Phoenix Power Company SAOG (the “Company”) advises the Capital Market Authority, Muscat Stock Exchange, and the investors’ community that it has resolved the following at the meeting of the Board of Directors held on 28 July 2021:
Approval of the quarterly unaudited financial statements for the 6-month period ended 30 June 2021 together with the Board of Directors’ Report.
Acceptance of the appointment of Mr. Hitoshi Nakahara who has more than 27 years of experience in energy sector as a member of the Board, as a representative of JERA Power Management Mid East B.V as a replacement of Mr. Jun Sano with effect from 28 July 2021.
Acceptance of the resignation of Mr. Motoharu Nakada from his position as a member of the Board as a member of Audit Committee and as a member of Nomination and Remuneration Committee from 28 July 2021 due to personal related reasons.
Appointment of Mr. Hideharu Tatedori, who has more than 28 years of experiences in energy sector, as temporary member of the Board as a member of Audit Committee and as a member of Nomination and Remuneration Committee with effect from 28 July 2021
Ahmed AL Abri
Chief Financial Officer / Disclosure Officer