Oman's Al Batinah Power names new financial chief
Mitsuo Nakamoto has been appointed as the chief financial officer and disclosure officer of Al Batinah Power, which owns the Sohar 2 and Barka 3 power plants
Al Batinah Power, an Omani independent power producer, has named a new head for its finance department.
So Murakami resigned as the company's chief financial officer and disclosure officer, and his departure was effective starting 31 January, 2018.
Mitsuo Nakamoto has been appointed to the role, with effect from 1 February, 2018.
Al Batinah Power, which is listed on the Muscat bourse, reported revenues worth $183.3m (OMR70.6m) in 2017, a 0.5% drop compared to corresponding 2016 values, worth $184.7m (OMR71.1m).
Meanwhile, the firm registered a 45.1% decline in its net profit, which reduced from $21.6m (OMR8.3m) in 2016, to $11.9m (OMR4.56m) in 2017.
The company's portfolio includes the Sohar 2 and Barka 3 power plants.