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…
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…
AGM develops composite applications for space exploration
LONDON: Applied Graphene Materials (AGM), the producer of specialty graphene materials, and Infinite Composites Technologies, a designer, developer and manufacturer of composite pressure vessels, have together developed a composite material technology suitable for specific space applications. Infinite Composites has successfully incorporated AGM’s graphene technology into two resin systems for cryogenic pressure vessels being considered for…
Clipper Logistics commences e-commerce operations for Amara Living
LONDON: Clipper Logistics plc, a leading provider of value-added logistics solutions, e-fulfilment and returns management services to the retail sector, announced that operations have commenced on a new five-year contract with Amara Living Limited, the fast-growing online retailer operating in the home, living and lifestyle sectors. The new operation is based in Clipper’s existing facility…
Formula Offroad signs OEM supply agreement with Foton
MELBOURNE: RPM Automotive Group Limited announced that its wholly owned subsidiary Formula Offroad has begun the exclusive OEM supply of front-end and rear-end protection products, as well as other accessories, to Foton Motor Company Australia. The Australian supply agreement is for the life of Foton’s vehicle range being supplied, being the Foton Aumark 7.5 Tonne…
Trigg Mining completes $4.5mn IPO, begins exploration activities
PERTH: Trigg Mining Limited has completed a $4.5 million Initial Public Offer (IPO). The IPO fund raising was widely supported by the Australian public, a large resources-focused institutional investor and the agricultural community which sees a need to address Australia’s reliance on imported potassium fertilisers, necessary for agricultural production. Under the IPO, the Company issued…
GWR completes Wiluna West high grade iron ore mining rights agreement with Gold Valley
PERTH: GWR Group Limited has confirmed receipt of the execution payment of $250,000 (ex GST) related to the Mining Rights Agreement for the mining of up to 3 million tonnes of iron ore from its John William Doutch (JWD) deposit at GWR’s 100% owned Wiluna West Iron Ore Project by private iron ore development group…
Deyaar launches utilities management company, Nationwide Management LLC
DUBAI: Deyaar Development PJSC, one of Dubai’s leading property developers and real estate service providers, has announced the expansion of its portfolio with Nationwide Management LLC for the supply, management and retrofit of utility management across various buildings and communities. The new company will focus on delivering superior utilities management solutions, complementary to services currently…
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…
Severfield to acquire Harry Peers & Co for £18.0 million
LONDON: Severfield plc, the market leading structural steel group, has entered into an agreement to acquire 100% of the share capital of Harry Peers & Co Limited, a leading full-service structural steelwork business, for a net initial consideration of £18.0 million payable in cash on completion. A performance-based deferred consideration is in place, which could…
Polypipe Group acquires Alderburgh Group for £14 million
LONDON: Polypipe Group plc, a leading provider of sustainable water and climate management solutions for the built environment, today announced the acquisition of the Alderburgh Group of companies for a total cash consideration of £14 million on a cash and debt free, normalised working capital basis. Alderburgh is a leading designer, manufacturer and installer of…