This came as Adel Khalil Almoayyed Chairman of BAPCO Board presided over the meeting during which board reviewed company’s financial and operational performances.
BAPCO’s Chairman during a meeting held at the Refinery’s board room pledged to exert extra efforts to improve Bapco’s operations, enhance its contributions in the national economy and continue its outstanding performance for sustainable growth.
The Chairman of the board expressed sincere thanks and appreciation for the valued continuous support and follow-up of the wise political leadership led by HM the King, HRH the Prime Minister, and HRH the Crown Prince and Deputy Supreme Commander.
Almoayyed also thanked HE Minister of Energy and Chairman of National Oil and Gas Authority, Dr. Abdulhussain bin Ali Mirza for his ongoing support to BAPCO. During the meeting, the Board reviewed a number of key issues related to Bapco’s operational performance, and discussed 2011 financial statements. The Board listened to comments of the Audit and Finance Committee, in addition to discussing other issues related to corporate governance and risk management The Board also reviewed a number of other operational issues and provided guidance and direction to the Management
Upon the conclusion of the meeting, the Chairman thanked Board Members, Bapco Management and employees for their dedicated role in serving the company. Almoayyed hailed the financial and operational performance of the Company, praising Bapco’s ability to continue its growth and prominent status locally and globally. The Chairman issued his directives for continuing the fine efforts to face the challenges of the industry and enhancing Bapco’s leading status regionally and internationally.