Power Letters 2021: Murshed Al Redaini, Group CEO, Yas Holding

  • Date: 04-Mar-2021
  • Source: Gulf Business
  • Sector:Economy
  • Country:UAE
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Power Letters 2021: Murshed Al Redaini, Group CEO, Yas Holding

The unsolicited onset of the Covid-19 pandemic has impacted all aspects of our lives. On behalf of Yas Holding, I would like to express our most sincere appreciation to the brave frontline warriors and their families for their noble service.

We are also grateful to the UAE leadership that has been widely applauded for its unmatched response to the crisis - creating a haven of safety and stability for its citizens and

residents.

2020 was a hectic year for us at Yas Holding. Our team responded quickly to the multiple challenges posed by the pandemic, particularly our companies that operate in critical sectors of the economy, each maintaining their contracted standards of performance with our clients.

The global pandemic, coupled with a seventh consecutive year of lower oil revenues, has further stressed the economic environment in the region; however the diversity of our business portfolio provided us with both challenges and opportunities.

We had to contend with adverse circumstances in certain sectors that demanded extensive cost optimisation and restructuring exercises, while simultaneously continuing to expand with optimism in other businesses. As an organisation with a long-term vision, Yas Holding continues to invest with conviction in the UAE - closely aligned to the goals and