Sarco elects new BoD

Sarco elects new BoD: The Saudi Arabian Refineries Co. (Sarco) has named Obaid Al Subaie (Linkedin) as its new chairman, it said in a disclosure to Tadawul yesterday. Al Subaie has served as the CEO of Northern Region Cement Company, according to his bio. The board also elected Abdulrahman Al Mufarreh as its new CEO. The board’s term will end in 2027.