RAK Petroleum plc Announces a Change in Board of Directors

Press release

Published May 13th, 2022 - 04:47 GMT

Mr. Ahmed Jawa has informed RAK Petroleum plc (the “Company”) that he wishes to resign as a member of the Board of Directors effective immediately. He notes that his resignation does not arise from any disagreement with the Company regarding its policies, operations, or practices.

The Board of Directors of the Company has today accepted his resignation. The Company extends its appreciation to Mr. Jawa for his years of service as a Director.

Bijan Mossavar-Rahmani, the Company’s Executive Chairman, said: “I extend my personal thanks to Ahmed for the many insights and good judgment he brought to RAK Petroleum for many years and I and the entire Board wish him much success and joy in his future endeavours.”

Background Information

RAK Petroleum

RAK Petroleum plc is an Oslo Børs - listed oil and gas investment company established under the laws of England and Wales as a public limited company. It succeeded to substantially all the assets, liabilities and business of RAK Petroleum Public Company Limited (“RAK Petroleum PCL”), a Ras Al Khaimah Free Trade Zone company, in November 2014. Its principal holdings are 40.45 percent of DNO ASA and 33.33 percent of Foxtrot International LDC held through Mondoil Enterprises, LLC.