Methanol Chemicals Company announces that the Board of Directors has decided on 5-5-1432H (04/09/2011) to accept the resignation of Mr. Mazen Khalifa Al-Lahiq Al-Naimi from his position as a Board member with the right of the company to raise any legal proceeding against Mr. Mazen in relation to the competition activities or any other legal violations, the Board also decided to withdraw the earlier recommendation issued according to the Board resolution dated 12-1-1432H (18-12-2010) in relation to the removal of Mr. Mazen.
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