Dana Gas appoints new General Manager to head up Saudi Arabia branch

Salah Abdulrahman Al-Huzami, with over 20 years of experience in banking, trading and industry, Al-Huzami is the choice of Dana Gas' Board of Directors to take forward the company's operations in Saudi Arabia as it seeks to increase its presence and activities in the natural gas business within the Kingdom.

"We warmly welcome Salah Abdulrahman Al-Huzami to Dana Gas and strongly believe he will prove capable in assisting our objective of rapidly establishing core positions in the natural gas value chain in the main countries of the region - in this case, Saudi Arabia," said Rashid Saif Al-Jarwan, General Manager of Dana Gas. "The natural gas sector in the Kingdom is still in early stages of rapid growth, with private companies engaged in exploration and production, through to petrochemicals expansion. With its strong shareholding and association with Saudi Arabia from company inception, Dana Gas is committed to playing a key role in the development there."

Holding a BSc in Industrial Management from the King Fahed University of Petroleum and Minerals in Dhahran, Saudi Arabia, Salah Al-Huzami has held several management positions in Saudi companies, endowing him with a rich variety of experience. Prior to his post with Dana Gas, he has been Deputy General Manager of Marketing for Saudi Cement Company, Branch Manger for United Saudi Commercial Bank in Khobar, and Head of Branches Network Section for Saudi French Bank, in the Eastern Province.

"I'm delighted to be joining a company as prestigious as Dana Gas and am determined to help them become the leading private-sector energy company in the Middle East," said Salah Abdulrahman Al-Huzami, General Manager, Dana Gas, Saudi Branch. "Saudi Arabia is witnessing momentous growth in its energy sector, in particular the natural gas sector, and our goal is to play a major part in this process. By building upon our considerable existing assets, while leveraging upon our unique combination of regional relationships, wide regional shareholding, and technical and financial capabilities, our business activities here in the Kingdom will be an important focus for Dana Gas going forward."

Dana Gas opened its office in Al Khobar in November 2006 with a special ceremony attended by the Executive Chairman and several Board Members, in addition to major founders and investors from the Kingdom and other local dignitaries. Almost half of the original 12 founders of Dana Gas hail from the Kingdom, and its list of founders include many prominent Saudi individuals, institutions and companies, thus Dana Gas has had a strong affiliation with Saudi Arabia ever since the company was established.

Dana Gas, listed on the Abu Dhabi Stock Market (ADSM), has approximately 25% of its shares owned by Saudi nationals, who also account for 40% of the average shares traded. Three prominent Saudi business-men are members of the company's Board of Directors: Sheikh Khalid Abdulrahman Al-Rajhi, Sheikh Adib Abdullah Al-Zamil, and Sheikh Abdulaziz Hamad Al-Jomaih. Several Saudi banks, financial institutions and business groups are among the major investors in the company.

Dana Gas, headquartered in Sharjah in the UAE, has announced plans to open a network of offices across the Gulf region and the wider Middle East, to enhance its business development activities in the pursuit of new projects in the rapidly expanding natural gas sector across the Region.