Mubadala Investment Company’s Sanad Group plans to expand its business beyond the aerospace sector and has appointed a new chief executive to lead the next phase of growth.
Sanad will focus on providing technology-driven and integrated industrial services as part of its new strategy that is in line with the UAE's industrial sector growth strategy, Operation 300bn, it said on Tuesday.
Operation 300bn seeks to double the manufacturing sector's contribution to the economy by 2031.
Sanad currently provides financing, leasing and maintenance services to the global aerospace, energy and industrial sectors.
“Sanad stands on the cusp of a major transformation underpinned by the Fourth Industrial Revolution,” said Badr Al Olama, executive director of UAE clusters at Mubadala and chairman of Sanad.
“Building on our track record of more than three decades of experience in the commercial aviation sector, Sanad is ready to take the next step forward and become the source-to-go, one-stop shop for the broader industrial services sector.”
Last year, the Arab world’s second-largest economy announced plans to increase the manufacturing sector's contribution to the country's economic output to Dh300 billion ($87.4bn), from the current Dh133bn, over the next decade, as well as boost local production and create light and heavy industries.
The UAE is diversifying its economy and expanding its industrial base to reduce its reliance on imports of industrial inputs and cut its dependence on global supply chains amid the Covid-19 pandemic that disrupted world trade since 2020.
Sanad deputy group chief executive Mansoor Janahi was appointed to take over as new group chief executive and supervise the growth stage under the new strategy, the company said.
Mr Janahi began his career with Mubadala in 2008.
“In line with its new strategy, Sanad will continue leveraging synergies with international partners; we will develop new and innovative service concepts that combine both our industrial and financial knowledge,” Mr Al Janahi said.
“Ultimately, our vision for the future is to develop profitable and sustainable industrial service offerings to address the ever-changing needs of clients across multiple sectors.”
Mr Janahi replaced Troy Lambeth and his appointment was effective from February 1.
Mr Lambeth will be supporting a number of strategic initiatives within the Sanad Group and Mubadala’s UAE Investments platform, according to the company.
He was appointed in 2020 and he led the merger of three units — Sanad Aerotech, Sanad Powertech and Sanad Capital.
“He successfully brought all the subsidiaries together creating a one-company-one-team culture which will underpin Sanad’s positioning for this next phase of growth,” Sanad said.
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Terror attacks in Paris, November 13, 2015
- At 9.16pm, three suicide attackers killed one person outside the Atade de France during a foootball match between France and Germany
- At 9.25pm, three attackers opened fire on restaurants and cafes over 20 minutes, killing 39 people
- Shortly after 9.40pm, three other attackers launched a three-hour raid on the Bataclan, in which 1,500 people had gathered to watch a rock concert. In total, 90 people were killed
- Salah Abdeslam, the only survivor of the terrorists, did not directly participate in the attacks, thought to be due to a technical glitch in his suicide vest
- He fled to Belgium and was involved in attacks on Brussels in March 2016. He is serving a life sentence in France
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In-demand jobs and monthly salaries
- Technology expert in robotics and automation: Dh20,000 to Dh40,000
- Energy engineer: Dh25,000 to Dh30,000
- Production engineer: Dh30,000 to Dh40,000
- Data-driven supply chain management professional: Dh30,000 to Dh50,000
- HR leader: Dh40,000 to Dh60,000
- Engineering leader: Dh30,000 to Dh55,000
- Project manager: Dh55,000 to Dh65,000
- Senior reservoir engineer: Dh40,000 to Dh55,000
- Senior drilling engineer: Dh38,000 to Dh46,000
- Senior process engineer: Dh28,000 to Dh38,000
- Senior maintenance engineer: Dh22,000 to Dh34,000
- Field engineer: Dh6,500 to Dh7,500
- Field supervisor: Dh9,000 to Dh12,000
- Field operator: Dh5,000 to Dh7,000
Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
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Mercedes-AMG GT 63 S E Performance: the specs
Engine: 4.0-litre twin-turbo V8 plus rear-mounted electric motor
Power: 843hp at N/A rpm
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Transmission: 9-speed auto
Fuel consumption: 8.6L/100km
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LAST 16
SEEDS
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Results
5pm: Reem Island – Conditions (PA) Dh80,000 (Turf) 1,600m; Winner: Farasah, Antonio Fresu (jockey), Musabah Al Muhairi
5.30pm: Sir Baniyas Island – Maiden (PA) Dh80,000 (T) 1,400m; Winner: SSR Ghazwan, Antonio Fresu, Ibrahim Al Hadhrami
6pm: Wathba Stallions Cup – Handicap (PA) Dh70,000 (T) 1,400m; Winner: Astral Del Sol, Sean Kirrane, Ibrahim Al Hadhrami
6.30pm: Al Maryah Island – Maiden (PA) Dh80,000 (T) 2,200m; Winner: Toumadher, Dane O’Neill, Jaber Bittar
7pm: Yas Island – Handicap (PA) Dh80,000 (T) 2,200m; Winner: AF Mukhrej, Tadhg O’Shea, Ernst Oertel
7.30pm: Saadiyat Island – Handicap (TB) Dh80,000 (T) 2,400m; Winner: Celestial Spheres, Gary Sanchez, Ismail Mohammed
Islamophobia definition
A widely accepted definition was made by the All Party Parliamentary Group on British Muslims in 2019: “Islamophobia is rooted in racism and is a type of racism that targets expressions of Muslimness or perceived Muslimness.” It further defines it as “inciting hatred or violence against Muslims”.
GAC GS8 Specs
Engine: 2.0-litre 4cyl turbo
Power: 248hp at 5,200rpm
Torque: 400Nm at 1,750-4,000rpm
Transmission: 8-speed auto
Fuel consumption: 9.1L/100km
On sale: Now
Price: From Dh149,900
