Petra director Nizam, Najib's brother, resigns


Datuk Mohamed Nizam Abdul Razak(pic), the brother of former prime minister Datuk Seri Najib Tun Razak

Datuk Mohamed Nizam Abdul Razak(pic), the brother of former prime minister Datuk Seri Najib Tun Razak

PETALING JAYA: Petra Energy Bhd has announced that a director, Datuk Mohamed Nizam Abdul Razak, the brother of former prime minister Datuk Seri Najib Tun Razak, has resigned.

Petra Energy is an integrated brownfield services provider for the upstream oil and gas industry.

In a separate filing, Tan Sri Bustari Yusuf, a close associate of Najib, raised his stake in Petra Energy by 64,000 shares via purchases in the open market last week.

This increased his stake in the company to 90.447 million shares, or 28.18%.

Oil & Gas , Corporate News , Nizam Razak