SEDCO Holding CEO talks ethical investments at WGES

CEO of SEDCO Holding Group Hasan Al-Jabri participates in a plenary session.
Updated 05 November 2019

SEDCO Holding CEO talks ethical investments at WGES

Underlining the growing importance of upholding responsible investment and finance principles to drive sustainable economic growth, Hasan Al-Jabri, CEO of SEDCO Holding Group, highlighted the company’s Prudent Ethical Investing (PEI) strategy at the World Green Economy Summit (WGES) 2019 held in Dubai. Al-Jabri was speaking at a plenary session titled, “Green Finance and Investments,” at the summit, which took place under the patronage of Sheikh Mohammed bin Rashid Al-Maktoum, vice president and prime minister of UAE and the ruler of Dubai.
The summit, which saw the attendance of over 3,000 delegates, included high-profile speakers such as François Hollande, former president of France, and Ban Ki-moon, former secretary-general of the United Nations.
Featuring an impressive lineup of industry leaders and experts, the plenary session explored lucrative opportunities presented by green finance and how businesses can tap into this promising market by adopting sustainable practices. The speakers also shed light on various factors that hinder the growth and wider adoption of green financing and put forward recommendations to overcome these challenges.
Al-Jabri stressed the significance of ethical and socially conscious investing to help realize sustainable environmental, social and governance (ESG) goals. SEDCO Holding’s PEI-based portfolios combine the principles of responsible and Shariah-compliant finance, bringing together the many benefits of both approaches. The strategy has been proven tremendously successful in ensuring enhanced long-term risk-adjusted returns to support the performance of businesses and promote greater sustainability.
“Ethical investing not only brings economic benefits, but also significantly contributes to environment-friendly initiatives and business operations thereby driving the expansion of the green economy. Major events like the World Green Economy Summit are offering us a strategic platform to spotlight the increasing importance of adopting responsible finance and banking principles and sustainable practices across businesses. They also provide us an excellent opportunity to address various challenges facing green investing, including a lack of awareness of its unmatched benefits,” said Al-Jabri.

Mubadala to manufacture medical supplies in UAE

Updated 26 May 2020

Mubadala to manufacture medical supplies in UAE

Mubadala Healthcare and Strata Manufacturing (Strata) are collaborating to manufacture essential medical supplies and support the fight against COVID-19, utilizing additive manufacturing to produce intubation capsules, face shields and ear guards.

Strata is Abu Dhabi state-owned investment company Mubadala’s composite aero-structures manufacturing company. The cooperation is part of Mubadala’s #WeAreDedicated campaign aimed at fostering collaboration across diverse enterprises and sectors to protect the community, and to support the UAE government in its COVID-19 response and mitigation.

A joint team was established to identify the requirements and business needs of the health sector. The team includes representatives from Mubadala Healthcare — a unit that created partnerships with international medical institutions to address the region’s most pressing health care needs, and Strata.

The team developed an innovative intubation capsule to optimize care and safety for COVID-19 patients and health workers, along with preventing the spread of the virus in the community. In addition, the team is producing ear guards for health workers that alleviate pressure on the ears caused by prolonged use of masks.

Hasan Jasem Al-Nowais, senior VP at Mubadala Healthcare, said: “While face shields and ear guards will increase health workers’ safety and comfort, the patient intubation capsule is expected to be a game changer in the treatment of COVID-19 in individuals with respiratory problems. We are dedicated to leveraging the Mubadala Healthcare network and our partnership with Strata to develop home-grown UAE innovations that can provide the highest standards of patient and caregiver care. This is in line with Mubadala Healthcare’s commitment to spearheading innovation and research for the health care sector.”

One of the biggest challenges for health care providers treating patients with respiratory problems is protecting caregivers from infection. The COVID-19 patient intubation capsule developed by Strata is a self-contained plastic box, which fits around a patient’s face and head to allow for proper ventilation, and provides caregivers with an additional layer of protection from infected patients. Negative pressure inside the box expels the air using a pump and filter.

Ismail Ali Abdulla, CEO of Strata, said: “Building on the strong partnership with Mubadala Healthcare, Cleveland Clinic Abu Dhabi and Healthpoint, and in response to the needs of Mubadala Healthcare facilities, we have managed to rapidly prototype and trial COVID-19 coronavirus health care innovations. Our COVID-19 medical supplies highlight the valuable role of manufacturing companies during those unprecedented times. The Mini-Capsule and Mini-Capsule Plus is a lifesaving initiative that tackles major health issues caused by COVID-19 through the utilization of Strata’s 3D printing capabilities.”

Dr. Madhu Sasidhar, chief medical officer at Cleveland Clinic Abu Dhabi, said: “COVID-19 patients and caregivers need the highest standards of care and protection. This COVID-19 patient intubation capsule ensures that our caregivers can remain safe from coronavirus infection. Our tests in non-live conditions will help to accelerate the delivery of a finalized intubation capsule product.”