NICOSIA: Bank of Cyprus Holdings Public Limited Company (BOC) has announced the completion of the sale of its entire shareholding of 49.9% in its associate CNP Cyprus Insurance Holdings Ltd to CNP Assurances S.A. who owns the remaining 50.1%, following the receipt of the necessary regulatory approval. The sale consideration of €97.5 million was received…
Category: Australian Exchange
Australian Securities Exchange news today and company announcements regarding mergers, acquisitions, appointments, expansion and technology of companies listed on Australian Securities Exchange (ASX).
QSE promotes sustainability and & ESG disclosure among listed companies
DOHA: Qatar Stock Exchange (QSE), in cooperation with MSCI, held a senior level sustainability and ESG engagement session, titled MSCI Qatar ESG & Climate Change Forum in Qatar, with the aim to promote the business case for ESG and sustainability, outline QSE’s sustainability action plan to attract responsible investors, provide an overview of global investor…
AM Best affirms credit ratings of BF&M Group
OLDWICK: AM Best has affirmed the Financial Strength Rating (FSR) of A (Excellent) and the Long-Term Issuer Credit Ratings (Long-Term ICR) of “a” of BF&M Life Insurance Company Limited (BF&M Life), BF&M General Insurance Company Limited (BF&M General) and Island Heritage Insurance Company. Furthermore, AM Best has affirmed the FSR of A- (Excellent) and the…
Qatar Stock Exchange launches fifth annual IR excellence program
DOHA: Qatar Stock Exchange (QSE), in collaboration with Iridium Investor Relations, today launches the fifth annual Investor Relations (IR) Excellence Program, which aims to help listed companies in Qatar further improve investor relations best practices. Since its inception in 2015 as the first recognition program of its kind in the GCC, the IR Excellence Program…
Al Waseelah issues $50 million Sukuk in European market
LONDON: In a first for the European market, Al Waseelah plc has issued a USD 50 million 10% 7-year Sukuk to finance the expansion of the mining operations for NQ Minerals plc, a UK listed company with a proven track record and operating profits. This is a ground breaking transaction; a first for European corporates,…
Eastspring signs agreement to acquire 50.1pc stake in Thanachart Fund
LONDON: Eastspring Investments, the Asian asset management business of Prudential plc, has signed an agreement to acquire 50.1 percent of Thanachart Fund Management Co., Ltd. (TFUND) from Thanachart Bank Public Company Ltd. (TBANK) and Government Savings Bank (GSB). Following this acquisition TBANK’s customers will have access to Eastspring’s world class investment solutions. The consideration for…
Equals Group signs agreement with Mastercard
LONDON: Equals Group PLC, the e-banking and international payments group, has entered into a new 5-year agreement with Mastercard. Under the deal, Mastercard will provide assistance to Equals to grow its various card-based businesses through improved economic terms based on transaction volumes and also assist in the process of Equals becoming an issuer of all…
Samruk Kazyna announces intention to sell GDRs
NUR-SULTAN, KAZAKHSTAN: Joint-Stock Company Samruk-Kazyna has, announced its intention to sell approximately 6.5 million global depositary receipts (GDRs) representing interests in ordinary shares of the Company. The Placing Securities represent approximately 2.5% of the Company’s issued share capital. The Placing Securities are being offered by way of an accelerated book-build through the London Stock Exchange…
Bank of Georgia launches a digital solution for MSME sales and operations
LONDON: Bank of Georgia Group announces the launch of Optimo – a digital solution for customers to run their business sales and operations. The Optimo platform is designed to address the needs of micro, small and medium sized enterprises in optimising their day-to-day operations and better managing their businesses in general. Optimo’s cutting-edge digital solution,…
Begbies Traynor acquires Regeneratus Consulting
LONDON: Begbies Traynor Group, the business recovery, financial advisory and property services consultancy, announces the acquisition of the entire issued share capital of Regeneratus Consulting, which is an Exeter based advisory practice with particular expertise in restructuring, turnaround and legal issues. Founded by Rob Insall in 2016, it reported annual revenue of £0.6 million and…
Graham Wheeler appointed CEO of Advantage Finance
LONDON: S&U plc, the specialist motor finance and bridging lender, announces the appointment of Graham Wheeler as CEO of S&U’s market leading motor finance business, Advantage Finance. Graham joins the Company on 1st October 2019. Graham will take the reins at Advantage Finance from Guy Thompson, who is planning to retire in 2020. Guy was…
Dubai Investments wins Arab Investor award 2019
DUBAI, UAE: Dubai Investments PJSC, the leading investment and a public joint stock company listed on the Dubai Financial Market has successfully managed to elevate Arab competitiveness to a global level by winning the Arab Investor award 2019. Under the category of ‘Impact of Investment’, Dubai Investments PJSC was chosen as the winner for its…