MANAMA: Annual General Assembly of Bapco approved the financials for the year 2013.
The meeting also reviewed performance targets and ongoing progress as well as the modernization program was reviewed and directives given.
Adel Almoayyed chaired a meeting of the Bapco Board of Directors which was held on Tuesday, 20th April 2014 at Al Dar, Awali.
The Chairman expressed thanks and appreciation for the valued and continuous support of the Wise Political Leadership and pledged the dedication of the Board, the Executive Management and the Employees to the continued positive contributions to the national economy. The Chairman thanked the Minister of Finance and Minister in Charge of Oil and Gas Affairs for his guidance and support in the ongoing success of the Company.
The board reviewed a number of Corporate, Operational, Organisational and Financial issues. The Audited 2013 Financial Statements and the Chairman’s Report to the General
The Annual General Assembly was chaired by Shaikh Mohammed bin Khalifa Al-Khalifa after the Board Meeting and adopted the 2013 Audited Financial Statements and regular items on its annual agenda.
Management and employees were thanked for the continued good operating results in the first quarter 2013 and for their excellent contributions for the ongoing success of the Company.