Abu Dhabi: A ban on single-use plastic bags comes into force today
June 1, 2022, 5:12 pm

Abu Dhabi: A ban on single-use plastic bags comes into force today

A ban on single-use plastic bags in Abu Dhabi comes into force on June 1 - Photo: Khaleej Times

Citizens and residents in Abu Dhabi have given their thumbs up to the ban on single-use plastic bags that comes into effect from today (June 1), and are buying reusable ones for a fee of 50 fils.

The policy aims to protect the environment and address the high rate of plastic bag use across the UAE, which is almost four times the global average.

According to figures shared by the World Government Summit in February 2019, 11 billion plastic bags are used in the Emirates each year.

Dr Shaikha Al Dhaheri, secretary general of Environment Agency Abu Dhabi, said last week: “This is equivalent to 1,182 plastic bags per person annually. This is considered a very high rate compared to the global average of 307 bags per person annually."

Shaikha Salem Al Dhaheri, centre, white mask, secretary general of Environment Agency Abu Dhabi, visits Lulu Supermarket in Mushrif Mall on the first day of a ban on plastic shopping bags. All photos: Chris Whiteoak / The National

People will either have to bring their own or pay for a reusable bag, which will be for sale in stores and supermarkets. No single-use plastic bags will be available, even at a charge.

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Reusable bags start from 50 fils and there are several options from Dh1, Dh2.5 to Dh7.5. Major retailers like Abu Dhabi Co-operative Society, Carrefour, Lulu Hypermarket, Spinneys among others have all joined the campaign.

A UAE study showed plastic has caused the deaths of hundreds of camels since 2008.

About 10 per cent of the 30,000 camels studied by Dubai’s Central Veterinary Research Laboratory died due to polybezoars, which are lumps of indigestible material made of plastic.

Three in four people worldwide want single-use plastics to be banned

Polybezoars can weigh up to 53kg and include plastic bags, rope and parts of plastic bottles, which accumulate over the years when the animals eat the materials after mistaking them for food.

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BENEFIT, the Kingdom’s innovator and leading company in Fintech and electronic financial transactions service, held its Annual General Meeting (AGM) at the company’s headquarters in the Seef District.
During the meeting, shareholders approved all items listed on the agenda, including the ratification of the minutes of the previous AGM held on 26 March 2024. The session reviewed and approved the Board’s Annual Report on the company’s activities and financial performance for the fiscal year ended 31 December 2024, and the shareholders expressed their satisfaction with the company’s operational and financial results during the reporting period.
The meeting also reviewed the Independent External Auditor’s Report on the company’s consolidated financial statements for the year ended 31 December 2024. Subsequently, the shareholders approved the audited financial statements for the fiscal year. Based on the Board’s recommendation, the shareholders approved the distribution of a cash dividend equivalent to 10% of the paid-up share capital.
Furthermore, the shareholders endorsed the allocation of a total amount of BD 172,500 as remuneration to the members of the Board for the year ended 31 December 2024, subject to prior clearance by related authorities.
The extension of the current composition of the Board was approved, which includes ten members and one CBB observer, for a further six-month term, expiring in September 2025, pending no objection from the CBB.
The meeting reviewed and approved the Corporate Governance Report for 2024, which affirmed the company’s full compliance with the corporate governance directives issued by the CBB and other applicable regulatory frameworks. The AGM absolved the Board Members of liability for any of their actions during the year ending on 31st December 2024, in accordance with the Commercial Companies Law.
In alignment with regulatory requirements, the session approved the reappointment of Ernst & Young (EY) as the company’s External Auditors for the fiscal year 2025, covering both the parent company and its subsidiaries—Sinnad and Bahrain FinTech Bay. The Board was authorised to determine the external auditors’ professional fees, subject to approval from the CBB, and the meeting concluded with a discussion of any additional issues as per Article (207) of the Commercial Companies Law.
Speaking on the company’s performance, Mr. Mohamed Al Bastaki, Chairman BENEFIT , stated: “In terms of the financial results for 2024, I am pleased to say that the year gone by has also been proved to be a success in delivering tangible results. Growth rate for 2024 was 19 per cent. Revenue for the year was BD 17 M (US$ 45.3 Million) and net profit was 2 Million ($ 5.3 Million).

Mr. Al Bastaki also announced that the Board had formally adopted a new three-year strategic roadmap to commence in 2025. The strategy encompasses a phased international expansion, optimisation of internal operations, enhanced revenue diversification, long-term sustainability initiatives, and the advancement of innovation and digital transformation initiatives across all service lines.
“I extend my sincere appreciation to the CBB for its continued support of BENEFIT and its pivotal role in fostering a stable and progressive regulatory environment for the Kingdom’s banking and financial sector—an environment that has significantly reinforced Bahrain’s standing as a leading financial hub in the region,” said Mr. Al Bastaki. “I would also like to thank our partner banks and valued customers for their trust, and our shareholders for their ongoing encouragement. The achievements of 2024 set a strong precedent, and I am confident they will serve as a foundation for yet another successful and impactful year ahead.”
Chief Executive of BENEFIT; Mr. Abdulwahed AlJanahi commented, “The year 2024 represented another pivotal chapter in BENEFIT ’s evolution. We achieved substantial progress in advancing our digital strategy across multiple sectors, while reinforcing our long-term commitment to the development of Bahrain’s financial services and payments landscape. Throughout the year, we remained firmly aligned with our objective of delivering measurable value to our shareholders, strategic partners, and customers. At the same time, we continued to play an active role in enabling Bahrain’s digital economy by introducing innovative solutions and service enhancements that directly address market needs and future opportunities.”
Mr. AlJanahi affirmed that BENEFIT has successfully developed a robust and well-integrated payment network that connects individuals and businesses across Bahrain, accelerating the adoption of emerging technologies in the banking and financial services sector and reinforcing Bahrain’s position as a growing fintech hub, and added, “Our achievements of the past year reflect a long-term vision to establish a resilient electronic payment infrastructure that supports the Kingdom’s digital economy. Key developments in 2024 included the implementation of central authentication for open banking via BENEFIT Pay”
Mr. AlJanahi concluded by thanking the Board for its strategic direction, the company’s staff for their continued dedication, and the Central Bank of Bahrain, member banks, and shareholders for their valuable partnership and confidence in the company’s long-term vision.