Date/Time
Date(s) - 08 January 2011
12:00 am

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Kuwait -January 8 – 2011 — EQUATE Petrochemical Company announced the appointment of Salah Al-Kharji as its new Chief Financial Officer (CFO).

Succeeding Abdulkarim Mubarak who has served as EQUATE CFO since 1999, Al-Kharji joins EQUATE after over 17 years at Kuwait Petroleum Corporation (KPC) followed by Petroleum Industries Company (PIC) where he finally held the role of Finance Team Leader.

During a celebration in recognition of Mubarak with the attendance of several petrochemical industry leaders, EQUATE President & CEO Hamad Al-Terkait said, “Al-Kharji’s selection stems from his experience, qualifications and competencies that will greatly benefit EQUATE as a world class company. To EQUATE, human resources are its most valuable asset and Al-Kharji’s appointment is a boost to our focus on attracting qualified national manpower.”

Al-Terkait expressed his “Utmost appreciation and heartfelt gratitude to Mubarak for his service to EQUATE. Mubarak played an instrumental role in EQUATE’s growth and development in several fields since joining in 1996. He contributed greatly to the business and its exceptional growth, including managing the funding and establishment of EQUATE and EQUATE II joint ventures.”

The event’s attendees included EQUATE Chairman Yousef Al-Ateeqi, PIC Chairman & MD Maha Mulla Hussain, as well as other prominent figures of Kuwait’s petrochemical sector.

Established in 1995, EQUATE is an international joint venture between Petrochemical Industries Company (PIC), The Dow Chemical Company (Dow), Boubyan Petrochemical Company (BPC) and Qurain Petrochemical Industries Company (QPIC). Commencing production in 1997, EQUATE is the single operator of a fully integrated world-scale manufacturing facility producing over 5 million tons annually of high-quality petrochemical products which are marketed throughout the Middle East, Asia, Africa and Europe.