e-marine goes private

The formation took place recently in its first constituent general assembly where the company elected its members to the Board of Directors and discussed future plans and strategies.

During the assembly, Ali Mohammed Al Sharid was elected Chairman of e-marine PJSC at the general assembly and Omar Jassim Bin Kalban was re-appointed as Managing Director and Chief Executive Officer of e-marine PJSC.

Formation of the company, appointment of auditors and Board Directors, was chaired by Al Sharid. He said: 'The formation of the new company is to realign business and expand in the Gulf, West Indian Ocean and Red Sea regions, and beyond. All business activities of e-marine FZE will be continued and enhanced more by e-marine PJSC.'

e-marine FZE was a limited liability company established in Jebel Ali Free zone, hence had the limitation of both Free Zone establishment and LLC both. Whereas the registration as a Private Joint Stock Company (PJSC) will allow the company to have a better reach to the expanded base and added freedom to grow in all business aspects.

Bin Kalban, said: 'We assure that business will continue streaming as always, and will gradually span and expand across the region.

e-marine, the leading submarine service provider, specializes in laying cables for the Telecommunications and Offshore Power transmission industries and support services. E-Marine is the forefront of submarine cable works both regionally and internationally.

Strategically located in the Middle East, e-marine, with its sophisticated resources and competent technical staff enables prompt, efficient and cost-effective services to its customers.