Shaker Group rolls out ‘Breakthrough Program’

The headquarters in Riyadh of Shaker Group, a Saudi importer, manufacturer and distributor of air conditioners and home appliances.
Updated 04 February 2019

Shaker Group rolls out ‘Breakthrough Program’

Shaker Group, a Saudi importer, manufacturer and distributor of air conditioners and home appliances, has announced the launch of its “Breakthrough Program,” a transformation plan to be implemented during 2019 and 2020. 

The “Breakthrough Program” has four pillars for improving performance. The first pillar, Core Business Turnaround (CBT), will focus on achieving profitable sales while delivering excellence in cost management. The second pillar, Talent Upgrade Plan (TUP), seeks to attract and develop talent at the company while improving organizational structure and rationalizing headcount. The third pillar, Performance Infrastructure (PI), will see improvements to the processes and architecture of the business, as well as enhancing reporting methods; while the final pillar, Strategic Moves (STR), will see strengthening of relationships with principals and business partners and exploration of opportunities beyond core operations, to ensure an unparalleled value proposition to customers. 

Azzam Saud Almudaiheem, chief executive officer of Shaker Group, said: “While we have faced pressure on sales revenues as a result of market challenges including increased competition, a lackluster construction sector and unfavorable seasonality, we are very pleased to be formally rolling out our Breakthrough Program, having already realized recent success in efforts to reduce operating expenses and improve efficiencies. We are confident of the positive impact we expect to see from them and I am pleased to say that our staff are fully engaged in support of the program for turning our business around.”

He added: “While we have experienced difficult years in a challenging market, the Breakthrough Program shows that we are addressing these issues head-on to achieve improved performance. We are bullish that the market for AC and home appliances shows long-term promise, which we intend to actively exploit.”

Mohammed Ibrahim Abunayyan, chief strategies and transformation officer at Shaker Group, said: “We are proud to unveil the Shaker Group Breakthrough Program, the development of which has been a key focus area for management. While the program extends through 2020, we are optimistic that material improvements in performance will be delivered.”

Dubai to host Mideast’s first dinosaur auction

Updated 18 August 2019

Dubai to host Mideast’s first dinosaur auction

A massive 155-million-year-old dinosaur skeleton will be up for grabs for lovers of rare collectibles as Emirates Auction announced it will organize the Middle East’s first auction to sell the giant dinosaur skeleton. 

The online auction will be conducted by Emirates Auction, which specializes in organizing and managing public and electronic auctions, at a starting value of 14.6 million dirhams (SR14.9 million, $4 million) and will end on Aug. 25. 

The 24.4-meter-long by 7-meter-high skeleton, which dates back to the Jurassic period, is the first of its kind in the world to be installed at the Dubai Mall. 

Back then the 25-year-old dinosaur weighed up to five elephants and was one of the long-necked herbivorous dinosaurs and has a tail tapering to a long, thin whip-like end to defend itself against predators.

The dinosaur belongs to the Diplodocus longus variety, deriving it from the Greek words “diplos,” meaning “double,” and “dokos” meaning “beam.” 

Nearly 90 percent of the fossil’s bones are original, making it a stunning discovery in the history of palaeontology. The remains of the adult dinosaur were discovered in a sleeping position in 2008 at the Dana Quarry in the US state of Wyoming.

The auction will be an ideal opportunity for those looking for excellence to supplement their collections with a historic masterpiece rarely found around the world.

The specimen was previously displayed at the Houston Museum of Natural Science in the US state of Texas. It was sourced through Khalid Seddiq, founder of Etihad Modern Art Gallery in Abu Dhabi, and was put on permanent display at The Dubai Mall in 2014.

Emirates Auction is a UAE-based auction company in the Middle East. Founded in 2004, the company specializes in automobiles, vehicle license plates, real estate and properties, asset liquidation, VIP mobile numbers, jewelry, time-sensitive items, and heavy machinery, plant and construction equipments. 

Emirates Auction has achieved a number of milestones in a short span of time since its establishment, breaking 10 Guinness World Records along the way.

With increasing annual sales and registered bidders across the UAE, GCC and North Africa states, Russia and other countries across the world, the auctioneer conducts over 200 online and physical auctions per year. The company is credited with significantly contributing to the development of auction concepts in the Arab world.