APM Terminals Bahrain appoints new Board of Directors as a public-listed entity

The new Board of Directors include David Skov, Soren Jakobsen and Fawzi Ahmed Kanoo as Executive Directors.

APM Terminals Bahrain appoints new Board of Directors as a public-listed entity

Manama, Bahrain - Following the successful oversubscription of APM Terminals Bahrain IPO, the operator of the Kingdom’s only commercial port, Khalifa bin Salman Port (KBSP), the company as a public listed entity, announced the appointment/election of six new Board of Directors.

The new Board of Directors include Mr. David Skov, Mr. Soren Jakobsen and Mr. Fawzi Ahmed Kanoo as Executive Directors. In addition, Mr. Jesper Kjaedegaard shall serve as a Non-Executive Director, while Mr. Mohamed Bin Ebrahim Juma Alshroogi and Mr. Nadhem Saleh Al-Saleh have been appointed as Independent Directors. This was announced at the company’s recently held Constitutive General Assembly (CGA), where the appointment of Executive and non-Executive Directors were declared based on the 10% voting rights under article 175 of commercial companies law and the Independent Directors elected by a secret ballot voting process.

The Board of Directors will play an integral role in the future by providing guidance where required to improve the overall business performance of APM Terminals Bahrain and to ensure that Khalifa Bin Salman Port continues to be a major contributor of Bahrain’s economic development.

APM Terminals Bahrain is the first transport and logistics company in the Kingdom to list on the Bahrain Bourse with an oversubscription of 4.4x times the offer size. The recent IPO is credited to be one of the most successful ones in Bahrain’s recent history, in terms of investor participation with 97.4 million shares being applied for.


Contact information

Pooja Rekhi-Sharma

Memac Ogilvy Bahrain

Office +973 17561723


© Press Release 2018

Disclaimer: The contents of this press release was provided from an external third party provider. This website is not responsible for, and does not control, such external content. This content is provided on an “as is” and “as available” basis and has not been edited in any way. Neither this website nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this press release.

The press release is provided for informational purposes only. The content does not provide tax, legal or investment advice or opinion regarding the suitability, value or profitability of any particular security, portfolio or investment strategy. Neither this website nor our affiliates shall be liable for any errors or inaccuracies in the content, or for any actions taken by you in reliance thereon. You expressly agree that your use of the information within this article is at your sole risk.

To the fullest extent permitted by applicable law, this website, its parent company, its subsidiaries, its affiliates and the respective shareholders, directors, officers, employees, agents, advertisers, content providers and licensors will not be liable (jointly or severally) to you for any direct, indirect, consequential, special, incidental, punitive or exemplary damages, including without limitation, lost profits, lost savings and lost revenues, whether in negligence, tort, contract or any other theory of liability, even if the parties have been advised of the possibility or could have foreseen any such damages.

More From Press Releases