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BOARD OF DIRECTORS

Members

The Board of Directors consists of six members including the Chairman. Each member is appointed by the respective shareholder company. The Board Members are as follows:


Name of Board Member
Shareholder Company
Shaikh Abdullah Salim Al-Salmi (Chairman)
Arkan Group LLC
Mr Kalat Al-Balushi, (Deputy Chairman)
Oman Investment Corporation (S.A.O.C)
Mr Tariq Al Amri
Mr Masoud Al Barwani
Golden Dunes Investments LLC
Mr Deepak Bindal
Gulf Investment Corporation
Mr Choi.Jung
POSTEEL Co. Ltd.

ROLE OF BOARD

The Board of Directors meets on a quarterly basis or more frequently as required. The primary functions of the Board of Directors will include reviewing and approving strategic plans and budgets, reviewing company performance, approving the Annual Audited Financial Statements and recommending the distribution of dividends to shareholders. The agenda for meetings of the Board of Directors will include the following:

Reviewing management reports on GIPI's performance assessing performance of GIPI's key divisions and issuing directives and guidelines for the future.

  • Approving GIPI's annual budgets
  • Discussing audit related issues and other statutory obligations of GIPI
  • Appraising the progress made on major capital expenditure projects
  • Evaluating progress made on special projects mandated by the Board of Directors
  • Approving the disbursements of bonus and production incentives for GIPI employees
  • Approving the distribution of dividends
  • Approving any long-term loan and other credit facility of GIPI
  • Appraising the effectiveness of GIPI's implementation of the Omanisation programme
  • Discussing other topical issues that concern GIPI's performance
PROJECT EXECUTIVE COMMITTEE (EC)

The project executive committee, is a sub-committee of the Board tasked with the responsibility to monitor and review project progress on a continious basis with a formal meeting held once each month. The below table provides the nominated EC members from each Shareholder company:

Name of Board Member
Shareholder Company
Mr Kalat Al-Balushi, (Chairman)
Oman Investment Corporation (S.A.O.C)
Mr Deepak Bindal, (Deputy Chairman)
Gulf Investment Corporation LLC
Mr Hamdan Al Shaqsy
Mr Masoud Al Barwani
Golden Dunes Investments LLC
Mr. M.K. Ji
POSTEEL