Gulf Industrials Limited announced the appointment of Mr. Luca Bechis and Mr. Alun Frost as NonExecutive Directors to the Board and the resignation of Mr. Jonathan Best as a NonExecutive Director. Luca Bechis has 25 years experience in international finance. Mr. Luca Bechis will also become Gulf's new Chairman following the resignation of Mr. Jonathan Best.

Alun Frost is a South African Chartered Accountant and is currently an executive, advising the Jonah Capital Group of companies. As part of the board changes, Gulf also announces that Mr. Jonathan Best will stand down as Chairman and director with immediate effect.