Listed Kuwaiti petchems firm QPIC (Qurain Petrochemical Industries Company) appointed its vice chairman and CEO Sadoun Ali as new chairman. He replaces Sheikh Mubarak Abdullah Al Mubarak Al Sabah who had been in position since the company’s inception in 2015. QPIC has $2.57bn in consolidated assets including petrochemical JVs and subsidiaries including Equate, Kuwait Olefins, MEGlobal and Kuwait Aromatics.