al qudra holding discuss its road map and future plans
ipo: end of 2007
Al Qudra Holding (AQH) regular staff meeting which was held on 21st July 2007, discussed future plans related to the upcoming Initial Public Offering. Present at the meeting were the Directors of Al Qudra Holding in Morocco, Algeria, Senegal, Syria, Eritrea, Yemen and Mauritania.
Eng. Salah Salem Bin Omeir Al Shamsi, Chairman and Managing Director of Al Qudra Holding confirmed that “The Company is diligently working towards listing a portion of its shares for public subscription. Preparations with the country’s underwriting specialists are currently underway to ensure the smooth transition of Al Qudra Holding into a publicly listed company.”.
“The value of Al Qudra Holding’s shares have significantly increased over the past two years as a result of record breaking achievements that have put the company in the spotlight both locally and abroad,” added Eng. Al Shamsi.
“The transparency that has marked the operations of Al Qudra Holding and its subsidiaries has increased productivity reflecting in higher standard of professionalism and served to improve the overall work environment,” said Eng. Al Shamsi.
“In fact, ERP (Electronic Resource Planning) solutions will be implemented to ensure that this transparency is sustained across all departments and divisions. Al Qudra Holding aims to maintain its standards of adopting state of the art technologies to assist in the rapid flow of business that is fueling the company’s growth” continued the Chairman of AQH.
"The efforts and dedication of each member has allowed us to stand strong, and it makes me proud to see how each employee is continuously seeking self development and growth.” commented Al Shamsi. “The accurate planning conducted, along with the diversification of our investment portfolio and the capitalization of opportunities at the right moment, has given us a competitive edge and paved our path to success while setting the foundations needed for our global expansion strategy."
Al Shamsi clarified that, “The Company’s launch to international markets came after a clear and strategic expansion plan aimed at achieving our objective to be the preferred “strategic partner in Abu Dhabi and from Abu Dhabi." With successful and strategic partnerships, the company has put forward many investment initiatives and opened doors to many development projects depending on the requirements of the domestic and regional markets.
Al Qudra Holding continues to achieve annual increases in dividends to shareholders and develop operational mechanisms to serve its interests and achieve its goals. The company also pays close attention to servicing the community it operates in, by participating in various corporate social responsibility initiatives.
