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    GULF INVEST SERVICES HOLDING

     Resignation of the Chief Executive Officer

    May 02, 2018 09:25 AM

    In terms of the disclosure requirements for the listed companies at the Muscat Securities Market, we would like to inform investor community that Mr. Pradeep Asrani, Chief Executive Officer (CEO) of Gulf Investment Services Holding Co. SAOG (GIS), has decided to retire after 42 years of active career in the commercial and investment banking industry and tendered his resignation from the services of the Company.

     

    The Board of Directors of GIS, at its meeting held on Tuesday, May 01, 2018, has accepted the resignation of Mr. Pradeep Asrani and has agreed to relieve him from his official duties at the close of office hours on Sunday, June 10, 2018. Mr. Pradeep Asrani shall continue in his present position till the date of his relief from the services of GIS. The Board has nominated Mr. Ehab Alexan Girgis Kost as the Acting Chief Executive Officer with effect from June 11, 2018, till further notice.

     

    The Board would like to place on record its deep appreciation of the dedicated and valuable services rendered by Mr. Pradeep Asrani to the GIS Group since his appointment as the CEO of GIS in 2005. The Board members wish Mr. Pradeep Asrani a happy and contented post retirement life.


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