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ALFURQAN is a company that has members and shareholders that have international interest in many different groups and companies. As aforementioned that the company develops via special purpose vehicles for each venture it undertakes where it rings fences investment by the different vehicles, though we undertake projects in Iraq, China, Kazakhstan, United Arab Emirates, Kuwait, Jordan, India, Turkey, United Kingdom, United States, Canada Pakistan, Denmark, African countries, and others.

ALFURQAN is active under many different companies since 1952, sets standards for a better living for people by being at the forefront of discoveries that shape modern life. The special purpose vehicle usually has one shareholder and several contracts for employees, partners, and bonuses. The structures make this KYC extremely straight forward the responsibilities lie with the main member. The main shareholder is Mr. Mahmood Ibrahim Alissa and he has experience over 55 years in various sectors but it’s concentrated in Real Estate and Oil & Gas sectors.

His partner and Chairman of ALFURQAN is “HH Abdulla Zayed Saqr Al Nahyan”, who is also a member of the royal Abu Dhabi family and the member of the ruling family.

ALFURQAN, which aspires to be a global house of best in class lifestyle brands that create aspiration, not only for customers but also for employees, partners, and even competitors, continues to work in all of its fields of operation to become a global player. The company is active in six core businesses including Real Estate Development, Construction & Project Management, Farming, Energy, Oil & Gas, Mining, & healthcare, sustains its growth with new investments in those areas under new technology integration.

ALFURQAN owes its success to a management approach centered on customer satisfaction and efficiency. As a result of this approach, the company continues to build strong partnerships with globally reputable brands, and represent its strategy across the world. The management approach also embodies a strong corporate citizenship awareness that the whole society does and will benefit and we always aim to leave a mark on people’s lives and make it much better. The company’s social responsibility projects are managed with the objective to help the society to create a progressive future & a modern lifestyle. The company launches and carries out a variety of corporate social responsibility and sponsorship projects, particularly focused on culture and arts, sports and education. Aware of its responsibilities in all the areas it supports, ALFURQAN acts with the vision of leading the community by example, and contributes to the economy and employment through its investments. 

As a pioneer of change in UAE, ALFURQAN capitalizes on its broad network of services, knowledge base and collaborations to attain its goals. The company, driven by its vision of becoming a global player that sets the standards and advances through explorations, continues to consider the partnership and investment opportunities that might be beneficial for the nation’s economy. 

As one of the world’s distinguished companies, ALFURQAN continues to adhere to the highest legal and ethical standards in all of its busi­ness activities across the globe. Our well-founded reputation for integrity and excellence is one of our biggest assets.

In September 2015, the United Nations adopted a set of 17 Sustainable Development Goals (SDGs). These global goals lay out a 15-year agenda to “mobilize efforts to end all forms of poverty, reduce inequality, and tackle climate change.” In for­mulating the SDGs, the U.N. acknowledged “the role of the diverse private sector, ranging from micro-enterprises to cooperatives to multination­als” in supporting the Goals. These goals have come a part of our business concept, thinking, and decision making.

The identified SDGs are mainly associated with:

  • The environmental impacts of our activities, such as the generation of renewable energy, the efficient management of resources such as water, waste, etc., and climate action (SDG 6, 7, 9, 12 and 13);
  • The commitment to quality education we have undertaken through the activities conducted with ALFURQAN in the communities where we have a presence (SDG 4);
  • The creation of and commitment to decent work, and the training and development of our employees, ensuring a safe and protected work environment (SDG 8); and
  • The search for alliances and partnerships with different initiatives and organizations to help us attain the 2030 Agenda Goals (SDG 17). 

ALFURQAN fully supports the UN Guiding Principles on Business and Human Rights (UNGPs) which were developed by John Ruggie and his team in consultation with many stakeholder groups (often referred to as the “Ruggie Principles”).

Our Code of Conduct outlines the company’s objec­tives to work in a proactive, open, and co-operative manner with all of its regulators around the globe, we conduct all of our activities in compliance with local and international laws and regulations by illustrating our ethical principles which can briefly show that:

  • We strive to build well-diversified portfolios.
  • We align the interests of our management team and executive staff with those of our investors through co-investment and appropriate fee structures.
  • We follow strict compliance and corporate governance procedures, aspire to uphold high standards on environmental and sustainability matters.

ALFURQAN’s mission is to fulfill steering, coordination, control and audit functions, as well as to generate value for the group and its companies, monitor activities of the group companies on behalf of the shareholders, and perform the financial audit and administer control systems. ALFURQAN aims to create competitive companies that put regional growth at the focal point of their operations. In the management of its subsidiaries, ALFURQAN is committed to fulfilling the following responsibilities:

  • Updating the group’s strategy along with the changing investment climate and steering the group companies in line with the predetermined strategy.
  • Ensuring generation of sufficient financial resources to realize the group’s long-term vision.
  • Formulating and managing corporate initiatives to enable the group to adapt in the quickest manner possible to the developing and evolving business environment.
  • Leading the creation and management of strategic alliances and corporate partnerships.
  • Providing communication among the group companies and identifying opportunities that will result in synergies.
  • Coordinating and consolidating the financial and corporate reporting of group companies.
  • Ensuring optimum use of technology, knowledge and human resources across the group.
  • Formulating and maintaining corporate values and communicating them within and outside the group.
  • Instilling an awareness of social responsibility and corporate citizenship.
  • Implementing the ERM (Enterprise Risk Management) approach, to assure that the business risks undertaken by the Group companies are aligned with shareholders’ risk appetite.

As the world is changing always, we were aware of this concept of life and geopolitical needs, where businesses are moving around the world regarding demands and requests of the new statuses and strategies. Though, our diverse aspects of business sectors and aspects of those aforementioned related global needs and people satisfaction. So that you can find us directly or through one of our collaborative parties in different countries.  

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