• Environment

    On the basis of the Group’s commitment to environmental standards and as its activity is concentrated in manufacturing industries, the Company seeks to reduce the environmental impact by taking actions that would maintain a clean environment. The Company has entered into agreements with a number companies that specialize in studies, analyses, environmental consulting and environmental impact assessment, including Environmental Clean Technology Company with which Takween, SAAF and Ultrapak have entered into agreements in 2016G. The reason behind this was to prepare environmental impact assessment study for its factories and to complete the procedures of renewing the current environmental licenses issued by the General Authority for Meteorology and Environment Protection, with the objective of performing its duty towards the environment and reducing the impact of industrial emissions on the environment.

    Al-Sharq has entered into an agreement with RAE Company for Environmental Services during the last year. It is a Saudi company specialized in environmental studies and consultations and licensed by the General Authority for Meteorology and Environment Protection. RAE Company for Environmental Services will conduct a study of the environmental impact assessment concerning Al Sharq project in accordance with the General Authority for Meteorology and Environment Protection’s requirements, regulations and guidelines as Al-Sharq seeks to renew the environmental licenses and maintain its commitment to reducing emissions and environmental impacts.

    New Marina is committed to applying standards that would reduce the environmental impact. The Nile Center for Environmental and Scientific Services issued a Prospectus about measuring the environmental impacts of 2014G which showed the commitment of New Marina to the environmental standards. Further, New Marina has entered into an agreement with Petrotrade Company in order to dispose oil waste products in 2013G. The agreement is still in effect as at the date of this Prospectus. Additionally, New Marina entered into an agreement with Nahdet Misr for Modern Environmental Services in order to dispose hazardous medical waste in 2015G and the agreement is still in effect as at the date of this Prospectus. New Marina obtained ISO 14001:2004 due to these actions and other environmental responsibility actions from SGS Company which is specialized in inspection, examination and investigation as well as granting certificates of conformity for applying the environmental standards and reducing the environmental impact during the manufacturing process.

    SAAF and Takween have entered into agreements with a number of local service providers for the disposal of industrial waste in a safe manner through the containers provided by the service providers for these purposes. Among these providers are Dassas Establishment for Services, Shams Al-Tawasol Establishment, and Abdullah Atiq Al Fadly Establishment.