Saudi Kayan to elect new board members March 20

Saudi Kayan Petrochemical Co’s shareholders will elect seven new board members during the general assembly meeting on March 20, the Saudi firm said in a bourse filing.

During the meeting, shareholders will also approve board remuneration of SAR 1.4 million for FY17.

In addition, the assembly will select an external auditor for 2018 and Q1 2019, and discharge board members from liability associated with their activities in 2017.

Other items on the agenda include approval of the board of directors’ report, an audit report, and financial statements for 2017.