11 October 2023

Gulf Marine Services PLC

('Gulf Marine Services', 'GMS', 'the Company' or 'the Group')

Appointment of Independent Non-Executive Director

GMS, a leading provider of advanced self-propelled, self-elevating support vessels serving the offshore oil, gas and renewables industries, is pleased to announce the appointment of Haifa Al Mubarak to the Board as an Independent Non-Executive Director with immediate effect.    

Ms Al Mubarak brings over 40 years' experience in the oil & gas sector and other related industries, having started her career at Abu Dhabi Company for Offshore Oil Operations in 1980. Ms Al Mubarak subsequently joined Abu Dhabi Marine Operating Company before founding Know How for Management Consulting in 2004. Know How for Management Consulting specialises in delivering key learning initiatives for blue-chip clients across the region, helping them create a platform for developing the managers and leaders of tomorrow, through data-driven strategies.

Ms Al Mubarak holds a BA in Psychology from the University of Denver, U.S.A, and is a certified practitioner for NLP, Myers-Briggs EQ-I 2.0 and EQ 360, as well as being a Psychometric Assessor.  

Commenting, Mansour Al Alami, Executive Chairman of GMS, said:

"We are delighted to welcome Haifa Al Mubarak to the board of GMS. In addition to her oil & gas and related industry experience, she offers great insight around best working practices, which for a company with over 500 employees, is key to ensuring ongoing efficiency and best practice. She joins the Company at an exciting time, with significant momentum behind the Company's core markets of oil & gas and renewables".  

There are no disclosures required to be made in accordance with LR 9.6.13R of the Listing Rules of the Financial Conduct Authority.

-ENDS-

Enquiries:

Notes to Editors:

Gulf Marine Services PLC, a company listed on the London Stock Exchange, was founded in Abu Dhabi in 1977 and has become a world leading provider of advanced self-propelled self-elevating support vessels (SESVs). The fleet serves the oil, gas and renewable energy industries from its offices in the United Arab Emirates, Saudi Arabia and Qatar. The Group's assets are capable of serving clients' requirements across the globe, including those in the GCC, Southeast Asia, West Africa, North America, the Gulf of Mexico and Europe.

The GMS fleet of 13 SESVs is amongst the youngest in the industry, with an average age of eleven years. The vessels support GMS's clients in a broad range of offshore oil and gas platform refurbishment and maintenance activities, well intervention work and offshore wind turbine maintenance work (which are opex-led activities), as well as offshore oil and gas platform installation and decommissioning and offshore wind turbine installation (which are capex-led activities).

The SESVs are categorised by size - K-Class (Small), S-Class (Mid) and E-Class (Large) - with these capable of operating in water depths of 45m to 80m depending on leg length. The vessels are four-legged and are self-propelled, which means they do not require tugs or similar support vessels for moves between locations in the field; this makes them significantly more cost-effective and time-efficient than conventional offshore support vessels without self-propulsion. They have a large deck space, crane capacity and accommodation facilities (for up to 300 people) that can be adapted to the requirements of the Group's clients.

Gulf Marine Services PLC's Legal Entity Identifier is 213800IGS2QE89SAJF77

www.gmsplc.com

Disclaimer

The content of the Gulf Marine Services PLC website should not be considered to form a part of or be incorporated into this announcement.