Another leadership change at Elab

Elab has a new chairman, MD: Oil Minister Tarek El Molla has appointed Mahmoud Al Araby as chairman and managing director of the Egyptian Linear Alkyl Benzene (Elab) company, the ministry said Thursday. Al Araby succeeds Mohamed Dorra, who leaves the position after less than five months in the role.

Remember: The government recently sold a 35% stake in the company to Abu Dhabi sovereign wealth fund ADQ for an undisclosed sum under its privatization program.