Built to inform

Sign up for the daily newsletters

No, Thank you

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's portfolio includes the Sohar 2and Barka 3 power plants [representational image].
Al Batinah Power's portfolio includes the Sohar 2and Barka 3 power plants [representational image].

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. 

READ: Six power and water firms to launch IPOs in Oman over next three years

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. 

Most popular

Awards

CW Oman Awards 2019: Nominations deadline extended
One-week extension comes as Omani construction heavyweights seek to enter additional entries for March event

Conferences

Leaders Kuwait 2018: New Kuwait 2035 needs smart city-led contracts
Localisation and contract modernisation are essential for Kuwait's diversification strategy
Construction Week's Leaders Kuwait 2018 summit opens
Speakers from Kuwait's Supreme Council for Planning and Development and CSCEC ME are at today's

Latest Issue

Construction Week - Issue 725
Jan 19, 2019