Brooge Energy Ltd. Appoints Two New Independent Members to the Board of Directors
20 Mayo 2021 - 3:10PM
Brooge Energy Ltd. (“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, today announced the
appointment of Nariman Karbhari and Tony Boutros as independent
members of its Board of Directors effective as of May 16, 2021.
Messrs. Boutros and Karbhari have each been appointed as members of
the Board’s Audit Committee and Mr. Boutros has been appointed as
Chairman of the Audit Committee as well.
Nicolaas L. Paardenkooper, CEO of Brooge Energy
and BPGIC, said, “We are delighted to welcome Tony Boutros and
Nariman Karbhari to our Board of Directors and Audit Committee.
They are both highly experienced professionals who will provide
invaluable advice as Brooge Energy enters the next chapter in its
growth. Tony’s knowledge of audit and accounting, and Nariman’s
expertise from decades of working in the financial sector will
support our commitment to corporate governance. I look forward to
their engagement and assistance in guiding our objectives. In
addition, we would like to thank Abu Bakar Chowdhury for his
service on the Board and his invaluable support and guidance, as he
has chosen to commit his time to other endeavours.”
Tony Boutros has been a Managing Partner of
Boutros, Cordahi & Associates (BCA) since May 2019. BCA is a
Professional Civil Company providing audit, tax and advisory
practice including financial due diligence, feasibility studies and
valuations. BCA is the Lebanese Member Firm of Ecovis
International. From May 2013 – May 2019 he served as Managing
Partner of Boutros, Saghir and Associates “BSA”, a Professional
Civil Company. Prior to that he worked as an audit and advisory
contractor at Usamah Tabbarah & Co – Nexia International
(UTCNEXIA) from April 2012 – January 2013. Mr. Boutros worked at
KPMG Lebanon from 2002 – 2012, including as the Lead Audit Partner,
and at PricewaterhouseCoopers Lebanon from 1998 – 2002. Mr. Boutros
is a Lebanese Certified Accountant and has a Master of Business
Administration from the Lebanese American University.
Nariman Karbhari has worked as Managing Director
and CEO of Spenta Advisory FZE since 2015 where he is responsible
for arranging banking facilities for clients. From 2013 - 2015 he
was Head of Corporate and Commercial Banking, Finance House PJSC,
and from 2009 - 2013 he was Head of Investments and Treasury, Al
Jaber Group, where he was responsible for arranging syndications,
raising other banking facilities and managing investment portfolios
in excess of AED 2.5 billion to 3 billion. He was also Head of
Corporate, National Bank of Dubai, Abu Dhabi Region from 2005 –
2009 and Deputy Head of Corporate Banking, National Bank of Abu
Dhabi, from 1994 – 2008. Prior to that, he worked as a relationship
manager at the National Bank of Fujairah and the Commercial Bank of
Dubai and as an accountant at Al Abbas Trading Co., Dubai.
About Brooge Energy
LimitedBrooge Energy conducts all of its business and
operations through its wholly owned subsidiaries, Brooge Petroleum
and Gas Investment Company FZE (“BPGIC”) and Brooge Petroleum and
Gas Investment Company Phase III FZE (“BPGIC III”), Fujairah Free
Zone Entities. Brooge Energy 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. Its
oil storage business differentiates itself from competitors by
providing customers with fast order processing times, excellent
customer service and high accuracy blending services with low oil
losses. For more information please visit at
www.broogeenergy.com
Forward-Looking StatementsThis
press release contains statements, including all information
relating to matters that are not historical facts, that constitute
“forward-looking statements” within the meaning of the safe harbor
provisions of the U.S. Private Securities Litigation Reform Act of
1995. Such statements reflect management’s current views based on
certain assumptions, and they involve risks and uncertainties.
Actual results, events or performance may differ materially from
the forward-looking statements due to a number of important
factors, and will be dependent upon a variety of factors, including
risks described in public reports filed by Brooge Energy with the
SEC, including under the caption “Risk Factors” in Brooge Energy’s
Annual Report on Annual Report on Form 20-F for the year ended
December 31, 2020, filed with the SEC on April 5, 2021, as amended
by Amendment No. 1 to the Annual Report on Form 20-F/A filed with
the SEC on April 6, 2021. Readers are cautioned not to place undue
reliance upon any forward-looking statements, which speak only as
of the date made. Brooge Energy does not undertake any 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
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