Ghazi Sultan Steps Down from Arabian American Development Board of Directors
SUGAR LAND, Texas, May 16, 2014 /PRNewswire/ -- Arabian American Development Co. (NYSE: ARSD), a leading provider of high purity specialty chemicals, today announced that Ghazi Sultan has tendered his resignation from the Board of Directors of Arabian American Development Company.
"We want to thank Ghazi for over a decade of service and oversight," said Nick Carter, President and Chief Executive Officer of ARSD. "Ghazi has been a productive member of our Board. We want to thank him for dedicating his time, knowledge, and experience to help make Arabian American successful. He has made a substantial contribution to the organization, and we wish him well."
Mr. Sultan joined the Board of Directors in 1993 and will continue to serve as the Company's representative in Saudi Arabia. He will also remain as one of our representatives on the Board of Al Masane Al Kobra Mining Co. (AMAK) which he joined in 2007.
Mr. Sultan was instrumental in the development of the mining industry as the Saudi Deputy Minister of Petroleum and Mineral Resources. He currently sits on the Board of Directors of AMAK and will continue to do so but due to travel requirements is stepping down from his position on the Board of ARSD.
About Arabian American Development Company (ARSD)
ARSD owns and operates a petrochemical facility located in southeast Texas, just north of Beaumont which specializes in high purity petrochemical solvents and other solvent type manufacturing. The Company is also the original developer and a 35% owner of Al Masane Al Kobra Mining Co., a Saudi Arabian joint stock company.
Nick Carter, President and Chief Executive Officer
Investor Relations Contact:
Matthew Selinger, Principal
SOURCE Arabian American Development Co.