Sipchem and Zamil Group chairman Eng Abdulaziz Al-Zamil dies
Al-Zamil led the family company, and it is unclear who will take his place as chairman of Sipchem
Eng Abdulaziz Al-Zamil, chairman and non-executive member of Sahara International Petrochemical Company (Sipchem) and chairman of Zamil Group Holding Company, passed away on 6 October 2019, Construction Week reported.
Sipchem is listed on the Saudi exchange, Tadawul. In a filing to Tadawul, Sipchem said that "updates on the appointment of a new chairman will be announced later."
Zamil Group was founded almost 95 years ago by Abdulaziz Al-Zamil's father, Abdullah Al-Hamad Al Zamil. The company's board comprises 12 Al-Zamil brothers, according to the company website. Zamil Group operates in the construction, chemicals, marine & offshore, and real estate sectors, among others.
Sipchem, originally named the Saudi International Petrochemical Company, was founded in 1999 by Zamil Group. In 2006, Zamil Group founded Sahara Petrochemical Company, which merged with Sipchem in May 2019.