Info on our esteemed JV partners who have failed to advance the...

Info on our esteemed JV partners who have failed to advance the transfer of the ML and have issued further
payment timing demands that are outside the terms of the HoA and are therefore unacceptable to Alara

Manajem (established in 2004) comprises a group of engineers and businessmen experienced in the

industrial, construction and engineering fields ...........   but not in following through with HoA conditions (my words) .

– Chairman & GM

Engr. Mohammad Abdullah Nasser Al‐Hatlani (24.67% shareholder)

founder and owner of Delta Consulting Group, Metals Corners Holding Co., Naga Metals Co.,

and Nassaf Metals Co.

– Deputy Chairman, CEO & CFO

Mr Nasser Ali Sulaiman Al Agel (33.33% shareholder) founder

and owner of Metals Corners Holding Co., Naga Metals Co., and Nassaf Metals Co.

– Boardmember

Engr. Mohammad Hussain Al Assaf (33.33% shareholder) founder and

owner of Andas Telecommunication Est., Rick Trading Est., and Indipco Ductile Pipes Co.

– Board member

Engr. Abdul Rahman Al‐Hatlani (8.67% shareholder) partner in Delta

Consulting Group – Brother of the Chairman (above) – together they hold 33.3%