Friday 29 March 2024
 
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Agility sets $2.6bn interim in-kind dividend & $83m cash payout

Agility Public Warehousing Company has approved an interim cash dividend distribution of KD25.5 million ($83 million), equivalent to 10 fls per share and an in-kind dividend of KD800 million ($2.6 billion).    The in-kind dividend represents shares forming

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Investcorp appoints new Chief Financial Officer

Investcorp, a leading alternative investment firm, has appointed Abbas Rizvi as its Group Chief Financial Officer (CFO), effective April 1.    This appointment follows Investcorp' s current CFO Jan Erik Back’s decision to retire. &nbs

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ADIB leads closure of $235m syndicated transaction

Abu Dhabi Islamic Bank (ADIB) has announced the successful closure of a sharia compliant syndicated transaction worth AED865 million ($235 million) for BGN and Al Seer Marine to finance new and energy-efficient gas carriers.    This financing marks the seco

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Private equity activity surges in KSA, hits $4bn in 2023

Saudi Arabia has witnessed a remarkable surge in private equity (PE) activity over the past five years, reaching a pinnacle of $4 billion in 2023, the ‘2019-2023 Saudi Arabia Private Equity Report’ revealed.    According to the report published

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IFSB appoints Dr Ghiath Shabsigh as new Secretary-General

The Islamic Financial Services Board (IFSB), an international standard-setting organisation for the global Islamic financial services industry, has appointed Dr Ghiath Shabsigh as its fourth Secretary-General, effective April 1, 2024. Dr Shabsigh succeeds Dr Bello Lawal Danbatta, whose tenure

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Emirates Islamic marks 20 years of outstanding progress

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, remains committed to advancing Dubai’s status as the global capital of the Islamic economy.   Celebrating its 20th anniversary, the Islamic banking arm of the Emirates NBD Grou

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Mubadala invests in India’s Avanse Financial Services

Mubadala Investment Company, the Abu Dhabi-based investment company, announced today that it is investing in Avanse Financial Services, India’s new age, technologically advanced, education-focused non-banking financial company (NBFC).    Mubadala led

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Tamkeen and BIBF partner to empower Bahrainis

Bahrain’s Labour Fund Tamkeen has announced its support for Bahrainis wishing to enrol in the Chartered Institute of Personnel and Development (CIPD) programme at the Bahrain Institute of Banking & Finance (BIBF).    The initiative aims to qualify

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stc Bahrain subsidiary driving growth in fintech sector

stc Bahrain's wholly owned subsidiary, stc pay Bahrain, said it has achieved key milestones with over 300,000 downloads, and more than 15 million transactions worth of over BHD 500 million processed in the past year. Attributing the achievements to innovation and growth in Bahrain&

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Middle East presents ‘fertile ground for dealmaking in 2024’

A heightened on-ground interest and an increased appetite will drive deal activity into a new era of growth and opportunity in 2024 across diversified areas of investment in the Middle East.    According to the 2024 TransAct report by PwC Middle East, despi

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