Egypt’s Maridive Chairman Passed Away

Egypt’s Maridive and Oil Services (MOIL.CA), the biggest oil services company by fleet size in the Middle East, announced that its subsidiary – announced on Wednesday that the company’s chairman Mr. Issa Hamed Eleish has passed away. As a result, the Egyptian Exchange management decided to suspend trading on the Maridive’s stocks until reviewing the news.

The late Capt. Issa Hamed Eleish has served as Chairman of the Board and Managing Director of Maridive and Oil Services S.A.E. He has held both positions since 1990. Capt. Eleish was also Chairman of the Board of Directors and a Managing Director of Maridive Offshore Projects Co. He was Chairman of the Board of Directors and a Managing Director of P & J Paste & Juice Co.

Additionally, he was Chairman of the Board of Directors of Valentine Maritime Limited, El Roda for Agriculture & Bestial Development Co., ISA Trading Co. and Baby Coca for Wears Co.

He was also a Member of the Board of Directors for National Transport & Overseas Services (NOSCO), Noba Fridge for Freezing & Food Supply and Minafarm Pharmaceuticals & Chemical Industries. Capt. Eleish was previously an office in the Naval Forces’ special services division. He was also a diving instructor and has experience in salvage in the Egyptian Commercial Navy, as well as Chief Officer of Cadet Instruction for Navigation and Seamanship. He holds a Bachelor of Science degree in Naval Sciences from the Egyptian Naval Academy. He has also studied deep mix gas diving and shallow diving and salvage.