ABU DHABI, UAE: Abu Dhabi Islamic Bank’s (ADIB) Board of Directors announced the appointment of UAE National Nasser Abdulla Al Awadhi as ADIB’s new Group Chief Executive Officer starting from January 9th 2022 subsequent to UAE Central Bank approval. Nasser brings over 33 years of experience in banking and is a leading practitioner in Islamic…
GPS Alliance acquires majority stake in A&S Slabs
SYDNEY, AUSTRALIA: GPS Alliance Holdings announced the acquisition of a 65% equity interest in A&S Slabs Pte Ltd (A&S), a company incorporated in Singapore, for a purchase price of S$650,000 from the vendor, JKL Engineering Pte Ltd. The purchase price of S$650,000 is to be funded by the issue of 12,500,000 GPS shares at an…
Chris Jamieson appointed CEO of Jade Gas Goldings
MELBOURNE, AUSTRALIA: Jade Gas Holdings (ASX:JGH) has appointed Mr Chris Jamieson as the Company’s Chief Executive Officer, commencing 16 December 2021, to lead the development of the Company’s flagship TT Coal Bed Methane Gas Project in the South Gobi Basin in Mongolia. Chris Jamieson has broad experience in the oil and gas sector having spent…
American Tower to buy CoreSite for $7.5 billion
NEW YORK: American Tower Corp (AMT.N) has agreed to buy U.S. data center operator CoreSite Realty Corp (COR.N) for $7.51 billion in cash. The Denver-based company has more than 24 operating data center facilities in North America, leasing out space to companies that outsource some of their computing power. It started as a company of…
GFH Financial acquires 60% stake in Multi-Specialty Healthcare for $100mn
BAHRAIN: GFH Financial Group announced the acquisition of a 60% stake in the UAE’s leading provider of multi-specialty healthcare, Multi-Specialty Healthcare Partner Holding Ltd., in a deal value exceeding US$100 million. The company is the only diversified multi-specialty healthcare chain in Abu Dhabi and Al Ain and is one of the few in the UAE…
Bank of Cyprus sells loans and real estate properties for €385 mn
LONDON, UK: Bank of Cyprus Holdings Public Limited Company has reached an agreement with funds affiliated with Pacific Investment Management Company LLC for the sale of a portfolio of Non Performing Loans (NPLs) with a gross book value of €577 mn, as well as real estate properties with a book value of €121 mn. The…
Stanley Gibbons buys 20% stake in Showpiece Technologies
LONDON, UK: Stanley Gibbons plc has purchased of 20% of the equity in Showpiece Technologies Ltd from Phoenix Asset Management Partners (PAMP), through its subsidiary Stanley Gibbons Limited. Showpiece is the fractional ownership platform through which the company is making available for sale, beneficial title in fractions of the world’s most valuable stamp, the 1c-Magenta…
Dev Clever appoints ex-Apple director Alan Greenberg
LONDON, UK: Dev Clever (LON: DEV) has appointed Alan Greenberg as a Special Adviser to the Board. Alan is a former Head of Higher Education EMEA and Director of Education China & Asia Pac at Apple Inc. He has significant and relevant expertise in product-market-fit, in launching consumer focused, impactful and sustainable educational applications across…
Wizz Air to purchase 102 Airbus A321 aircraft
DUBAI, UAE: Wizz Air Holdings (LON: WIZZ), Europe’s fastest-growing airline, has signed an agreement with Airbus S.A.S. for the purchase of a further 102 Airbus A321 aircraft, comprising 75 Airbus A321neo and 27 Airbus A321XLR aircraft, with the bulk to be delivered between 2025 and 2027. Under certain circumstances, Wizz Air may acquire a further…
Agreement to develop clean energy hub for Shoreham Port, Sussex
LONDON, UK: Getech Group, the geoscience and geospatial technology provider and data-led energy asset developer, is pleased to announce that its wholly owned hydrogen subsidiary, H2 Green, has signed a Collaboration Agreement with Shoreham Port. The Agreement grants H2 Green exclusive rights for the development of all port-based hydrogen, ammonia, and new onshore wind and…
Primary Health Properties acquires Bersted Green Surgery for £5.34mn
LONDON, UK: Primary Health Properties (LON: PHP), one of the UK’s leading investors in modern primary healthcare facilities, announces that it has acquired the Bersted Green Surgery, West Sussex, for a total consideration of £5.34 million. The property is a modern purpose-built primary care facility which is fully let to a substantial GP practice and…
Saint-Gobain has acquired a gypsum plant in Kenya
LONDON, UK: Saint-Gobain has acquired a gypsum plant in Nairobi, Kenya. This will be Saint-Gobain’s first production site in Kenya, where it will also invest in a construction chemicals production line on the same site. Saint-Gobain has also acquired a majority stake in a.b.e. Mauritius, a leading producer – and a licensee of Chryso –…