Mohamed Al Mady has been retained Chairman of the Gulf Petrochemicals and Chemicals Association, (GPCA), a regional grouping of some of the most powerful players in the petrochemicals and chemical sectors.
Al Mady, who is also Vice-Chairman and Chief Executive Officer of Saudi Basic Industries Corporation (Sabic), will continue to head the GPCA for another three years till 2011.
The decision to retain Al Mady as Chairman was taken at the GPCA's Annual General Meeting in Dubai, after it was resolved that the eight founding members of GPCA will become permanent members of the board.
It was also decided to retain Hamad Abdul Rahman Al Terkait, President of Equate as Vice-Chairman, GPCA, and Abdulaziz Alhajri, CEO of Borouge as the treasurer.
Formed in 2006, GPCA, which has its headquarters in Dubai, has eight founding members, including Sabic, Equate petrochemical Company and Gulf Petrochemical Industries.