Dubai-based marine fuel trader Oilmar completes management buy-out

UAE-based marine fuel and petroleum products trader Oilmar DMCC on Thursday (16 October) confirmed the successful completion of its Management Buy-Out (MBO), marking the formal transition of ownership to the company’s management team.

This comes following Oilmar’s previous announcement in September on the company’s management commencing the process of acquiring all shares of Oilmar in response to developments regarding its Ultimate Beneficial Owner and media reports. Oilmar did not name the said owner or elaborate on the media reports. 

“This strategic step ensures full operational independence, continuity, and reinforces the strong governance structure that has defined Oilmar since its inception,” Oilmar said in its latest statement. 

“The MBO was a stability-driven and strategic decision, fully aligned with Oilmar’s long-standing governance model, under which the management team has always led the company’s day-to-day operations, commercial strategy, and decision-making.”

“The former shareholder was a silent investor with no involvement in management or trading activities.”

Throughout the process, Oilmar said it remained fully operational, maintaining its strong financial standing, commercial relationships, and compliance standards.

“This transition builds on Oilmar’s proven leadership and long-standing values of excellence, integrity, and sustainable growth. The Company is now fully independent and well-positioned to continue executing its strategic growth plans with focus and stability,” it added. 

Related: ‘Developments’ regarding owner of Oilmar trigger buy-out process of shares

Photo credit: Manifold Times
Published: 17 October, 2025