Gulf Downstream Association Holds Meeting of The Board and Annual General Assembly
Location : N/A
11 August 2020
Manama, Bahrain – 9 July 2020 - The Gulf Downstream Association (GDA) announced the successful conclusion of its first virtual Board of Directors Meeting of 2020 followed by the Annual General Assembly Meeting also held virtually on the same day, 9th July 2020. Presided over by Mr. Suleman A. Al-Bargan, Chairman of the Association, (Vice President Domestic Refining & NGL Fractionation – Saudi Aramco), the Assembly was attended by senior representatives of GDA Member companies, who gathered to review activities of the past year and the Association’s strategy for the year ahead.
Audah Al Ahmadi, Secretary General of GDA, discussed the impact of the COVID-19 crisis on GDA’s operations and actions taken to cope with it. He presented the 2019 Achievements and Way Forward Plan. Additionally, the Audited Financial Statement of 2019 and the appointment of the External Auditor for 2020 were approved by the members. Finally, the current Board of Directors were re-appointed by the Annual General Assembly for the next two years.
Commenting, the GDA Secretary General Mr. Audah Al Ahmadi said, “Despite the current challenges, GDA continues to work towards meeting our mission of driving further development of the region’s downstream industries through greater collaboration between our members and other key players in the industry both in the Middle East and around the world. In 2019, we successfully increased our membership by 87% and had a 100% membership retention rate. Currently, we are in the process of developing various new services for our members on virtual platforms. We look forward to leveraging the many resources we have developed, both real and virtual, to support our members and to keep building on the momentum we have achieved since our establishment in 2016.”
More information about GDA and becoming a member can be found by visiting: www.gda.org.bh
The Gulf Downstream Association (GDA) was established by its Founding Companies from Saudi Aramco, Kuwait Petroleum International (KPI), Bahrain Petroleum Company (BAPCO), Kuwait National Petroleum Company (KNPC) and Abu Dhabi National Oil Company (ADNOC). GDA is a pioneering, non-profit association and “point of reference” for all downstream players including industry professionals, corporate executives and legislators seeking to foster excellence and drive advancement through mutually beneficial engagement and industry collaboration. The Association was established to aggregate the scattered wealth of knowledge that lies across the global downstream industry in order to accelerate development and serve as a catalyst for strong and sustainable industry growth in the Gulf region and worldwide. GDA takes a leading role in supporting the local, regional and international industry through sharing of knowledge, experience and best practices. For more information, contact +973 1711 6000 or visit www.gda.org.bh.