Home > OUR NEWS & MEDIA> Press Releases> 2021> Mr. Omar Al Bastaki, appointed Member of the GOSI Board Audit Committee
20 January 2021

OmarMr. Omar Al-Bastaki, Secretary to the Board of Directors of Gulf Petrochemical Industries Co. and Chief Internal Auditor, was appointed as an independent member of the Board Audit Committee for the Social Insurance Authority during the meeting of the Authority’s Board of Directors held on Thursday, 11 March 2021.

Dr. Abdulrahman Jawahery, President of Gulf Petrochemical Industries Co, expressed his delight that Mr. Al-Bastaki was appointed as an independent member of this important committee.  He confirmed that Mr Al-Bastaki deserved this appointment as he is very committed and has always delivered very high standards during his years with the company.  These traits show him to be a professional Bahraini leader with the exceptional ability to lead and effectively influence others.

GPIC’s President congratulated Mr. Omar Al Bastaki, and extended thanks and appreciation to His Excellency the Chairman and members of the Board of Directors for their distinguished and ongoing support to qualified Bahraini employees.

Mr. Omar Al-Bastaki holds a Bachelor's Degree in accounting from the University of Bahrain. He has also participated in various development programmes such as an extensive Leadership and Management Programme from Darden University, Virginia.

Through his commitment to continuous professional development, Mr. Omar Al-Bastaki also obtained a Master's Degree in Finance with distinction from the University of DePaul - Chicago, Illinois.  He is also currently in the process of finalising his Doctorate after successfully completing his thesis from Brunel University - London.

Mr. Omar Al Bastaki is a Certified Public Accountant (CPA) and is a member of several professional bodies and institutions including the American Institute of Certified Public Accountants (AICPA) and the Institute of Internal Auditors (IIA) and a is member of the Board of Directors of the Bahrain Internal Auditors Association.

Mr. Omar Al-Bastaki has achieved a successful career in Gulf Petrochemical Industries Company, where he has enjoyed intensive programmes in training and development both in the Kingdom of Bahrain and overseas. The programmes have included extensive training with GPIC’s shareholders, especially SABIC Agri-Nutrients Investment Company in the Kingdom of Saudi Arabia, and Petrochemical Industries Company in the State of Kuwait.  Omar joined GPIC starting in the Finance Department, before progressing Supervisor and then moving to work in Internal Audit Department, where he coordinated their activities before he was appointed as Chief Internal Auditor in 2012. He also reports directly to the Financial Audit and Risk Committee of GPIC’s Board of Directors, as Secretary to the Board, a position he was appointed to in 2018.

The Public Authority for Social Insurance is the official body responsible for providing insurance services to those subject to the Civil Retirement Law and the Social Insurance Law in the Kingdom of Bahrain. The authority was established with the aim of providing insurance cover to the elderly, disabled, in the case of death, work injury, and unemployment in the public and private sectors.

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