MIDDLE EAST
Restructuring key to the future The AFI CEO may only have been in the job since January , but he has wasted no time in setting about restructuring the company . In February he outlined a proposal to divide the company into five divisions over the next three to five years ; in March his plan was signed off by the board of directors ; and the company has now started the process of segregating the first division , capital equipment , which is expected to be completed by the second quarter of 2016 . The rest of the company will be divided up into four other divisions : oil & gas and petroleum supplies and services , transportation , power transmission and hydraulics & pneumatics .
Hussain Al Raee - CFO
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