Arab Shipbuilding and Repair Yard Company (Asry) chairman Ayman Almoayyed honoured former chairman Yousif Isa Bubshait in a lunch ceremony hosted at the company headquarters in Hidd.
The ceremony was attended by managing director Mazen Matar, members of the board of directors, representatives of the shareholding countries, and the Asry executive management team.
The chairman thanked Mr Bubshait for his contributions to the success of the company and expressed hope in following in his footsteps to lead Asry towards a brighter future.
The former chairman congratulated Mr Almoayed on his appointment, wishing him success.