Focus

Megat Zaharuddin resigns from Sapura Energy board

06 May 2022 08:30pm
Tan Sri Megat Zaharuddin Megat Mohd Nor has resigned as independent and non-executive director effective tomorrow. - Photo: BERNAMA
Tan Sri Megat Zaharuddin Megat Mohd Nor has resigned as independent and non-executive director effective tomorrow. - Photo: BERNAMA

KUALA LUMPUR - Sapura Energy Bhd (SEB) today announced that Tan Sri Megat Zaharuddin Megat Mohd Nor has resigned as independent and non-executive director effective tomorrow.

According to the filing with Bursa Malaysia, the 73-year-old corporate figure is stepping down to pursue other interests.

The oil and gas service provider also said he would also cease to be the chairman of its nomination and remuneration committee on May 7.

The company recently appointed Datuk Mohammad Azlan Abdullah as its new chairman, effective May 7, 2022, to succeed Tan Sri Shamsul Azhar Abbas, who is retiring on the same date, upon reaching the age of 70.

Permodalan Nasional Bhd, its largest shareholder with 12.16 equity interest, said it looked forward to Mohammad Azlan’s leadership in steering SEB through the company’s restructuring and turnaround process.

SEB reported a net loss of RM8.90 billion for the financial year ended Jan 31, 2022 (FY2022), compared with a net loss of RM160.87 million the year before.

In FY2022, the group made provision for impairment on goodwill on consolidation of RM3.29 billion and provision for impairment on property, plant and equipment of RM2.32 billion. - BERNAMA

Related Articles:
Sapura Energy
Megat Zaharuddin Megat Mohd Nor
More Like This
The interior of Norpadilah's home, which features an English-style 'farmhouse' concept while still preserving its Malay identity. - Photo by Bernama
The interior of Norpadilah's home, which features an English-style 'farmhouse' concept while still preserving its Malay identity. - Photo by Bernama
National Creative ideas using recycled materials generate lucrative income for housewife
Who would have thought that crafting items from discarded materials could generate an income of thousands of ringgit?
Malaysian biker Katiravan Subrayan made his way to the southern part of the globe, travelling through Latin America. - Photo by Bernama
Malaysian biker Katiravan Subrayan made his way to the southern part of the globe, travelling through Latin America. - Photo by Bernama
National Katiravan Subrayan’s endeavour to save the planet takes him to Antarctica
On Nov 12, Katiravan became among the handful of Malaysians who set foot on the icy continent.
Malaysia's capital market reached a significant milestone in 2024, surpassing the RM4 trillion threshold, driven by strong domestic fundamentals that helped overcome complex and multifaceted global economic challenges. - BERNAMA FILE PIX
Malaysia's capital market reached a significant milestone in 2024, surpassing the RM4 trillion threshold, driven by strong domestic fundamentals that helped overcome complex and multifaceted global economic challenges. - BERNAMA FILE PIX
National Malaysia's capital market overcomes global economic hurdles in 2024 to cross RM4 trillion mark
Global market volatility escalates as more central banks recalibrate monetary policies.
B-Goolee comes in three variations: B-Goolee Ori, B-Goolee i-See, and B-Goolee Spark, each offering unique features as effective learning tools for visually impaired individuals. - Photo by Bernama
B-Goolee comes in three variations: B-Goolee Ori, B-Goolee i-See, and B-Goolee Spark, each offering unique features as effective learning tools for visually impaired individuals. - Photo by Bernama
National 10,000 free braille-based games to be distributed to visually impaired students
B-Goolee, short for Braille-Goolee is an innovative mind-challenge game inspired by the Goolee board game and mobile app.