Type Public limited company Industry Oil and gas Headquarters Dubai Founded 2005 | Traded as OSE: RAKP Website RAK Petroleum Founder Saud bin Saqr al Qasimi | |
Key people Bijan Mossavar-Rahmani (Executive Chairman)
Arya H. Bolurfrushan (General Manager & Chief Financial Officer)
Kevin Toner] (General Counsel and Director of Legal Affairs) Products crude oil and oil products (fuels, lubricants)
natural gas (LNG, LPG)
Petrochemicals | ||
Rak petroleum orders wave piercer vessel
RAK Petroleum is the largest private oil and gas company in the Middle East. RAK Petroleum is based in Dubai, United Arab Emirates. It holds an ownership stake in a publicly traded Norwegian oil and gas company DNO International with properties located in the Kurdistan Region of Iraq, the Republic of Yemen, the Sultanate of Oman, the United Arab Emirates, and Tunisia. The company was founded in 2005 and its headquarters in based in Dubai.
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History
RAK Petroleum Public Company Limited was formed as a public company limited in the Ras Al Khaimah Investment Authority Free Zone with an initial capital of USD 820 million, raised through private placement. RAK Petroleum's shares are closely held by leading institutions, regional banks, investment funds and prominent individuals in the United Arab Emirates, Saudi Arabia, Bahrain, Kuwait and Oman. Members of the Board of Directors and management are invested in the Company as well.
Shareholders
RAK Petroleum Public Company Limited had 407 shareholders as of 31 December 2012. Shares are listed on the Oslo Stock Exchange.