Nama Chemicals fires CEO, picks Abdullah Al-Enazi as chief

Nama Chemicals fires CEO, picks Abdullah Al-Enazi as chief
Published: 4 April 2019 - midnight
By: Martin Menachery
The board of directors of Nama Chemicals decided to end the services of CEO Kamal Mohammed Fatayerji, according to a report from Argaam.

The decision is with effect immediately, as per the report.

The report also says that based on the recommendation of the nominations committee, Nama Chemicals appointed Abdullah Audah Al-Enazi as the CEO with effect from 2 April 2019.

Al elaborated in the report, Al-Enazi has over 25 years of experience in executive management in areas of industrialisation and investment, and has served as an executive and board member in several listed firms.

Fatayerji was ranked 41 in the 2018 ‘Power 50’ list of Refining & Petrochemicals Middle East.

Nama Chemicals is a joint stock, Tadawul-listed company, established in Saudi Arabia in 1992, with the objective of developing and establishing industrial projects in the petrochemical sector.

The Saudisation of the company’s workforce stands at 52%. NAMA Chemicals’ affiliates include Arabian Industrial Fibers Company (Ibn-Rushd), Yanbu National Petrochemical Company (Yansab) and National Chemical Industries Corporation (NACIC) of Bahrain.

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