Tabreed’s new board of directors has been appointed two new members at the company’s annual general assembly. The new board will represent the company until 2013.The new members are: Ahmed Yahia Al Idrissi and Khaled Saleh Al Rashedi. They will join existing members Waleed Al Mokarrab al Muhairi, elected as the company’s new chairman and Khaled Abdulla Al Qubaisi, who was reappointed as managing director. Ibrahim Al Ansaari, Abdul Raouf Al Bitar and Ali Saeed Al Badi Al Dhaheri all retained their directorships.
At the same meeting it was announced Tabreed chairman H.E. Khadem Al Qubaisi has stepped down, along with H.E. Khalifa Mohamed Al Mazrouei, H.E. Abdulla Khouri and Sujit S. Parhar.
“I would personally like to thank Khadem and the other departing board members for their immense contribution and guidance in overseeing the successful completion of our recapitalization program and the significant improvement in our operational performance,” said Waleed Al Mokarrab al Muhairi.
Other resolutions approved by shareholders included the board of directors’ report; the auditor’s report; the company’s balance sheet and profit and loss accounts; the absolution of the directors’ and auditor’s liability for 2010; and the appointment of the 2011 auditor.
“Tabreed is now positioned to capitalize on future growth opportunities and I am confident that our new board has the right blend of skills and experience to help the company achieve its full potential in the years ahead,” al Muhairi added.
The appointments were approved by shareholders of National Central Cooling Company PJSC (Tabreed).