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GEMXX Corporation Announces Ali S. Abood Joining the Board of Latin Energy Partners


LAS VEGAS, June 25, 2024 – IBN – GEMXX Corporation ( OTC: GEMZ ) (“GEMXX” or the “Company”), GEMXX Corporation is pleased to announce that Ali S. Abood has joined the board of our primary investment target, Latin Energy Partners. This strategic addition to the board aligns with GEMXX’s commitment to strengthening its investment portfolio and expanding its influence in the global energy sector.

Ali S. Abood brings a wealth of experience in international business, finance, and consultancy, with a particular focus on the Middle East and Africa. His extensive career includes senior directorships and advisory roles in numerous multinational corporations, spanning sectors such as mining, energy, commodity trading, and financial services.

Mr. Abood’s entrepreneurial spirit and innovative marketing strategies have consistently secured substantial business deals for his clients. His expertise in arranging funding through international government credit agencies and syndicated loans has been instrumental in facilitating major business transactions. Notable roles in his distinguished career include key positions at Esso (Exxon) and the National Commercial Bank of Saudi Arabia, as well as consultancy work for defense, engineering, and various technology firms.

“My extensive experience in international business and finance, particularly in the energy sector, has prepared me well for this exciting role. No other onshore oil blocks have this multi-billion-barrel potential. I look forward to leveraging my expertise to secure key business relationships and funding opportunities that will drive Latin Energy Partners to new heights.” Commented Mr. Abood.

With a Business Commerce degree and professional qualifications in Accountancy and Finance, Mr. Abood’s academic background complements his practical experience. Known for his diplomatic negotiation skills and high-level political and senior business contacts in the Middle East, Africa and around the world, he is well-positioned to contribute to the strategic growth and success of Latin Energy Partners.

“We are thrilled to announce Ali S. Abood has joined the board of Latin Energy Partners,” said Richard Clowater, CEO of GEMXX Corporation. “His extensive experience and proven track record in securing significant business relationships and funding will be invaluable as we continue to expand our investments in the energy sector. We are confident that Mr. Abood’s leadership and insights will drive substantial growth and success for Latin Energy Partners.”