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Saudi Arabian Refineries Company (SARCO) announces its decision to accept the CEO's request to terminate the contractual relationship by mutual consent

SARCO 2030 0.00% 56.70 0.00
Element List Explanation
Introduction Saudi Arabian Refineries Company (SARCO) announces the decision of its Board of Directors, dated 01/05/1447H (corresponding 23/10/2025G), to accept the request of the CEO, Dr. Abdulrahman Ahmed Al- Mufarreh, to terminate his contractual relationship as CEO of the company by mutual consent, effective from 01/05/1447H (23/10/2025G), due to personal circumstances. He will continue to serve as a member of the Board of Directors.

The Board of Directors expressed its sincere thanks and appreciation to Dr. Abdulrahman Ahmed Al-Mufarreh for his efforts during his tenure with the company, wishing him continued success and prosperity in his future professional endeavors.

The company will announce any developments in the event of the appointment or assignment of a new CEO in due course.

Element List Explanation
Name of the Resigned Person Dr. Abdulrahman Ahmed Al-Mufarreh
Resignation Acceptance Date 2025-10-23 Corresponding to 1447-05-01
Resignation Effective Date 2025-10-23 Corresponding to 1447-05-01
Reasons for Resignation Due to his personal circumstances

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