Mohamed Osman, the long-serving general manager of the United Arab Emirates’ family-owned oil group Fal Oil, has left the company at a time when gaining creditor confidence is crucial to sealing a debt restructuring deal.
Mr Osman, who has worked with the company for decades, had his employment contract terminated earlier this month, people familiar with the matter say. Fal, one of the largest independent oil traders in the Middle East, is expected to announce the new appointment imminently.
Mr Osman could not be reached for comment.
No comments:
Post a Comment