Tayyeb Al Mulla is Gulf Energy board director

Tayyeb Al Mulla (SUPPLIED)

Tanker operator Gulf Energy Maritime yesterday said it has appointed Tayyeb Al Mulla of International Refining & Marketing (IRM), an affiliate of Dubai's Emirates National Oil Company (Enoc), as a director on its board.

Al Mulla takes over from Mirza Al Sayegh, who held the position for the past four years, and will now be a part of the Gulf Energy board, which provides strategic input and direction to the $1.3 billion (Dh4.77bn) Dubai-based energy transporter.

Al Sayegh also heads the investment affairs of the office of Sheikh Hamdan bin Rashid Al Maktoum, Deputy Ruler of Dubai and Minister of Finance, besides chairing several other governmental and privately owned enterprises.

With more than 20 years of experience in the petroleum industry, Al Mulla started his career with Abu Dhabi National Oil Company (Adnoc) in 1980, before moving to Emirates Petroleum Products Company (Eppco) in Dubai, eventually assuming the position of chief executive of IRM at Enoc in 1992. Al Mulla is also director of the board of several companies within the Enoc Group.

Al Mulla will be involved in strategic decision making along with other board members, which has long lasting impact on the company's business plans. With Gulf Energy's 810 per cent growth in the past four years, Al Mulla will also be responsible for continuing the impressive progress that the company has witnessed since its inception.

"Tayyeb Al Mulla has had a long and fruitful history in the regional petroleum industry, and his appointment as director of the board at GEM will surely benefit the company's growth strategy," said GEM CEO Ahmed Essa Hareb Al Falahi.