Brooge Energy Appoints Syed Masood Ali as Acting Chief Financial Officer
27 Abril 2020 - 3:15PM
Brooge Energy Limited (“Brooge Energy” or the “Company”) (NASDAQ:
BROG), a midstream oil storage and service provider strategically
located outside the Strait of Hormuz, adjacent to the Port of
Fujairah in the United Arab Emirates (“UAE”) through its
wholly-owned subsidiary Brooge Petroleum and Gas Investment Company
FZE (“BPGIC”), announced today the appointment of Syed Masood Ali
as Chief Financial Officer. Saleh Yammout, former CFO, is to
continue working with the Company as a board member.
Nico Paardenkooper, CEO of Brooge Energy,
commented, “Syed brings to our senior management team an impressive
corporate finance and international reporting background. As a
newly public company, we will continue to bolster Brooge’s team
with talented professionals that have complementary experience and
will support us in building value for our shareholders. With deep
expertise and knowledge in all aspects of corporate finance,
financial planning and financial governance, we believe Syed has
the required leadership capabilities to help strategically manage
our growth as Brooge enters a new chapter in its growth, with the
upcoming launch of Phase II operations and our planned expansion of
Phase III for which the FEED process has started.”
Mr. Syed brings to Brooge Energy banking,
finance, marketing and management experience in multiple
international markets. Mr. Syed has experience in leading and
managing independent treasury and banking functions in the Middle
East, Africa and Europe. Former engagements of Mr. Syed include
Executive Director of Family Offices at First Abu Dhabi Bank where
he managed the designated Family Office portfolios and held
positions at Emirates Islamic Bank, Dubai Bank, Abu Dhabi Islamic
Bank and Askari Commercial Bank Limited. Mr. Syed has a Master of
Business Administration (MBA) from Newport University,
California.
Mr. Syed Masood Ali, newly appointed Acting
Chief Financial Officer, commented, “I am pleased to join Brooge
during this critical time in the Company’s history, having recently
gone public and approaching significant growth opportunities both
in the near term and over the next few years as it executes on its
strategy to become the largest oil storage provider in Fujairah.
Together with the management team, I will leverage my financial
experience and deep banking relationships to support the Company in
its growth strategy.”
About Brooge Energy Limited
Brooge Energy, formerly known as Brooge
Holdings, conducts all of its business and operations through its
wholly-owned subsidiary Brooge Petroleum and Gas Investment Company
FZE (“BPGIC”), a Fujairah Free Zone Entity. BPGIC is a midstream
oil storage and service provider strategically located outside the
Strait of Hormuz adjacent to the Port of Fujairah in the United
Arab Emirates. BPGIC’s oil storage business differentiates itself
from competitors by providing its customers with fast order
processing times, excellent customer service and high accuracy
blending services with low oil losses. For more information please
visit www.broogeholdings.com.
Forward-Looking StatementsThis
press release contains “forward-looking statements” within the
meaning of the safe harbor provisions of the U.S. Private
Securities Litigation Reform Act of 1995, that involve risks and
uncertainties concerning BPGIC’s and Brooge Energy’s expected
financial performance, as well as their strategic and operational
plans. The actual results may differ materially from expectations,
estimates and projections due to a number of risks and
uncertainties and, consequently, you should not rely on these
forward looking statements as predictions of future events. Words
such as “expect,” “estimate,” “project,” “budget,” “forecast,”
“anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,”
“believes,” “predicts,” “potential,” “continue,” and similar
expressions are intended to identify such forward-looking
statements. These risks and uncertainties include, but are not
limited to: (1) the ultimate geographic spread, duration and
severity of the coronavirus outbreak and the effectiveness of
actions taken, or actions that may be taken, by governmental
authorities to contain the outbreak or ameliorate its effects; (2)
BPGIC’s ability to obtain financing for Phase III on commercially
reasonable terms; (3) BPGIC’s ability to negotiate and enter into
development and offtake agreements on commercially reasonable
terms; (4) the results of technical and design feasibility studies;
(5) the loss of any end-users; (6) changes in customer demand with
respect to ancillary services provided by BPGIC including
throughput, blending, heating, and intertank transfers; (7) BPGIC’s
ability to effectively manage the risks and expenses associated
with the construction of Phase II, Phase III and other growth and
expansion projects; and (8) other risks and uncertainties indicated
from time to time in filings with or submissions to the SEC by
Brooge Energy. Readers are referred to the most recent reports
filed with or furnished to the SEC by Brooge Energy. Readers are
cautioned not to place undue reliance upon any forward-looking
statements, which speak only as of the date made, and we undertake
no obligation to update or revise the forward-looking statements,
whether as a result of new information, future events or
otherwise.
Investor ContactKCSA Strategic
CommunicationsValter Pinto / Elizabeth Barker+1 212-896-1254 or +1
212-896-1203BROG@kcsa.com
Brooge Energy (NASDAQ:BROG)
Gráfica de Acción Histórica
De Jun 2024 a Jul 2024
Brooge Energy (NASDAQ:BROG)
Gráfica de Acción Histórica
De Jul 2023 a Jul 2024