Nissan to oppose having same chair as Renault

Renault and Nissan were not immediately available for comments. (Shutterstock)
Updated 20 February 2019
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Nissan to oppose having same chair as Renault

  • Renault and its largest shareholder French state are pushing for Jean-Dominique Senard to take up the chairmanship at the Japanese company
  • Senard was appointed chairman of the French automaker in late January, and is also expected to be named to Nissan’s board

LONDON: Nissan Motor Co. Ltd’s independent committee on governance is expected to recommend against the company having the same chairman as Renault SA, the Financial Times reported on Wednesday, citing people with knowledge of the discussions.
Renault and its largest shareholder French state are pushing for Jean-Dominique Senard to take up the chairmanship at the Japanese company, the report said.
Senard was appointed chairman of the French automaker in late January, and is also expected to be named to Nissan’s board, given Renault’s 43 percent stake. The Japanese automaker holds a 15 percent, non-voting stake in the French firm.
Renault and Nissan were not immediately available for comments.


Saudi finance ministry closes book on March sukuk issuance — agency

Updated 26 March 2019
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Saudi finance ministry closes book on March sukuk issuance — agency

JEDDAH: Saudi Arabia’s finance ministry has closed the book for investors seeking to take part in its March 2019 sukuk issuance program, which aims to raise 6.075 billion riyals ($1.62 billion), the Saudi press agency reported on Monday.
The sukuk are divided into two tranches of 10 and 15 years. The first tranche is for 2.395 billion riyals of 10-year bonds, and the second is for 3.680 billion riyals of 15-year bonds to mature by 2034.