Bunker trading firm Oilmar DMCC has commenced a management-led buy-out of all company shares to protect stakeholders’ interests and ensure continuity of operations during an ongoing investigation concerning its ultimate beneficial owner.
“This buy-out process is actively underway and is expected to be finalised within the next few days, the company said in an official statement on 22 September.
“This strategic move aims to ensure the continuity of our operations and protect the business from any potential disruption during the investigation period.”
Founded in 2015, Oilmar highlighted its ten years of service built on ethics, compliance, and operational excellence, and reaffirmed its commitment to those values.
It added: “We want to assure our stakeholders that this matter will not impact our day-to-day operations or our ability to deliver high-quality services.
“We will continue to operate as usual, maintaining the same standards of integrity and professionalism.”
