Management Profile

Rashed al Suwaidi – ChairmanMr. Rashed Al Suwaidi – Chairman

Mr. Rashed Al Suwaidi is a Petroleum Engineer, having graduated from the USA, in 1981. Mr. Al Suwaidi held several senior posts in the Abu Dhabi National Oil Company (ADNOC), including the position of Exploration and Production (E&P) Director. He was con-currently a Board member of most of the ADNOC subsidiaries, including ADMA, ADCO, ZADCO, ADGAS, NDC (Chairman), ADDCAP (Chairman), ADPPOC and others. He left ADNOC in 1999 and went on to acquire Essar Drilling in 2002, which was transformed into Dalma Energy. This company was sold to a new IPO, Aabar Petroleum, in 2005. Both Aabar, which was initiated by Mr. Al Suwaidi, and Dalma continue to flourish.

He is also on the Board of Noor Capital, Delma Exchange, and Arabian Gulf Steel Industries. Moreover, he was appointed as an Independent Board Member of National Investment Corporation and Gulf Capital. In addition, he is Chairman of Horizon Energy, ALSA Engineering, Control & Applications Emirates (CAE), and Control and Applications Group (CAG). He was also appointed as an independent non-executive Chairman of Al Maha Petroleum Products Marketing Co. SAOG from 2004-2010.

Mr. Al Suwaidi’s Company, Horizon Energy was part of a consortium of investors that acquired Gulf Marine Services (GMS), a world leading provider of self-propelled self-elevating support vessels (SESVs). In March 2014, GMS achieved a premium listing on the London Stock Exchange, through a successful IPO which raised gross proceeds of approximately US $ 110 million. Furthermore, Horizon Energy entered into a partnership agreement with Oman Chlorine, a Muscat listed company for the establishment of Union Chlorine, a chlorine-alkali plant in Abu Dhabi, where Mr. Al Suwaidi holds a Board Seat.

Mr. Al Suwaidi was also highly instrumental in developing and growing the businesses of international players such as V-Monitor and Merla under Control and Applications Group which were later acquired by well-known multinational companies providing the shareholders of these entities with an extraordinary return on their investments.

Mr. Al Suwaidi served as a Board Member of the Abu Dhabi Chamber of Commerce & Industry (ADCCI) and the Abu Dhabi Council for Economic Development.

Mahra Rashed Al SuwaidiMahra Rashed Al Suwaidi – CEO

Prior to being apponted as CEO of Horizon Energy, Mahra Rashed Al Suwaidi had been the Vice President in the Treasury unit of Mubadala Development Company. Mahra had over ten years of expreience in the Treasury field. She was responsible in coordinating the Business Continuity Plan of Mubadala, managed the Mubadala captive company (MDC (RE) Insurance Limited)- the first Abu Dhabi based captive listed at DIFC, and oversaw the insurance activities of Mubadala Healthcare Unit’s portfolio of assets including Cleveland Clinic Abu Dhabi, Imperial College London Diabetes Centre, and many others.

Mahra was the first woman in Mubadala to hold board member position in companies partially and wholly owned by Mubadala, serving on the Board of MDC (RE) Insurance Limited as well as Boards of other private companies. Mahra also sat on the Mubadala Corporate Compliance Committee.

Mahra also had worked for five years in Dolphin Energy Limited, handling the daily cash management activities, overlooking the treasury transactions of both UAE and Qatar, and planning the budgeting forecasts.

Mahra had a Bachelor of Science in Business Administration with a major in Marketing and Management and a minor in Banking and Finance from the American University of Sharjah in the UAE.

Prasanto ChakraborthyPrasanto Chakraborthy – Chief Financial Officer

Prasanto Chakraborthy is a qualified Chartered Accountant from the Institute of Chartered Accountants of India and in addition has a Master of Commerce Degree with specialization in Financial Management.

He is a Senior Finance Professional with over 20 years experience in the Oil & Gas Service Industry Organizations in Middle East & India and prior to joining as Chief Financial Officer for Horizon Energy LLC, has worked for over 6 years in Dalma Energy, a major Oil & Gas Drilling Contractor in Middle East, holding Senior managerial Positions like Commercial Manager in Country Operations (Oman / Qatar) & Corporate Finance Manager at the Group Level and finally for around a year as Acting CFO for the Group. Immediately prior to this, he was associated with Essar Oil Limited, which operates as integrated Oil Company in India, for over 9 years and served as DGM – F&A and Finance Manager for its Offshore Construction, Exploration, and Corporate Finance & Drilling Divisions and was also responsible for Corporate Accounts for the Company.

Mohamud HajiMohamud Hassan Haji – Vice President – Business Development

Mohamud joined Horizon Energy Group in early 2011 as Vice President – Business Development. Mohamud also is a partner and General Manager of Horizon Representation of Companies L.L.C.

Mohamud has over 30 years engineering experience in the oil and gas industry specializing in the liquefied gas industry. He has worked for the Abu Dhabi National Oil Company (ADNOC) for 25 years with ADGAS. After this posting, he was General Manager for Abu Dhabi of IMV Projects in Calgary, Canada and of Mustang Engineering in Houston, USA, engineering oil and gas facilities.