Awards Ceremony held at Expo 2020
Yas Holding, the UAE-headquartered investment company, was recently presented the Innovation and Leadership in Asset Management Award’ by SAP for its Enterprise Asset Management (EAM) project during SAP’s Digital Supply Chain Event, held at the Expo 2020 Dubai.
The award was received on behalf of Yas Holding by Mina Hakim, Group Chief Supply Chain Officer and Boris Rusafov, Chief Information Officer.
The recognition from SAP was in appreciation of Yas Holding’s implementation of the EAM solution within its group companies which began in February 2021, following industry best practices.
“We are thankful for the award and will continue to advance the digital transformation underway at our companies to enhance our efficiency and sustainability, as we continue on our path to be an agile, innovative, and progressive organisation,” Murshed Al Redaini, Group CEO, Yas Holding.
“We believe the SAP EAM solution will deliver better return on investment and optimize the cost of ownership, in addition to improved efficiencies,” commented Suresh Vaidhyanathan, Group Chief Financial officer, Yas Holding.
Yas Holding and its local and international multi-sector subsidiaries have been expanding their operations thereby increasing their fixed assets to meet various business requirements. As part of the group’s digital transformation plan, SAP’s Enterprise Asset Management application was launched across various entities to manage the asset lifecycle from acquisition to disposal. Over the years, Yas Holding has grown into a preeminent investment company that has relied on acquisitions and investments to expand into a number of sectors that include food, agriculture, healthcare, education, aviation, real estate, technology, and shared services in markets.