Finance

Petrofac shares suspended after failing to file annual report

Suspension comes as court hears restructuring plan and as company hit by 'slippage and increased costs” on EPC contracts and continuing 'liquidity challenges'

Petrofac names Tareq Kawash as new chief executive. Kawash is set to take charge in April 2023.
Petrofac names Tareq Kawash as new chief executive. Kawash is set to take charge in April 2023.Photo: PETROFAC
Africa CorrespondentLondon
Published 1 May 2025, 13:10Updated 1 May 2025, 13:10
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