairman of Saudi Methanol Company, another Sabic subsidiary, and a board member of Marafiq, the utility company for the Jubail and Yanbu industrial cities, where most of the kingdom's petrochemicals industry are based. - Reuters