Barakah Offshore Petroleum Bhd teams up with Vallianz Holdings Ltd to form a strategic alliance.
PETALING JAYA: Nik Hamdan Daud, who resigned from his posts as group president and chief executive officer of Barakah Offshore Petroleum Bhd
earlier this week has reduced his stake in the company he founded.
A Bursa statement said Nik Hamdan sold 10,000,000 shares on April 9, and another 5,000,000 on April 16, the day the company issued a statement about his resignation. With the disposal, he currently has a 31.44%, of which 31.15% is a direct stake in the integrated oil and gas solutions provider.
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