Powering A Bright Future

On behalf of the Board of Directors, it is with great pleasure that we present the 2021 Chairman’s report for The Oil and Gas Holding Company B.S.C. (c) (“nogaholding” or the “Company”).

First and foremost, we would like to express our sincere gratitude and respect to the wise leadership of the country and extend our appreciation to His Majesty King Hamad bin Isa Al Khalifa and His Royal Highness Prince Salman bin Hamad Al Khalifa, Crown Prince and Prime Minister of the Kingdom of Bahrain, Chairman of the Higher Committee for Energy and Natural Resources, who have been instrumental in inspiring and facilitating the nogaholding vision, guiding the energy sector’s transformation, and enabling us to deliver sustainable returns.

The year 2021 saw the induction of new leadership at the Board and Operating Companies’ levels, heralding a change in direction for nogaholding that will see the Company through 2022 and beyond. With our appointment as Chairman of the Board of Directors by royal decree issued by His Majesty King Hamad bin Isa Al Khalifa, we also integrated a new Group Chief Executive Officer, Mr. Mark Thomas, who brings with him a wealth of knowledge and decades of experience from global Chairman’s Statement H.H. Shaikh Nasser Bin Hamad Al Khalifa Chairman of the Board of Directors energy giant, bp. The change in leadership has culminated in a new vision for the Group. We are now embarking on an era of transformation from an oil and gas company to a progressive and responsible energy player with a clear mandate to develop the nation’s sustainable energy sources and stimulate economic growth and development in the Kingdom of Bahrain.