Almajdouie Holding collaborates with Canon to fully compensate its emissions from print operations - Middle East Business News and Information
Canon's Climate Project Contribution enables companies to compensate for GHG emissions that arise during the use of Canon products by investing in environmental projects that save the equivalent GHG emissions elsewhere.
In addition to offering climate compensation, Canon's dedication to sustainability involves avoiding emissions by using efficient and low-carbon products and reducing emissions through smart tools like uniFLOW.
Project set to compensate for 48 tons of CO2 emissions in 2025, and a Gold Standard certification ensures verified environmental impact.
Riyadh, Saudi Arabia, March, 2025 – Almajdouie Holding has partnered with Canon Saudi Arabia to implement a Climate Contribution Project focused on compensating emissions from Almajdouie Holding's Canon-related print operations. This partnership was announced at Gulf Print and Pack 2025 KSA where Canon showcased its comprehensive portfolio of end-to-end digital production print solutions and services.
The program is expected to compensate for 48 tons of CO2 emissions in 2025 through certified climate initiatives with practical conservation efforts, such as a wind energy project in Mauritania, where 15 turbines with a 30MW capacity will generate renewable power for the local grid, reducing reliance on fossil fuels. This is complemented by a reforestation program in Germany that converts monoculture forests into mixed woodlands, with one tree planted for each ton of CO2 compensated. This demonstrates both companies' commitment to environmental protection.
Abdullah Saeed Al-Ghamdi, Chief Human Resources & Admin Officer, Almajdouie Holding, said: 'Almajdouie Holding is delighted to have partnered with Canon to reinforce our commitment to sustainability. At Almajdouie Holding, we take our responsibility towards sustainable operations and business practices seriously. As such, we are proud to be part of this program, which will see significant investment made into efforts to reduce the impact on the environment.'
Shadi Bakhour, B2B Business Unit Director at Canon Middle East, said: 'We are pleased that Almajdouie Holding has joined our growing Climate contribution project. This agreement further reflects Canon's ongoing commitment to sustainable business practices in the region, embodying our philosophy of Kyosei, which is living and working together for the common good.'
The initiative is certified by Gold Standard, the internationally recognized verification body, while Climate Partner provides independent authentication of all Canon environmental projects. This dual-tier validation ensures credibility in climate compensation efforts, adhering to ISO16759:2013 standards for carbon footprint quantification.
Canon's climate compensation portfolio spans projects across multiple continents, delivering measurable environmental impact through various initiatives, from wind energy developments in India and Indonesia to cookstove programs in Uganda that combat deforestation. The initiative extends to various reforestation efforts, with tree plantation programs in Germany, South America, England, and Switzerland.
This collaboration between Canon and Almajdouie Holding showcases how companies can work together to make a positive impact in addressing climate change. The initiative addresses immediate ecological concerns while establishing a foundation for sustainable business practices that will benefit future generations.
The program combines emission reduction and compensation through a systematic approach. It begins with comprehensive print and scan audits to identify opportunities for optimizing printer fleets. By implementing more efficient devices and processes, organizations can significantly reduce their energy consumption and greenhouse gas emissions. Each product receives a unique ID number for transparent tracking, supported by detailed labels and certificates that provide clear visibility into fleet-wide energy usage and emissions.
This initiative aligns with the growing emphasis on responsible procurement practices among companies and governments, supporting ESG-compliant sourcing. Canon continues to engage with diverse stakeholders—from large enterprises and government entities to academic institutions and SMEs—demonstrating a shared commitment to environmentally conscious operations.
Canon's commitment extends beyond climate project contributions, incorporating innovative measures to minimize carbon footprint at its root. The utilization of efficient, low-carbon products and smart tools helps minimize emissions associated with print operations. For example, uniFLOW helps businesses limit their impact on the environment by preventing unnecessary print expenditures, tracking in-office and home device usage, and reducing wasteful printing.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Al-Ahram Weekly
23-05-2025
- Al-Ahram Weekly
Syria and Chinese company sign 20-year memorandum to invest in free zones - Economy
Syria said Thursday it had signed a memorandum of understanding with a Chinese company to invest in free zones for 20 years. The General Authority for Land and Maritime Ports said on X that it had signed a "strategic agreement" with the Chinese company Fidi. The deal gives Fidi full operation rights over the Hessia free zone in the central province of Homs where an industrial zone would be developed on 850,000 square metres (210 acres) of land. It also grants Fidi rights to invest in 300,000 square metres of the Adra free zone on Damascus' outskirts, where the focus would be on commercial and service products for the local and regional markets. Syria has numerous free zones offering foreign investors benefits including full tax exemptions, the freedom to hire local or foreign labour and unrestricted transfer of foreign capital. The country's new Islamist rulers hope the imminent lifting of US and European sanctions will kickstart an economic recovery, after 14 years of devastating war. China was a major backer of former president Bashar al-Assad alongside Russia and Iran before his overthrow in December. Along with Russia, it repeatedly used its UN Security Council veto to support the Assad government and block Syria-related resolutions during the conflict. Follow us on: Facebook Instagram Whatsapp Short link:
Mid East Info
14-05-2025
- Mid East Info
Amanat Reports Revenue Growth of 13% in Q1 2025 with Education up 23% driven by Record Enrollments - Middle East Business News and Information
Dubai | Amanat Holdings PJSC (' Amanat ' or the ' Company ') (DFM symbol: AMANAT), the leading healthcare and education listed investment company, announces its financial results for the three-month period ended 31 March 2025 (' Q1 2025 '). Revenue from continuing operations: Grew by 13% year-on-year to AED 240.7 million in Q1 2025 driven by strong performance at Education, which grew 23% year-on-year EBITDA from continuing operations: Increased by 5% year-on-year to AED 84.1 million in Q1 2025, with a 12% increase at Education partially offset by the impact of ramp-up losses at Healthcare Profit before tax and zakat from continuing operations: Declined by 2% year-on-year to AED 56.7 million in Q1 2025, impacted at Healthcare by pre-opening and ramp up costs from the Jeddah bed expansion and new Khobar facility, and at Education, by the newly established Almasar head-office established during the period to drive growth initiatives, and the recently launched and under-development SEN daycare centers Balance sheet: Significant cash balance of AED 520.9 million with low leverage at the end of Q1 2025 Dividends: In April 2025, shareholders approved a final dividend of AED 40 million (1.6 fils per share) at the AGM bringing the total dividend payout for FY 2024 to AED 115 million (4.6 fils per share) Post-period: Post-period the Company, as part of its continuous focus on returning value to shareholders, announced the exercise of its option to sell its education real estate asset, which will generate a return in excess of the carrying value of the asset Q1 2025 Operating Highlights Strong student and beneficiary growth: 18% growth in students and beneficiaries to 23.7 thousand. At Higher Education, MDX grew 15% to 6.2 thousand and NEMA grew 14% to 11.1 thousand. At Special Education Needs, beneficiaries increased by 28% to 6.4 thousand with good progress across the eight centers launched in 2024 and one in 2025, with seven facilities under development. Post-Acute Care growth: Capacity increased to 170 beds in Jeddah, with a further 30 beds to be launched in H2 2025. The new Khobar facility opened in November 2024, with 30 initial beds, growing in a phased manner to reach a total capacity of 150 beds. Further expansion opportunities remain under review. Q1 2025 Financial Highlights Revenue from continuing operations: Grew by 13% year-on-year to AED 240.7 million in Q1 2025 supported by strong performance at Education and steady progress at Healthcare: Education: 23% year-on-year increase to AED 152.1 million, driven by ongoing enrollment and beneficiary growth across MDX and HDC. Healthcare: Marginal decline of 2% year-on-year to AED 88.6 million, with revenue growth in Dharan and Khobar offset by a slight decline in the UAE from the impact of the discontinuation of COVID-related programs. A return to growth is anticipated in future periods due to capacity expansions and ramp-up in KSA operations and patient growth in the UAE. EBITDA from continuing operations: Increased by 5% year-on-year to AED 84.1 million in Q1 2025, with an increase at Education partially offset by a decline at Healthcare. Education: EBITDA grew by 12% year-on-year to AED 73.8 million, due to strong revenue growth, partially impacted by head office costs at the newly created Almasar head office and ramp-up / pre-opening costs from the launch of new SEN daycare centers. Healthcare: EBITDA declined by 10% year-on-year to AED 19.6 million, impacted by ramp up losses at the new Khobar facility and pre-opening costs associated with the bed expansion in Jeddah. Profit for the period from continuing operations: Marginally declined by 4% year-on-year to AED 50.5 million in Q1 2025, impacted by ramp up and pre-opening costs at Healthcare and the newly created Almasar head office and the impact of new / under construction daycare centers at Education. Amanat's Chairman, Dr. Shamsheer Vayalil, said: 'Amanat continued to deliver on its growth strategy in the first quarter of 2025 registering strong topline growth on the back of record enrollments and beneficiaries at Education, continuing the strong momentum seen in 2024. At Healthcare, the ramp-up of our long-term care facility in Khobar and the progress on expanding our Jeddah facility, positions us well for future growth and reflects our commitment to addressing the critical need for high-quality post-acute care across the region. 'Amanat remains focused on delivering value to shareholders, continuing with our monetization plan for Education and in May distributing a final dividend of AED 40 million bringing the total dividend paid for FY 2024 to AED 115 million. Additionally, post-period we announced the exercise of the option to sell our education real estate asset, generating an attractive return and in line with our strategic focus on exploring monetization opportunities for shareholders.' Commenting on the results, John Ireland, Chief Executive Officer, added: 'Amanat reported strong topline growth in Q1 2025, with revenue increasing 13% year-on-year, supported by strong performance at Education and steady progress at Healthcare, driving EBITDA 5% higher year-on-year. Our Education business saw strong revenue growth of 23% year-on-year supported by the success of our international recruitment strategy at MDX and the expansion of HDC's daycare center network, while at Healthcare we expect positive growth momentum in future periods as we ramp-up our Khobar and Jeddah facilities. 'Looking ahead, we continue to focus on driving growth with additional daycare centers under development in HDC, accelerated enrollment growth at MDX and the expansion of our Post-Acute Care offering in Khobar and Jeddah.' Summary Financial Results AED million Q1-2025 Q1-2024 Q1 25 vs. Q1 24 Continuing operations – statutory(1) Revenue 240.7 213.5 13% EBITDA 84.1 80.3 5% Profit before Tax and Zakat 56.7 58.0 (2)% Profit for the Period 50.5 52.8 (4)% Cash and Bank Balances(2) 520.9 503.0 4% Continuing operations – adjusted(3) Adjusted EBITDA 84.4 80.7 5% Adjusted Profit before Tax and Zakat 57.0 58.4 (2)% Adjusted Profit for the Period 50.8 53.1 (4)% Continuing and discontinued operations Profit for the Period 44.4 48.3 (8)% Adjusted Proft for the Period 44.7 48.7 (8)% s Results from continuing operations exclude the financial performance in relation to MSH in both the current and prior period Cash and bank balances include the cash and bank balances of Amanat Holdings PJSC and its subsidiaries, excluding MSH. Comparative figures refer to the balance as at 31 December 2024 Adjusted EBITDA from continuing operations and Profit before Tax and Zakat from continuing operations exclude the impact of transaction costs and one-time non-recurring costs in the current and prior period. Amanat Holdings PJSC is the region's leading listed operator o f healthcare and education assets with paid-up capital of AED 2.5 billion. Listed on the Dubai Financial Market since 2014, Amanat's mandate is to establish, acquire and integrate companies in the healthcare and education sectors; and develop, manage, and operate these companies within the MENA region and beyond. Amanat's Healthcare platform comprises the leading Post-Acute Care provider in the GCC which includes Cambridge Medical and Rehabilitation Center in the UAE and KSA and Sukoon in Jeddah, KSA. Amanat's Education platform includes Almasar Education, which holds MDX, the first overseas campus of the internationally renowned Middlesex University in London, HDC, the leading provider of special education and care services covering educational, medical, and rehabilitation services in KSA, and NEMA Holding, a leading provider of higher education in Abu Dhabi, UAE.
See - Sada Elbalad
11-05-2025
- See - Sada Elbalad
Pakistan Cancels 150 Flights Despite Ceasefire Agreement with India
Israa Farhan Pakistan has cancelled about 150 domestic and international flights across the country on Sunday, despite the official reopening of its airspace following a ceasefire agreement with India. According to aviation authority sources, the widespread disruption has affected dozens of routes, including those designated for Hajj pilgrims. The cancellations were primarily attributed to ongoing uncertainty and logistical constraints, as reported by The Nation newspaper. Among the affected services were ten Hajj-related flights, with three scheduled departures from Lahore, two from Islamabad, and one from Multan. The disruption has sparked concern among pilgrims and their families. Airport authorities and airline operators are continuing to closely monitor the situation. Further updates are expected later in the day as efforts are made to stabilise operations and address passenger concerns. The ceasefire agreement between India and Pakistan had raised hopes of smoother aviation activity in the region, but the current wave of cancellations highlights persistent logistical hurdles within Pakistan's aviation infrastructure. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Egypt confirms denial of airspace access to US B-52 bombers Lifestyle Pistachio and Raspberry Cheesecake Domes Recipe News Ayat Khaddoura's Final Video Captures Bombardment of Beit Lahia News Australia Fines Telegram $600,000 Over Terrorism, Child Abuse Content Arts & Culture Nicole Kidman and Keith Urban's $4.7M LA Home Burglarized Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Sports Neymar Announced for Brazil's Preliminary List for 2026 FIFA World Cup Qualifiers News Prime Minister Moustafa Madbouly Inaugurates Two Indian Companies Arts & Culture New Archaeological Discovery from 26th Dynasty Uncovered in Karnak Temple Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War
