AMOC Follow Up Meeting
His Excellency Eng. Tarek Al Mulla has convened with AMOC’s board members in a follow-up meeting chaired by Chem. Amr Mostafa; AMOC’s Chairman and CEO on the 21st of June 2017.
Mr. Al Mulla explored the latest developments in the activity expansion plan endorsed earlier in AMOC’s EGA which was held on the 25th of February 2017.
AMOC provided an overview of the company’s financial situation and sales position as compared to the same quarter last fiscal year.
In addition, AMOC put up an outline for its development in the core activity upgrading projects highlighted in AMOC-AXENS Revamping Contract to develop the second phase of MDDU Units.
Steps towards the new materializing financial strategy were also reviewed, on top of which were:
- Crude Oil processing
- AMOC stock split
- GDRs issuance