Gulf Marine Services PLC Appointment of Non-Executive Director (3878J)
23 August 2021 - 4:00PM
UK Regulatory
TIDMGMS
RNS Number : 3878J
Gulf Marine Services PLC
23 August 2021
23 August 2021
Gulf Marine Services PLC
('Gulf Marine Services', 'GMS', 'the Company' or 'the
Group')
Appointment of Non-Executive Director
GMS, a leading provider of advanced self-propelled,
self-elevating support vessels serving the offshore oil, gas and
renewables industries, announces that Charbel El Khoury has been
appointed as a Non-Independent Non-Executive Director of the Board
with immediate effect. Mr El Khoury was nominated to be considered
for appointment by the Board by Mazrui Investments LLC, a major
shareholder in the Company.
Charbel El Khoury is Group CEO of Mazrui International LLC
('Mazrui International'), a UAE based diversified investment
company, with significant reach in the energy, industrial, real
estate and trading sectors. Charbel guides Mazrui International's
growth strategy, taking the lead role in its investments,
operations, mergers and acquisitions, project finance and joint
ventures. Mazrui International is affiliated with Mazrui
Investments LLC.
Charbel started his career in prominent legal practices in
Lebanon and the UAE before assuming the role of Chief Legal Officer
at Mazrui International, where he was responsible for multiple
jurisdictions and industry sectors.
He holds a number of board positions across international
organisations in which Mazrui International has invested including,
Hilti Emirates, Air Liquide, Carbon Holdings and Gulf Refining
Company NV.
Charbel has a Bachelor's degree in International Law and Legal
Studies, and a Master's degree in Private Law, both from Sagesse
University. In 2021, he also successfully completed the Harvard
Business School executive education program.
The Board remains in the process of recruiting an additional
independent Non-Executive Director and a further announcement will
be made once an appointment has been made.
There are no matters requiring disclosure under Rule 9.6.13R of
the Listing Rules.
Commenting, Mansour Al Alami, Executive Chairman of GMS,
said:
"We are delighted to be further strengthening the Board with the
appointment of Charbel, to whom we extend a warm welcome. As Group
CEO of Mazrui International, he brings a depth of industry
knowledge and a track record of creating value for shareholders. We
look forward to his contribution as we continue to solidify our
position as the world's leading provider of advanced self-
propelled self-elevating support vessels supporting the oil, gas
and renewable energy industries."
Enquiries:
Gulf Marine Services PLC Tel: +44 (0)20 7603 1515
Mansour Al Alami
Executive Chairman
Celicourt Communications Tel: +44 (0) 20 8434 2754
Mark Antelme / Philip Dennis
Notes to Editors:
Gulf Marine Services PLC, a company listed on the London Stock
Exchange, was founded in Abu Dhabi in 1977 and has become a world
leading provider of advanced self-propelled self-elevating support
vessels (SESVs). The fleet serves the oil, gas and renewable energy
industries from its offices in the United Arab Emirates, Saudi
Arabia and Qatar. The Group's assets are capable of serving
clients' requirements across the globe, including those in the
Middle East, South East Asia, West Africa, North America, the Gulf
of Mexico and Europe.
The GMS fleet of 13 SESVs is amongst the youngest in the
industry, with an average age of eight years. The vessels support
GMS's clients in a broad range of offshore oil and gas platform
refurbishment and maintenance activities, well intervention work
and offshore wind turbine maintenance work (which are opex-led
activities), as well as offshore oil and gas platform installation
and decommissioning and offshore wind turbine installation (which
are capex-led activities).
The SESVs are categorised by size - K-Class (Small), S-Class
(Mid) and E-Class (Large) - with these capable of operating in
water depths of 45m to 80m depending on leg length. The vessels are
four-legged and are self-propelled, which means they do not require
tugs or similar support vessels for moves between locations in the
field; this makes them significantly more cost-effective and
time-efficient than conventional offshore support vessels without
self-propulsion. They have a large deck space, crane capacity and
accommodation facilities (for up to 300 people) that can be adapted
to the requirements of the Group's clients.
Gulf Marine Services PLC's Legal Entity Identifier is
213800IGS2QE89SAJF77
www.gmsplc.com
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