Abraj Energy Services, Oman's largest oilfield services provider, announced the formation of its Board of Directors panel. Members include Mr Ayad Al Balushi, Mr Ahmed Al Azkawi, Mr Ashraf Al Mamari, Mr Khamis Al Saadi, Ms Mashael Moosa, Mr Ben Charbit and Mr Sadhak Bindal. Elected at the first AGM meeting, each of these Board Members brings a unique perspective and the same unyielding drive to inspire more remarkable growth and sustainable refinement of the business.
On occasion, Eng. Saif Al Hamhami, CEO of Abraj Energy Services Company, said, “We are pleased to welcome our new members, Mr Ben Charbit and Mr Sadhak Bindal, at this incredible time along with our existing members. Both Board members, in tandem with our existing panel, will bring vast talent and understanding of the global business landscape and unique insights into the world of energy to our business."
“Our Board will be enriched by their knowledge, enhancing Abraj's ability to navigate an increasingly multifaceted industry. This will assist the company in executing its strategy, driving profitability, and enhancing value for all Abraj shareholders. As Abraj continues to evolve, we are committed to ensuring we have the right mix of skills and experience to advance our goals and reflect regional and international growth", he added.
With several extensive expansion plans within regional and global markets, Abraj Energy Services continues to succeed, emphasizing greener and more efficient operations. The Board of Directors play a significant role in ensuring that strategic and operational governance policies in tandem with best industry practices are implemented, along with a healthy focus on diversification of its service offerings. The Abraj Board also regularly monitors and amends policies to ensure compliance while considering stakeholder interests. The Abraj board is also keenly interested in planning and creating the right culture for sustainable and comprehensive long-term growth.
Abraj Energy Services was recently listed on the Muscat Stock Exchange, with its Initial Public Offering (IPO) oversubscribed by 8.7 times. This has been hailed as the largest subscription in the history of the Sultanate of Oman.