Adel Almoayyed chaired a meeting of the Bapco Board of Directors which held at the Bapco Refinery and 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 2012 Financial Statements and the Chairman’s Report to the General Assembly were reviewed and approved. An updated Corporate Governance document was presented to the Board for review and this was approved. Audit and risk management issues were reviewed and improvement initiatives discussed. The Board expressed satisfaction with the progress on compliance with National Audit Court follow up points.
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.