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Nama Chemicals terminates CEO Kamal Fatayerji

Nama Chemicals terminates CEO Kamal Fatayerji
Nama Chemicals reported turning a profit with SAR 35.3 million in 2018
NAMA CHEMICALS
2210
0.17% 30.10 0.05

Riyadh – Mubasher: Nama Chemicals Company on Monday announced that its board of directors decided to terminate the employment of its CEO Kamal Mohammed Fatayerji as of 1 April.

Nama Chemicals reported turning a profit with SAR 35.3 million ($9.41 million) in 2018, against SAR 1.52 million ($405,000) in losses during 2017.

During the fourth quarter of 2018, the Saudi firm suffered a net loss of SAR 17 million, versus SAR 7.11 million in net profits in the prior-year period, according to statistics conducted by Mubasher.