Shareholders of Gulf International Pipe Industry LLC (GIPI) appoint Sheikh Abdullah Al-Salmi as Chairman of the Board of Directors

According to Hamdan Al-Shaqsy CEO of GIPI, “We are extremely delighted on this appointment. The company stands to benefit tremendously from Sheikh Abdullah’s vast experience and unique perspective as we progress with full confidence to build strong company foundations in internationally recognized business practices and Governance structures”.

Shk. Al-Salmi, Executive Vice President - regulatory affairs, CMA and Chairman of the Muscat Securities Market (MSM), has played an important role in rebuilding MSM after the crash of 1998 into one of the best-regulated and attractive markets in the region. Mr. Al-Salmi started his career in 1987 and holds a Bachelors Degree in commerce from Halwan University in Cairo, Egypt and an MBA from the University of Durham in the UK.

Reacting to this appointment Shk. Abdullah stated “I am honored to be nominated by the Shareholders of GIPI for this important role as I can see a huge potential for GIPI and the Omani Steel Industry in general in the GCC region and beyond. GIPI will set the benchmark and secure a place for our beloved Oman in the International map as a Steel manufacturing nation with self dependency on finished products. As you know GIPI will be the first ever 24” ERW high pressure carbon Steel pipe and casing manufacturing company in the GCC region and it gives me enormous pride to be part of the team shaping up this industry in Oman and the wider GCC region”.