Gulf Marine Services Appoints Non-Executive Director

Source: 8/23/2021, Location: Middle East

GMS, a leading provider of advanced self-propelled, self-elevating support vessels serving the offshore oil, gas and renewables industries, announces that Charbel El Khoury has been appointed as a Non-Independent Non-Executive Director of the Board with immediate effect. Mr El Khoury was nominated to be considered for appointment by the Board by Mazrui Investments LLC, a major shareholder in the Company.

Charbel El Khoury is Group CEO of Mazrui International LLC ('Mazrui International'), a UAE based diversified investment company, with significant reach in the energy, industrial, real estate and trading sectors. Charbel guides Mazrui International's growth strategy, taking the lead role in its investments, operations, mergers and acquisitions, project finance and joint ventures. Mazrui International is affiliated with Mazrui Investments LLC.

Charbel started his career in prominent legal practices in Lebanon and the UAE before assuming the role of Chief Legal Officer at Mazrui International, where he was responsible for multiple jurisdictions and industry sectors. He holds a number of board positions across international organisations in which Mazrui International has invested including, Hilti Emirates, Air Liquide, Carbon Holdings and Gulf Refining Company NV.

Charbel has a Bachelor's degree in International Law and Legal Studies, and a Master's degree in Private Law, both from Sagesse University. In 2021, he also successfully completed the Harvard Business School executive education program.

The Board remains in the process of recruiting an additional independent Non-Executive Director and a further announcement will be made once an appointment has been made.

There are no matters requiring disclosure under Rule 9.6.13R of the Listing Rules.

Commenting, Mansour Al Alami, Executive Chairman of GMS, said:

"We are delighted to be further strengthening the Board with the appointment of Charbel, to whom we extend a warm welcome. As Group CEO of Mazrui International, he brings a depth of industry knowledge and a track record of creating value for shareholders. We look forward to his contribution as we continue to solidify our position as the world's leading provider of advanced self- propelled self-elevating support vessels supporting the oil, gas and renewable energy industries."

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