– UAE, Fujairah – Brooge Energy Ltd. (NASDAQ: BROG) today announced the appointment of Nariman Karbhari and Tony Boutros to its Board as Independent Directors effective as of May 16, 2021.
Brooge Energy is a midstream oil storage and service provider strategically located outside the Strait of Hormuz, adjacent to the Port of Fujairah in the United Arab Emirates.
“We are delighted to welcome Tony Boutros and Nariman Karbhari to our Board of Directors and Audit Committee. They are both highly experienced professionals who will provide invaluable advice as Brooge Energy enters the next chapter in its growth. Tony’s knowledge of audit and accounting, and Nariman’s expertise from decades of working in the financial sector will support our commitment to corporate governance. I look forward to their engagement and assistance in guiding our objectives. In addition, we would like to thank Abu Bakar Chowdhury for his service on the Board and his invaluable support and guidance, as he has chosen to commit his time to other endeavours.” said CEO, Nicolaas Paardenkooper.
Nariman Karbhari and Tony Boutros have been appointed to the Audit Committee with Mr. Boutros named Chairman of the Audit Committee.
About Tony Boutros
Tony Boutros has been a Managing Partner of Boutros, Cordahi & Associates since May 2019. BCA is a Professional Civil Company providing audit, tax, and advisory practice including financial due diligence, feasibility studies, and valuations. BCA is the Lebanese Member Firm of Ecovis International. From May 2013 – May 2019 he served as Managing Partner of Boutros, Saghir, and Associates “BSA”, a Professional Civil Company. Before that, he worked as an audit and advisory contractor at Usamah Tabbarah & Co – Nexia International from April 2012 – January 2013. Mr. Boutros worked at KPMG Lebanon from 2002 – 2012, including as the Lead Audit Partner, and at PricewaterhouseCoopers Lebanon from 1998 – 2002.
Mr. Boutros is a Lebanese Certified Accountant and has a Master of Business Administration from the Lebanese American University.
About Nariman Karbhari
Nariman Karbhari has worked as Managing Director and CEO of Spenta Advisory FZE since 2015 where he is responsible for arranging banking facilities for clients. From 2013 – 2015 he was Head of Corporate and Commercial Banking, Finance House PJSC, and from 2009 – 2013 he was Head of Investments and Treasury, Al Jaber Group, where he was responsible for arranging syndications, raising other banking facilities, and managing investment portfolios over AED 2.5 billion to 3 billion. He was also Head of Corporate, National Bank of Dubai, Abu Dhabi Region from 2005 – 2009 and Deputy Head of Corporate Banking, National Bank of Abu Dhabi, from 1994 – 2008. Before that, he worked as a relationship manager at the National Bank of Fujairah and the Commercial Bank of Dubai and as an accountant at Al-Abbas Trading Co., Dubai.
About Brooge Energy Limited
Brooge Energy conducts all of its business and operations through its wholly-owned subsidiaries, Brooge Petroleum and Gas Investment Company FZE and Brooge Petroleum and Gas Investment Company Phase III FZE, Fujairah Free Zone Entities. Brooge Energy is a midstream oil storage and service provider strategically located outside the Strait of Hormuz adjacent to the Port of Fujairah in the United Arab Emirates. Its oil storage business differentiates itself from competitors by providing customers with fast order processing times, excellent customer service, and high accuracy blending services with low oil losses.
For more information: https://broogeenergy.com/
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