Dubai: Mangalurean Shabana Faizal receives NRI entrepreneur award

[email protected] (CD Network)
March 25, 2016

Dubai, Mar 25: Recognizing her commitment to responsible business in the UAE and India, Kairali TV has conferred the NRI Woman Entrepreneur Award to Shabana Faizal, Chief Corporate Officer (CCO) and Vice-Chairperson of KEF Holdings at their first-ever business excellence awards. KEF Holdings is a UAE-based multinational diversified group that specializes in innovative offsite construction technology.

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Hailing from the city of Mangalore ,Shabana started her entrepreneurial career in 1995, when she set up Sophiya's World - luxury and special items studio - in Calicut, following her marriage to Faizal E Kottikollon, Chairman of KEF Holdings and the Faizal and Shabana Foundation.

In her dual role at KEF Holdings, Shabana oversees the corporate functions at KEF Holdings including the HR & Administration, Corporate Communications, IT and Legal functions; she is keenly involved in strategizing KEF's foray across infrastructure, healthcare, and education domains in India and the UAE. Shabana also holds the position of Co-Founder & Vice-Chairperson of the company's corporate social responsibility (CSR) arm - the Faizal and Shabana Foundation.

The Kairali TV NRI Entrepreneur Awards ceremony, which was held at the Indian Consulate Hall, Dubai, was headlined by prominent non-resident Indians. The Awards were chaired and juried by Ashraf Ali, Issac John, Senior Business Correspondent at Khaleej Times and Mr. C.K. Menon, Chairman and CEO of Behzad Corporation.

Shabana has a driving passion to make a difference in the lives of the underprivileged, which led to the setting up the Faizal and Shabana Foundation, which serves as the core of KEF's Corporate Philosophy. The Foundation carries out campaigns to improve education, healthcare, sustainable livelihood, humanitarian assistance, youth development and housing in India and the UAE. Her most recent passion project wasthe revamp and enhancement of the GVHSS in Nadakkavu, Kerala which has empowered more than 2400 young girls to believe in themselves and their dreams, and impacted the lives of more than 69,000 students across 65 schools in Kerala.

In 2015, KEF Holdings also completed a residential complex for staff and students of Yenepoya University in Mangalore in a short nine months. This facility was India's first wholly offsite manufactured building complex, a project that Shabana was closely involved with.

Accepting the award, Shabana Faizal said: “I am extremely honored to receive the NRI Entrepreneur Award from Malayalam Communications Ltd and Kairali TV. As Steve Jobs once said, half of what separates the successful entrepreneurs from the non-successful ones is pure perseverance. That is one quality that has defined me and my work over the last few years. I have had an adventurous entrepreneurial journey over the last 20 years, and I am very proud of the good work that we have been able to do over this time.”

She added, “Our philosophy at KEF Holdings can be defined through our commitment to make a difference that counts, and this is what is at the core of all our initiatives. I am grateful for this recognition for my work, and I will continue to move forward on the same path.”

Shabana Faizal is the daughter of prominent Mangaluru businessman, B Ahmed Hajee Mohiudeen Thumbey, Founder and Chairman of B A Group and is a psychology graduate of St Agnes College, Mangaluru.

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Mohammed
 - 
Saturday, 26 Mar 2016

congratulations Mrs.Faizal

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News Network
June 21,2020

Kannur, Jun 21: Customs sleuths on Sunday seized 432 grams of gold worth around Rs 20 lakh from a passenger who arrived at Kannur International Airport from Dubai in Fly Dubai flight, scheduled under Vande Bharat Mission.

Customs Assistant Commissioner E Vikas-led team seized the smuggled gold from the passenger Usman of Malappuram district and detained him, sources said.

The seized gold was kept in his inner-wear.

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News Network
April 28,2020

Mangaluru, Apr 28:  Dakshina Kannada Deputy Commissioner, Sindhu B Rupesh on Tuesday announced a relaxation in the sealed down parts of the district.

Seal-down in Bantwal's Sajipanadu, Belthangady Taluk's Karaya and Sullia Taluk's Ajjavara have been relaxed, he said.

The move comes on the backdrop of the fact that no positive cases have been reported in these places and all the primary and secondary contacts of the patients have completed their quarantine period.

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KT
April 12,2020

Apr 12: The board and management of troubled NMC Healthcare should be held accountable for the financial irregularities, said Abdulaziz Al Ghurair, chairman of the UAE Banks Federation.

"Banks have dealt with the exposure professionally and they lent to a company which was listed on FTSE-100 index with world-class regulator and the world's largest audit firm doing their audit. Even if they present their balance sheet today, people will still lend to them. This is a world-class fraud and the management and board members should be held accountable. We should have a different track to handle this company. It is not a normal track that we can go," Al Ghurair said during a virtual press conference on Sunday.

It is estimated that the more than 80 local, regional and international banks have exposure to healthcare firm. The UAE bourses had asked all the listed companies in the UAE to announce their exposure. The UAE banks last week announced nearly Dh10 billion exposure to NMC Healthcare, which is owned by the billionaire BR Shetty.

Abu Dhabi Commercial Bank has the highest exposure to NMC at Dh3 billion. Dubai Islamic Bank and its subsidiary Noor Bank announced Dh2 billion exposure while Emirates NBD and its Shariah-compliant unit Emirates Islamic Bank revealed Dh747.34 million exposure. Ajman Bank has Dh151.8 million while Al Salam Bank pegged its exposure at Dh161.5 million. All these lenders revealed their exposure for the first time on Sunday.

Abu Dhabi Islamic Bank said it had extended Dh1.07 billion in financing to NMC Healthcare, and an additional Dh113.67 million exposure to Islamic bonds issued by NMC.National Bank of Fujairah pegged its exposure to NMC at Dh289.1 million, while Sharjah-based United Arab Bank said its exposure was Dh135.3 million.

NMC recently revised its debt position to $6.6 billion, well above earlier estimates.

London's High Court last week placed hospital operator NMC Health into administration, on the application of Abu Dhabi Commercial Bank.

"I know leading bank in UAE have already legal guardian of the company so now management cannot hide anything. The new team will manage and discover what happened," said Al Ghurair.

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