KUALA LUMPUR (Apr 14): Oil and gas (O&G) veteran Datuk Muhamad Noor Hamid has been appointed to the board of SapuraKencana Petroleum Bhd as a non-executive director, effective today.
According to a filing on Bursa, SapuraKencana (fundamental: 1.3; valuation: 1.4) said Muhamad Noor, 63, has more than 30 years of direct working experience in the O&G industry ranging from project planning and implementation to operations, consultation and contracts.
Muhamad, it said, obtained a Bachelor of Science (Hons) degree in Mechanical Engineering from the Sunderland Polytechnic, England, in 1977, and a post-graduate diploma in Natural Gas Engineering from the Institute of Gas Technology in Chicago, Illinois, US, in 1980.
He has also held numerous positions during his 20 years of service in Petroliam Nasional Bhd (Petronas) and Petronas Gas Sdn Bhd, including being head of the Peninsular Gas Utilisation II project team, said SapuraKencana.
In 2000, he was appointed the chief operating officer (COO) of Projass Engineering Sdn Bhd, a Class A Bumiputera construction company involved in O&G, power and infrastructure works.
“He then joined Gas Malaysia Bhd in 2003 as the COO and was subsequently appointed the chief executive officer in February 2004. On April 24, 2006, he was promoted to the post of managing director before retiring on Dec 31, 2013,” it further noted.
He is currently a non-independent and non-executive director of Malakoff Corp Bhd, a post he held since July 13, 2009.
SapuraKencana closed unchanged at RM2.40 today, which gives it a market capitalisation of RM14.38 billion.
(Notes: The Edge Research's fundamental score reflects a company's profitability and balance sheet strength, calculated based on historical numbers. The valuation score determines if a stock is attractively valued or not, also based on historical numbers. A score of 3 suggests strong fundamentals and attractive valuations.)