Sharjah Asset Management unveils its new corporate strategy for 2023-2025

By Shilpa Annie Joseph, Official Reporter
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Sharjah Asset Management Company’s Board of Directors approved the new institutional strategic plan for the 2023-2025 period.

The new strategic plan intends to enhance the economic and social development of the Emirate of Sharjah, in partnership with various public and private sectors. Sharjah Asset Management Company is the investment arm of the Government of Sharjah.

“Investment and social responsibility promotion are encouraged through optimal use of resources to meet the needs of the Emirate’s society and ensure its sustainable well-being,” according to the company statement.

The new strategy is based on six core values and they are integrity, human capital, environment, innovation, cooperation, and institutional agility.

The company stated that its strategic plan seeks to achieve several goals, most notably that of creating a diversified and effective financial base that works to attract shareholders and exceed their expectations.

His Excellency Waleed Al Sayegh, CEO of Sharjah Asset Management, said that, “The company strives to aid economic and social development in the emirate, provide a decent life and job opportunities for citizens, as well as distinctive infrastructure projects. We have qualified as well as awarded many opportunities for them to prove their caliber. Sharjah Asset Management today comprises an elite group of ambitious and creative young leaders, whom we count on to lead the company in the future.”

Ms. Naila Al Meraikhi, Executive Director of the Strategic and Excellence Department commented that, “The company’s strategy focuses on diversification and the creation of an investment portfolio that takes into account the ways in which different assets respond to the market and potential economic conditions, by investing money in various assets, geographical areas, industries and companies, and keeping the Sharjah Asset Management portfolio flexible and more robust.”

Ms. Al Meraikhi further noted that the new strategy includes a package of projects and initiatives that support and seek to develop the economic growth environment within the Emirate of Sharjah to transform the Emirate into an inspiring model for economic progress and development in the UAE and the world.

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