September 18, 2018 / 5:12 AM / 3 months ago

BRIEF-Saudi's SABIC Signs Governance Agreement With Clariant AG

Sept 18 (Reuters) - SAUDI BASIC INDUSTRIES CORPORATION SJSC :

* ANNOUNCES THE SIGNING OF A GOVERNANCE AGREEMENT WITH CLARIANT AG

* SAYS AGREEMENT SETS OUT THE PRINCIPLES OF CLARIANT AG FUTURE GOVERNANCE, DEFINES SABIC POSITION AS A STRATEGIC ANCHOR SHAREHOLDER

* SAYS CLARIANT AG BOARD OF DIRECTORS WILL BE EXPANDED TO 12 MEMBERS OF WHICH FOUR BOARD MEMBERS ARE TO BE NOMINATED BY SABIC

* SAYS SABIC IS ENTITLED TO NOMINATE THE CEO Source text for Eikon: Further company coverage:

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