Al Hassan CEO resigns after just three months
Dr Fahd Al Haj Bakour resigns for personal reasons; board to replace
Dr Bakour was announced as the firm's new CEO on 14 January, having previously worked in construction management for 25 years, including a stint as executive director for an EPC contractor in the UAE.
He replaced longstanding CEO Peter Hall, who had been in the post for five years and was subsequently retained as a consultant.
However, in a statement to the Muscat Securities Market yesterday the company said that Dr Al Haj Bakour had "submitted his resignation due to personal reasons to the board of directors, which has been accepted".
"Necessary actions are being taken by the board to arrange for replacement," it added.
Last week, Al Hassan Engineering announced that it had received an $11mn order for enabling and site preparation works from the Daelim Petrofact joint venture that won a $2.1bn project in November 2013 to upgrade the Sohar Refinery for the Oman Oil Refineries & Petrochemical Industries Corporation (ORPIC).
Al Hassan's contract is expected to complete by October.