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With the sad passing away of the President,
His Highness Shaikh Zayed Bin Sultan Al
Nahyan late last year, a great chapter in
the remarkable history of the country comes
to a close. His vision, astute statesmanship
and legendary wisdom has created a land
that people from all over the world want
to be a part of. Whilst paying homage to
our great leader, I am confident that his
legacy will continue to be followed.
ANH has had another year of growth despite
escalating costs. We continue to provide
our customers with standard quality service
and high performance. Most companies in
the Group has secured/renewed quality certifications
as our zeal to excel continues.
Our oil field services company has successfully
set up new joint ventures in the field of
third party inspection, management system
certification and the manufacturing of oil
fields equipment. In addition, a new joint
venture company has been formed in Iran
and the operations continued to expand in
other geographical areas. The company secured
several HSE awards from the operating oil
companies.
Our oilfield chemical joint venture has
once again earned the Gold Sheikh Khalifa
Industry award.
The group retail company expanded into
other Middle Eastern countries. It also
entered into agreements for new retail concepts
with objective of providing customers with
quality products at competitive prices with
the highest standards of service.
The Group acquired the Middle East business
of a US corporation in the field of cathodic
protection. This company has since secured
the ISO 9001-2000 quality certification.
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The INDUSTRIAL
company continued to achieve substantial
growth in the steel and power sectors. The
company introduced new products in the polymers
division and acquired a company in Oman
in the power sector. The company is relentlessly
pursuing the expansion policy and striving
to achieve excellence in every field of
activity. The environmental company added
another unit and expanded operations in
pursuit of excellence.
The petroleum product storage
terminal company inducted an international
product storage company as a share holder
which will further strengthen our core business
in the UAE as well as the Middle East while
creating additional capacities for chemical
storage locally.
Our feature as a diverse
group will depend largely on our ability
to unleash people's potential and to attract,
train and develop the right caliber of technical
and managerial staff. We will continue to
pursue new business opportunities while
expanding our core activities by backward
and forward integration or by acquisition
of companies in the areas where we have
synergies.
None of the above would
have been possible without the support of
our customers and all group personnel, suppliers,
consultants, operating oil companies, financial
institutions and others. I wish to record
my gratitude for their tremendous support,
encouragement and contributions in bringing
us to where we are today.
I wish you a healthy and
prosperous 2005
Abdulla Nasser Hawaileel
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