Chairman of Petrochemicals Industries Company resigns | kuwaittimes

Sheikh Mubarak Abdallah Al-Mubarak Al-Sabahn

Chairman of Petrochemicals Industries Company resigns

March 17, 2022 | 08:39 p.m EDT

KUWAIT: Chairman of the Board of Qurain Petrochemicals Industries Company Sheikh Mubarak Abdallah Al-Mubarak Al-Sabah resigned his post following the announcement by Kuwait projects company -Holding - (KIPCO) and Qurain petrochemicals industries about a preliminary agreement to merge. Sheikh Mubarak Al-Sabah was Chairman of Qurain since it was founded - over 15 years, and was one of the company's success pillars as chairman.

The company witnessed a record development and became a landmark in the private sector and in the state, next to the prestigious companies in Kuwait Bourse. Informed sources said the resignation was due to his reservations towards the takeover in which there will be so much harm to small shareholders in Qurain Petrochemical Industries Company.

March 17, 2022 08:39 PM

Opinion

Long-term multiple entry Schengen visa for GCC countries

Opinion

War, peace and unity

Educating for tomorrow: Addressing AI challenges

The rapid and widespread development of technology has led to the emergence of a generation that struggles to keep pace with the latest advancements in science. In the past, illiteracy and ignorance were primarily defined by the inability to read an...

Where is Kuwait’s beauty?

The measure of success for strategic plans lies in active participation in the implementation process. Conversely, centralization signifies failure. In Kuwait, we have six governorates, each delineated by clear boundaries marked by signs in the stre...