Cairo – Mubasher: The board of directors of Paint and Chemicals Industries (Pachin) approved the appointment of Mohamed Mohamed Salah El-Din as a non-executive chairman.

In addition, the board also named Amr Mahmoud Abdullah the company’s managing director, according to a bourse disclosure on Monday.

Mohamed Mohamed Salah El-Din and Sahar Mohamed El-Marsafy have been appointed as Pachin’s representatives in the board of directors of Al Obour for Paints and Chemical Industries.

During the first quarter (Q1) of fiscal year 2020/2021, the company posted net profits of EGP 20.06 million, up from EGP 3.616 million in the year-ago period.