RIYADH: Modern Mills Company (MMC), a leading milling and nutrition company in Saudi Arabia, has announced the price range for its initial public offering (IPO) of 30% of its share capital, as well as the start of the institutional book-building…
PARIS: CARBIOS, a pioneer in biological technologies for plastic and textiles, and De Smet, a leading provider of engineering and construction services for biotech and agro-processing industries, have announced their collaboration to construct the world’s first PET biorecycling plant in…
ABU DHABI: Americana Restaurants, the leading restaurant operator in the MENA region and Kazakhstan, announced its financial results for the year 2023, showing revenue growth, margin improvement, and dividend payout despite challenging market conditions. The company, which operates popular brands…
DUBAI: Union Properties PJSC (UPP) announced its preliminary financial results for the fiscal year 2023, registering a record net profit of AED 811 million, up by 2607% from 2022. The company’s operating profit also grew by 60%, reaching AED 508…
DUBAI: Orient Insurance Company (PJSC), a subsidiary of Al-Futtaim Group and a leader in the insurance market, announced today its impressive financial performance for the year ending on 31/12/2023. The company reported a net profit of AED 636 million, a…
QuantumScape Corporation, a leader in next-generation solid-state lithium-metal battery technology, has appointed Dr. Siva Sivaram as its new CEO and board member, effective February 15, 2024. Dr. Sivaram, a semiconductor and data storage industry veteran, joined QuantumScape as President in…
LONDON: Guident Ltd, a Tekcapital portfolio company and a leader in AV teleoperation, announced today that it will integrate its remote monitoring and control software with the MiCa autonomous shuttle from Auve Tech, an Estonia-based company that develops and manufactures…
LONDON, UK: Quadrise Plc (AIM: QED), the supplier of innovative energy solutions for a cleaner planet, announced the signature of a Project Development Agreement (“PDA”) with renewable biofuels specialists, BTG Bioliquids BV (“BTL”) and Euthenia Energy Group Limited (“Euthenia”). As…
LONDON, UK: Katoro Gold PLC (AIM:KAT), a strategic and precious minerals exploration and development company, announced the proposed appointment of Sean Wade as Non-executive Chairman of the Company, subject to due diligence. Mr Wade is the Chief Executive Officer of…
LONDON, UK: Cirata plc (LSE: CRTA), announced that after due process, Ken Lever has been appointed as Chair and Non-Executive Director of the Board of Directors (the “Board”) effective immediately. Ken Lever has served as Interim Chair and Non-Executive Director…
Renesas Electronics Corporation, a supplier of advanced semiconductor solutions, and Altium Limited, a global leader in electronics design systems, have agreed to a deal that will see Renesas acquire all outstanding shares of Altium for A$68.50 per share, valuing the…
If you are a successful business man, you may have accumulated a considerable amount of wealth in the past decade. You may also have a growing business surplus that you need to set aside for emergencies. But do you know…