Today's Edition
Abu Dhabi (ALETIHAD)
Tadweer Group and DUBAL Holding have signed an agreement to acquire 100 per cent of e-waste specialist Enviroserve, with equal ownership of shares among the two entities.
Established in 2004, Enviroserve is the only integrated e-waste processing hub in the Middle East, Africa and Caucasus region. The state-of-the-art facility is mainly regarded for its capacity to recycle waste from electrical and electronic equipment generated in the region, and is an end-to-end partner for all types of waste.
Ali Al Dhaheri, Managing Director and Chief Executive Officer of Tadweer Group, said:“Partnerships are core to Tadweer Group’s strategic growth, and agreements with like-minded organisations such as DUBAL Holding is key to unlocking the potential of the circular economy. Our acquisition of Enviroserve further demonstrates our commitment to investing in alternative solutions to realise our ambition of diverting waste from landfill. We look forward to working closely with DUBAL Holding to advance and enhance e-waste management.”
Ahmad Hamad Bin Fahad, Chief Executive Officer of DUBAL Holding said: “This collaboration is a testament to our shared goal of fostering innovative solutions for managing waste and underscores our commitment to create positive environmental impact. Together, we strive to set new benchmarks in responsible e-waste management, ensuring a cleaner and brighter future for the coming generations.”
Stuart Fleming, Co-founder and Chief Executive Officer of Enviroserve said: “I am excited about Enviroserve’s future in the competent hands of Tadweer Group and DUBAL Holding. Preserving the planet is becoming increasingly imperative, and so a forward-thinking focus on sophisticated recycling and e-waste management is critical."
Brian Wilkie, Co-founder and Chairman of Enviroserve added: "When Stuart and I founded Enviroserve in 2004, we dreamed of being among the largest recyclers in the Middle East. That dream came true in 2018 with the opening of The Recycling Hub in Dubai Industrial City. Now, with the nomination last year at COP28 of Enviroserve’s ‘National Asset’ status and its acquisition by two such excellent organisations, we are proud to have played an important part in the UAE’s sustainability strategy. I wish the company and all concerned best wishes for its future growth, both here and internationally.”
