Chairman, Board, CEO and CFO of the EDC are committed to
implement best policies & practices on Financial Management
within UAE.
Accordingly, it has implemented the same and include the
following stages:
1. Revenue Optimization:
Ensure steady and optimum revenue from Sales by optimizing
customers, classes and selling prices.
2. Cost Optimization:
Optimize material, manpower, rent, financing & other costs by
constant reviews of financial ratios.
3. Cash Flow Management:
Managing Cash flows to ensure uninterrupted availability of funds
for smooth business transactions (OPEX and CAPEX).
4. Treasury and Investments Management:
Manage treasury & investments by having multiple (and sufficient)
banks and their products/ choices to optimize the interest income
or cost of capital both in the short term and long term.
5. Financial Risk Optimization:
Optimize financial risks including interest rate variations, bad
debts (from receivables), liquidity risk, currency fluctuation risks
etc.
CFO/Finance manager responsible for implementing this financial
management policy across EDC.
This policy will be reviewed every 3 years for its continual improvement & suitability
and will be amended if required