Salik Wins Global Award for Corporate Governance Excellence
The award marks a significant milestone for Salik, recognizing its steadfast commitment to transparency, accountability, and ethical leadership. It positions the company among a select group of internationally recognized firms excelling in corporate governance.
The recognition follows Salik's detailed presentation to the judging panel by its internal audit, compliance, and enterprise risk management teams. Their integrated efforts showcased the company's robust governance framework and helped secure the panel's trust.
CEO Ibrahim Sultan Al Haddad credited the award to the company's strong culture of governance and the collective efforts of its employees. He emphasized that corporate governance remains a cornerstone of Salik's long-term strategy and a vital component of investor confidence and business sustainability.
Al Haddad further noted that the achievement aligns with Dubai's broader goals to become a global smart city and supports both the UAE 2031 development agenda and Vision 2071.
Since its inception, Salik has steadily built a reputation for aligning with global best practices, bolstering its appeal to investors and reinforcing its role in supporting the UAE's economic and innovation goals.
News Source: Dubai Media Office
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Gulf Business
2 days ago
- Gulf Business
Dubai real estate Q2 '25 sales transactions hit Dhs184.9bn: Property Finder
Image: Dubai Media Office/ For illustrative purposes Dubai's real estate sector recorded its strongest quarter on record in Q2 2025, with 53,252 property sales transactions totaling Dhs184.3bn, according to data released by real estate portal, Property Finder. The figures mark a 22 per cent year-on-year increase in transaction volume and a 49 per cent surge in value, reflecting Dubai's status as one of the world's most resilient and attractive property markets. The historic performance builds on a robust Q1 and reflects sustained confidence from both investors and end-users amid global economic uncertainty. Ready real estate market drives growth Dubai's ready property market led the gains with 22,975 transactions, a 33 per cent increase from Q2 2024. Transaction value rose by 62 per cent to Dhs115.5bn, up from Dhs71.3bn last year — surpassing previous peaks in both value and volume. The segment contributed 43 per cent of total market activity, as rising rental prices pushed more residents toward home ownership. According to Property Finder, the shift indicates a longer-term trend away from renting and into owner-occupied homes. Off-plan segment sets new record The off-plan segment also delivered record-breaking results, with 30,277 transactions, up 16 per cent year-on-year, and a total value of Dhs68.8bn, a 31 per cent increase over Q2 2024. The segment accounted for 57 per cent of total Q2 transactions, reflecting investor confidence in Dubai's regulatory stability and future growth. Cherif Sleiman, chief revenue officer at 'As our data shows, the diversity of options in the property market today, especially across apartments, villas, and townhouses, reflects a healthy and active ecosystem,' said Sleiman. 'This balance between demand and inventory signals market maturity rather than oversupply.' Sleiman also welcomed the The programme is aligned with Dubai's 2040 Urban Master Plan and is supported by Property Finder in partnership with the Dubai Land Department (DLD) and the Dubai Department of Economy and Tourism (DET). Outlook of sustained growth With both ready and off-plan segments achieving a robust performance, Dubai's real estate sector appears well-positioned for sustained growth. The latest data from Property Finder suggests the market is maturing while remaining globally competitive, offering a mix of affordability, stability, and long-term value for domestic and international buyers.
Filipino Times
2 days ago
- Filipino Times
Dubai launches new scheme to help expats and Emiratis buy their first home
Dubai has introduced the First-Time Home Buyer Programme to make it easier and more affordable for residents, both expatriates and Emiratis, to purchase their first homes. The program offers priority access to new property launches, special pricing on units up to AED 5 million, and mortgage solutions tailored to buyers' needs, Dubai Media Office reported. Launched on Wednesday by the Dubai Land Department (DLD) and the Dubai Department of Economy and Tourism (DET), the initiative was unveiled in the presence of representatives from major banks and real estate developers. It supports Dubai's goal to increase homeownership and double the real estate sector's contribution to the economy by 2033. Designed for all nationalities and income levels, the program is open to applicants aged 18 and above who live in the UAE and do not currently own freehold residential property in Dubai. 'By lowering entry barriers to homeownership for Emiratis and expatriates alike, we are enhancing investor confidence, increasing market absorption rates, and reinforcing Dubai's global positioning as a city where personal aspirations and business ambitions converge,'His Excellency Helal Saeed Almarri, Director General of DET, said. His Excellency Omar Bu Shehab, Director General of DLD, noted that the programme aligns with the Dubai Real Estate Strategy 2033 and the Dubai Economic Agenda D33, aiming to make homeownership more accessible while encouraging long-term investment among residents. Participating banks include Commercial Bank of Dubai, Dubai Islamic Bank, Emirates NBD, Emirates Islamic, and Mashreq Bank, all offering mortgage products tailored for eligible first-time buyers. Meanwhile, leading real estate developers such as Azizi Developments, Beyond Developments, Binghatti Holding, DAMAC Properties, Danube Properties, Dubai Properties, Ellington Properties, Emaar Properties, Majid Al Futtaim Group, Meraas, Nakheel, Palma Holding, and Wasl have committed their support to the programme.
Hi Dubai
3 days ago
- Hi Dubai
flydubai Adopts AI-Powered Smart Gates to Streamline Crew Immigration
flydubai has partnered with UAE-based technology firm emaratech to roll out advanced biometric smart gates for its pilots and cabin crew, aiming to enhance immigration processing and operational efficiency. The new system, installed at flydubai's Airport Operations Centre, uses facial recognition, AI-powered verification, and real-time data integration to deliver a faster, paperless immigration experience. The initiative is part of the airline's continued investment in innovation and support for its growing flight operations. His Excellency Thani Alzaffin, Group CEO of emaratech, said the collaboration sets a new standard in smart border control, offering real-time validation through seamless integration with immigration systems. 'We are shaping a future where innovation drives convenience and trust at every checkpoint,' he said. flydubai's Chief Procurement & Technology Officer, Mohammed Hareb AlMheiri, noted that the technology reflects the airline's strategy to improve crew operations and punctuality while future-proofing its systems. Six biometric smart gates have been installed for crew use at the operations centre. flydubai currently operates a fleet of 89 aircraft across more than 135 destinations, supported by over 6,400 employees, including 1,300 pilots and 2,500 cabin crew. News Source: Dubai Media Office
