09 August 2015
Dubai - Emirates National Oil Company (ENOC), a wholly-owned entity of the Dubai Government, announced the appointment of a new Board of Directors to oversee the company's operations under the direction of the Chairman of the Board, H.H. Sheikh Hamdan Bin Rashid Al Maktoum, Deputy Ruler of Dubai and UAE Minister of Finance.
H.E. Saeed Mohammed Al Tayer, Vice Chairman of the Dubai Supreme Council of Energy and MD & CEO of Dubai Electricity and Water Authority was appointed Vice Chairman of the Board of ENOC.
The other new Board Members are H.E. Abdulrahman Saleh Al Saleh, Director General, Department of Finance - Government of Dubai; and Ahmad Butti Al Muhairbi, Secretary General, Dubai Supreme Council of Energy, who join Hussain Hassan Mirza Al Sayegh, Deputy Chairman, Oilfields Supply Center Ltd.; Ahmad Sharaf, Chief Executive Officer of Dutco Energy and Chairman of the Dubai Mercantile Exchange and Dr. AbdulRahman Al Awar, Director General, Federal Authority for Government Human Resources.
Saif Al Falasi, Group Chief Executive Officer of ENOC, said: "It is with great pleasure that we welcome our new board members, who along with the other Board Directors will be responsible for directing ENOC Group's overall business. I would also like to take this opportunity to thank the Board Directors leaving us, H.E. Ahmed Humaid Al Tayer and Mohammed Al Ghurair, and express our deepest appreciation to the support we have received from them over the years.
"Together, we will continue to build on our strong strategy of delivering high quality international standard products, world-class customer service and relationship management, which has delivered solid results over the past five years," Al Falasi concluded.
Established in 1993 as a wholly-owned company of the Government of Dubai, ENOC aims to promote the interests of its shareholders through the development of further downstream and upstream activities in the oil & gas sector and beyond, and to encourage the economic diversification of Dubai and the rest of the UAE.
ENOC's vision is to be a leading regional integrated oil & gas group that is highly profitable and socially responsible towards employees, the community and environment. Driving this vision, ENOC is committed to achieving sustainable development and highly profitable growth and serving the growing energy needs of Dubai.
ENOC strives to attract, develop and retain top talent to become the employer of choice, while adopting latest technologies and implementing best practices to achieve world-class performance. ENOC is also focused on meeting and exceeding customer expectations in terms of quality and service, and in maintaining high industry standards with respect to environment, health and safety.
ENOC actively participates in an increasingly broad range of business ventures. Its joint ventures with major international companies allow partners to pool their technology, know-how and expertise along with their resources to further their commercial success.
Since its inception, ENOC has been guided by its philosophy of quality and professional management based on modern business concepts for commercial success and sustainable growth. Today it is poised to engineer a new and challenging period of growth and diversity.
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© Press Release 2015