Advanced Petrochemical Company Announces the Resignation of its CEO and the Appointment of a new CEO

Advanced Petrochemical Company (“Advanced”) announces that its Chief Executive Officer, Eng. Abdullah M. Al Garawi, has submitted his resignation to be effective from 16th August 2019, as he is approaching end of his contract. Eng. Al Garawi will continue to extend his support, as Chief Advisor, to the Company's Board of Directors until 30th November 2019. Further, he will continue to serve as Board member of the Company's Board until the end of the Board’s current term at September 30, 2019.
Advanced's Board of Directors has appointed Eng. Fahad Salem Al Matrafi, currently Vice President Technical, as the new CEO from 16th August 2019.
Advanced Board thanked Eng. Al Garawi’s efforts and contributions to the Company’s performance over the last 9 years.
The Board further stated that the new CEO appointee Eng. Al Matrafi is an experienced Saudi executive with a long track record of more than 20 years in the petrochemical industry. He will take over the leadership of the Company with his tremendous operational, technical and marketing expertise.

Name of the Appointing CEO Eng. Fahad Salem Al Matrafi
Date of Board Appointing CEO 2019-07-03 Corresponding to 1440-10-30
Start Date 2019-08-16 Corresponding to 1440-12-15
CV of the Assigned Person Mr. Fahad Al Matrafi graduated in 1995 from King Fahd University of Petroleum and Minerals with a bachelor’s degree in chemical engineering and subsequently completed an executive MBA program in 2006. Mr. Al Matrafi started his career with Ibn Zahr Saudi-European Petrochemical Company (a subsidiary of SABIC) where he held various managerial positions in operations, technical and business departments. He joined Advanced in 2008 as GM Operations and subsequently held positions as GM Supply Chain and GM Technical before being promoted as VP Technical from January 2019.
Name of Resigned CEO Eng. Abdullah M. Al Garawi
Accepting Resignation Date 2019-07-03 Corresponding to 1440-10-30
Resignation Effective Date 2019-08-16 Corresponding to 1440-12-15
Resignation Reasons Approaching end of contract with no desire for renewal