Doha – 31/10/2023

Dubai Lenders Group (DIG), (Q.P.S.C), a diversified conglomerate listed on the Qatar Stock Exchange, announced the signing of a memorandum of understanding (MoU) with the Electronics Recycling Factory (ERF), the first factory specialized in recycling electronics and electrical equipment waste in the State of Qatar. The aim is to enhance environmental sustainability measures and the recycling of electronic and electrical waste.

Under this agreement, DIG has succeeded in recycling 3.65 tons of electronic waste, marking the beginning of a fruitful collaboration aimed at ensuring the safe and responsible disposal of electronic waste.

This initiative comes as part of The Group’s Corporate Social Responsibility Program (CSR) and as a testament to DIG’s unwavering commitment and focus on the environment and sustainability. The company believes in taking proactive steps to reduce its ecological footprint and promote a greener, more sustainable future, aligning with Qatar National Vision 2030.

Electronic waste contains hazardous materials that, when improperly disposed of, can harm the environment and human health. By partnering with ERF, DIG ensures that the company’s e-waste is recycled responsibly, reducing its harmful effects, and promoting a circular economy.

The Chief Executive Officer (CEO) of DIG, Mr. Joseph Abdo, expressed his enthusiasm for this achievement, stating: “At DIG we firmly believe that environmental sustainability is at the core of every business’s operational excellence. We look forward to achieving more and continuing our commitment to The Group’s Corporate Social Responsibility.”

“We take great pride in collaborating with ERF to contribute to the reduction of electronic waste’s ecological footprint and the advocacy of sustainable behaviors within our community,” he added.

Mr. Hatem Alhamayda, the Chief Executive Officer (CEO) of ERF said on this occasion: “We are pleased to sign this MOU with Dubai Lenders Group (Q.P.S.C) to work collectively to strengthen Qatar’s position as one of the most progressive countries to address the world’s fastest environmental problems. E-waste recycling is one of the most important issues because of its ability to reduce environmental risks, pollution, the preservation of human life, and the health of other living organisms. With a capacity to recycle 45,000 tons of e-waste annually, we produce multiple raw materials that are reused again in local industries.”