Riyadh – Mubasher: The board of Saudi Kayan Petrochemical Company has appointed Sameeh bin Sulaiman Al Sahafi as the company's new CEO.
Al Sahafi will commence the new position on 1 January 2024, according to a bourse disclosure.
The resolution was made during the board meeting on 3 December 2023.
The new CEO brings over two decades of experience in the fields of engineering, project management, maintenance, and operations of refineries and petrochemical plants. He holds a bachelor's degree in electrical engineering from King Abdulaziz University.
Al Sahafi held various leadership positions within Saudi Basic Industries Corporation (SABIC) companies, including being the President of both Arabian Industrial Fibers (Ibn Rushd) as well as Yanbu National Petrochemicals (Yansab), and most recently he led the Saudi Yanbu Petrochemical Company (Yanpet).
In the first nine months (9M) of 2023, Saudi Kayan suffered a net loss of SAR 1.51 billion.
