LONDON: Witan Investment Trust plc has announced that its CEO, Andrew Bell, plans to retire within the next year. In light of this, the Board is seizing the chance to reassess the trust’s investment management strategy and is open to receiving new proposals for managing its portfolio. Chairman Andrew Ross reflects on Witan’s strategic evolution…
Metals Exploration appoints Nick von Schirnding as Chairman of the company
LONDON, UK: Metals Exploration plc (AIM: MTL), a gold producer in the Philippines, announced the appointment of Nick von Schirnding as Chairman of the Company with immediate effect. Steven Smith, the Company’s current Interim Chairman, will remain on the Board and resume his role as a Non-Executive Director. Mr von Schirnding, has over thirty years’…
Oakley Capital agrees to acquire Horizons Optical
LONDON, UK: Oakley Capital Origin Fund I has agreed to acquire Horizons Optical, a provider of medical software used to make premium spectacle lenses. Oakley Capital Origin Fund is acquiring a majority stake in the business alongside CEO Santiago Soler, who will retain a significant share in the business and will continue to lead Horizons….
Supernova Digital Assets has acquired Hyperslot in a share exchange deal
LONDON, UK: Supernova Digital Assets (AQSE: SOL), a company specialising in the Solana ecosystem, has acquired the entire issued share capital of Hyperslot PTE Limited for a total consideration of £225,000, which is to be satisfied with the issue of 150,000,000 new Supernova Shares of £0.001 each in the company at an issue price of…
The Unseen Crimes of the Elite: A Deep Dive into Financial Injustice
In an unprecedented era in American history, the scale and scope of crimes committed by private and state elites have reached new heights. Federal authorities are investigating Meta Platforms for its role in the illicit sale of drugs. U.S. prosecutors in Virginia have been sending subpoenas and asking questions as part of a criminal grand…
Kelyniam Global records sales growth despite revenue dip in 2023
Kelyniam Global (OTC:KLYG), a renowned custom cranial implant manufacturer, has released its financial results for the year ending December 31, 2023. CEO Ross Bjella announced a record-setting fourth quarter in unit sales, contributing to a modest increase in unit volume over the previous year. Despite this, the company experienced a 12% decline in total revenue,…
Arabian Shield Cooperative Insurance Co. Reports Robust Financial Growth in 2023
Arabian Shield Cooperative Insurance Co. has released its annual financial results for the year ending December 31, 2023, showcasing significant growth across all sectors. The company’s insurance revenues soared to SAR 1,145,711 thousand, marking a 24.71% increase from the previous year’s SAR 918,720 thousand. This remarkable upturn is attributed to the expansion of business across…
Saudi Advanced Industries Co. reports 48.49% growth in net profit in 2023
RIYADH: Saudi Advanced Industries Co. (SAIC) has released its annual financial results for the year ended December 31, 2023, showcasing a significant surge in profitability and revenue. The company’s sales/revenue climbed by 55.23% to SAR 180.15 million, up from SAR 116.05 million the previous year. This remarkable growth is also reflected in the gross profit,…
FIPCO posts 22.45% increase in net profit during 2023
RIYADH: Filing and Packing Materials Manufacturing Co. (FIPCO) has released its annual consolidated financial statements for the fiscal year ended December 31, 2023. The company reported a decrease in sales/revenue by 8.71% from the previous year, down to SAR 238 million from SAR 260.7 million. Despite the downturn in sales, FIPCO achieved a 22.45% increase…
Allianz Saudi Fransi reports robust financial performance for 2023
RIYADH: Allianz Saudi Fransi Cooperative Insurance Co. has announced its annual financial results for the year ending December 31, 2023, showcasing significant growth in key financial metrics. The company’s insurance revenues soared to SAR 862,625.07, marking a 17.26% increase from the previous year’s SAR 735,650.28. This surge is attributed to the expanded business in the…
KSA’s First Mills forms First Food Supplies Company
JEDDAH, KSA: The First Milling Company, a leading agro-industrial enterprise, has announced the launch of its fully-owned subsidiary, the First Food Supplies Company. The new venture is set to bolster the parent company’s ambitious growth plans and strategic goals. With an initial capital injection of SAR 100,000, the First Food Supplies Company is poised to…
NADEC signs partnership with United Feed company to boost local meat production
RIYADH: The National Agricultural Development Company (NADEC) has announced a new partnership with the United Feed Company, part of Al Muhaidib Group to enhance food security and support the agricultural sector. The collaboration, endorsed by His Excellency Eng. Abdulrahman bin Abdulmohsen Al-Fadley, Minister of Environment, Water, and Agriculture, aims to establish a specialized limited liability…