Source: www.tradearabia.com
Emaar Properties, the developer of the world’s tallest building Burj Khalifa in Dubai, as recently honoured for implementing and complying with the new UAE Code of Governance within the stipulated timeframe.
Emaar, together with a number of other public joint stock companies, was honoured by the Emirates Securities and Commodities Authority (SCA) at a special ceremony held in Abu Dhabi.
Abdullah Al-Turifi, chief executive officer of SCA, praised Emaar and the other companies for their prompt response in complying with the new corporate governance rules. He said that the ceremony reflected the SCA’s commitment to ensure the entrenchment of a culture of corporate governance, disclosure and transparency in accordance with international best practice.
Ahmad Al Matrooshi, managing director, Emaar Properties, said: “The honour from SCA underscores our commitment to uphold the highest standards of corporate governance.”
“We will continue to implement global best practices in disclosure and transparency, and thus enable our stakeholders to make informed decisions,” he added.
