Despite the fallout from the Covid-19 pandemic, 2022 was a transformational year for Eshraq Investments.
Strong financial performance and record profitability are evidence of the Group’s efforts and renewed focus on growing and diversifying the investment portfolio from primarily real estate towards a diversified multi-asset class investment fund. This programme has been supported by Eshraq’s acquisition of the Goldilocks Fund in 2022, an Abu Dhabi domiciled vehicle focused on generating superior and consistent returns via direct investment in assets across the Middle East. Eshraq also announced its intention to buy up to 10% of total outstanding shares through a share buyback programme, in line with the Board's commitment to increase shareholder value.
As outlined in our 2022 Governance Report, Eshraq remains committed to maintaining high standards of corporate governance in its operations. These standards are built on international and industry best practices and are fully aligned with the requirements of the UAE Securities and Commodities Authority (SCA).