Page 10 - DUBAL HOLDING PR REPORT - JULY 2024

News Brief

DUBAL Extrusion Investment LLC appoints new CEO for OSE
Industries

Dubai, 28 July 2024: DUBAL Extrusion Investment (DEI), a 100 percent subsidiary of

DUBAL Holding (DH), has appointed Faisal Sarhan as the new Chief Executive Officer (CEO)
of OSE Industries, a local aluminium extrusion company, wholly owned by DEI.

Sarhan is set to assume the role of CEO at OSE following Magdy Samoul’s tenure since 2012.
Magdy Samoul will now be transitioning to DEI, where he will serve as an advisor focusing

on the strategy development and implementation of projects.

Sarhan brings a wealth of experience in leading strategic initiatives and implementing various

innovative solutions to enhance productivity and profitability in the field. He joined OSE as its

Deputy CEO in Nov 2023 and played a vital role in reinforcing the company’s strategic
leadership and operational excellence to drive its success. Prior to joining OSE Industries, he

was with Emirates Global Aluminium (EGA), where he served various key roles over a period
of 18 years.

Commenting on his new appointment, Sarhan said: “I am delighted to assume the new role of

CEO at OSE Industries and anticipate collaborating with our skilled team to further strengthen
the company’s solid foundation and drive sustainable growth. My primary objective is to

ensure maximum value for our stakeholders and establish OSE Industries as a leader in the
extrusion industry.”

The leadership transition comes at a pivotal time as the aluminium extrusion industry is

witnessing substantial growth investments. In this new position, he will oversee all aspects of
operations, drive business strategies and cultivate a culture of innovation and excellence to

efficiently navigate and capitalise on industry developments.

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About DEI: