SHUAA Capital PSC 2023 AR2
The report details SHUAA Capital's corporate governance, sustainability initiatives, and financial performance for the fiscal year 2023. Despite facing a challenging year with a net loss of AED 907 million due to non-cash impairment charges on legacy assets, the company doubled its adjusted operating income in Asset Management. In terms of sustainability, SHUAA aligned its strategy with the UAE's Net Zero by 2050 initiative and set a target to achieve Net Zero by 2035 for all its real estate projects in the UK and UAE. Additionally, the company promoted diversity and inclusion, maintaining a workforce representing 25 nationalities and achieving 20% female representation on its Board of Directors.
Company: SHUAA Capital PSC
Sector: Financials
Country: United Arab Emirates
Year: 2023
Type: AR2
Pages: 111
SHUAA Capital PSC
Annual Report
The report details SHUAA Capital's corporate governance, sustainability initiatives, and financial performance for the fiscal year 2023. Despite facing a challenging year with a net loss of AED 907 million due to non-cash impairment charges on legacy assets, the company doubled its adjusted operating income in Asset Management. In terms of sustainability, SHUAA aligned its strategy with the UAE's Net Zero by 2050 initiative and set a target to achieve Net Zero by 2035 for all its real estate projects in the UK and UAE. Additionally, the company promoted diversity and inclusion, maintaining a workforce representing 25 nationalities and achieving 20% female representation on its Board of Directors.
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Document Details
Report Year
2023
Reporting Period
Jan 1, 2023 - Dec 31, 2023
Fiscal Year
2023
Type
Annual Report with Sustainability Disclosures
Language
English
Pages
File Size
Standards & Assurance
Materiality Assessment
ESG Data?Experimental — AI-extracted data, may contain inaccuracies
Women on Board
Women in Management
Net Zero Target