UAE: New CEO at Enoc
Issue 991
- 25 Apr 2015
| 2 minute read
Emirates National Oil Company (Enoc) has replaced chief executive Said Abdullah Khoory with Saif Humaid Al-Falasi, during a busy period for the Dubai government-owned integrated oil and gas group, which is raising $1.5bn in the debt markets and has expressed interest in taking 100% control of London- and Irish Stock Exchange-listed Dragon Oil. A 30 March statement by Dubai deputy ruler and Enoc chairman Sheikh Hamdan Bin Rashid Al-Maktoum gave no reason for the removal of Khoory, who had been chief executive for four years. Falasi has sat on Enoc’s executive management board for seven years, as head of corporate affairs, and health and safety.
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