AIM is a market for small and medium size growth companies, which provides them with access to a diverse set of investors and a supportive advisory community. Listing on AIM is the process of floating a company on the Alternative Investment Market (AIM), which is a sub-market of the London Stock Exchange (LSE) for smaller…
Phoenix Group to acquire a 25% stake in Lyvely Ltd
ABU DHABI: Phoenix INV Holdings, a wholly owned subsidiary of Phoenix Group PLC, has entered into a subscription and investment agreement dated 26th December 2023 to acquire a 25% stake in Lyvely Ltd. Phoenix Group is currently completing all required procedures to implement the said transaction. Lyvely Ltd is a company that provides a platform…
AstraZeneca to buy Gracell Biotechnologies for up to $1.2bn to boost cell therapy pipeline
Acquisition of Gracell completed AstraZeneca has agreed to acquire Gracell Biotechnologies, a company developing cell therapies for cancer and autoimmune diseases, for up to $1.2bn. The deal will add GC012F, a dual-targeting CAR-T therapy for multiple myeloma, to AstraZeneca’s portfolio of cell therapies. Gracell Biotechnologies will operate as a wholly owned subsidiary of AstraZeneca, with…
Empower and ASHRAE enter into a global partnership
DUBAI: Emirates Central Cooling Systems Corporation PJSC (Empower), the world’s largest district cooling services provider, and the American Society of Heating, Refrigerating and Air-Conditioning Engineers (ASHRAE) met in Dubai to collaboratively formulate short and long-term strategies and action plans towards the global expansion of the district cooling industry while ensuring the widespread sharing of knowledge…
GIB Saudi Arabia raises SAR 1.5 billion in debut Sukuk issuance
Gulf International Bank – Saudi Arabia (GIB KSA), a leading bank in the Kingdom, has successfully issued its first Tier 2 Sukuk worth SAR 1.5 billion under its newly established SAR 3 billion Tier 2 Sukuk programme. The Sukuk, which has a tenor of 10 years with a call option after five years, was oversubscribed…
Fitness Time Xpress opens new men-only center in Riyadh
RIYADH: Fitness Time Xpress, a brand of Leejam Sports Company, is opening a new men-only fitness center in Riyadh on Sunday, December 24, 2023. The center will offer 24-hour service, digital features, and flexible plans at an affordable price, without swimming pools. The aim is to make fitness more accessible and support Saudi Arabia’s vision…
How to Get the Best Deals from Al Salam Bank at the Autumn
DUBAI: As the official and exclusive sponsor of Informa Markets exhibitions, Al Salam Bank has launched a special campaign for all attendees of the Autumn Fair, which runs from 21 to 29 December 2023. The campaign aims to enhance the banking experience of its clients by offering them various exclusive benefits. Visitors can visit Al…
Jackson House acquires Cameron Care to boost mental health residential services
Jackson House, a provider of residential mental health treatment in California, has acquired a majority stake in Cameron Care, a Portland-based residential treatment provider for adults with severe and persistent mental illness. The deal, which was announced on Monday, will create a new entity called Cameron Care, LLC, with Corey Cameron, the owner of Cameron…
Accenture acquires Italian IT firms: Customer Management IT and SirfinPA
Accenture, a global professional services company, has announced the acquisition of Customer Management IT and SirfinPA, two Italian IT consultancies that specialize in justice and public safety solutions for the public sector. The deal will enhance Accenture’s ability to help public service organizations in Italy modernize their digital systems and improve their service delivery to…
Bristol Myers Squibb to buy Karuna Therapeutics for $14 billion
Bristol Myers Squibb (BMY) announced today that it has agreed to acquire Karuna Therapeutics (KRTX), a biopharmaceutical company focused on psychiatric and neurological disorders, for $330 per share in cash, or $14 billion in total. “There are tremendous opportunities in neuroscience, and Karuna strengthens our position and accelerates the expansion and diversification of our portfolio…
Blaize, a provider of AI-enabled edge computing solutions, to go public via merger with BurTech
Blaize, Inc., a company that offers full-stack, AI-enabled computing solutions for various markets, announced today that it has agreed to merge with BurTech Acquisition Corp., a special purpose acquisition company listed on Nasdaq. The deal values Blaize at $894 million and will result in Blaize becoming a publicly traded company under a new ticker symbol….
Great Day Improvements acquires Home Performance Alliance
Great Day Improvements, LLC, a leading direct-to-consumer home remodeling company, has acquired Florida-based Home Performance Alliance (HPA), a provider of window replacement, bath remodels and high-performance roofing solutions. The acquisition adds a new product line to Great Day Improvements’ portfolio of brands and enables the company to serve more homeowners across different climates and regions….