DUBAI, UAE: Invictus Investment (ADX: INVICTUS) announced the capital expenditure of AED 2.8 million to procure a fleet of over 8 refrigerated trucks to enable movement of perishable goods between Sudan, UAE and Saudi Arabia. The purpose-built vehicles will transport key items such as chilled meat of lamb, beef, and goat along with fruits. This…
Depa secures hospitality projects worth approximately AED 157 million
DUBAI, UAE: Depa Plc, the leading global interior solutions group, announced project awards worth approximately AED 157 million through Depa Interiors – Depa’s Middle East key business unit specialising in the provision of interior solutions to the hospitality, residential, commercial, and transport and civil infrastructure sectors. Depa Interiors secured a AED120 million hospitality package within…
Al Salam Bank and Visa sign exclusive partnership agreement
MANAMA, BAHRAIN: Al Salam Bank recently announced the signing of an exclusive partnership agreement with Visa, renewing its collaboration with the global payments technology company. This follows Al Salam Bank’s acquisition of select assets from Ithmaar Holding, including the consumer banking business of its wholly-owned subsidiary, Ithmaar Bank. The strategic agreement aims to provide enhanced…
Dubai Islamic Bank prices $750 million inaugural Sustainable Sukuk
DUBAI, UAE: Dubai Islamic Bank PJSC (DIB), rated A3 by Moody’s and A by Fitch successfully priced its inaugural Sustainable Sukuk – a landmark USD 750 million 5-year senior issue with a profit rate of 5.493% per annum representing a spread of 155bps over 5-Year US Treasuries. The Sukuk was issued in line with DIB’s…
BSA Limited sells APS Maintain business to CBRE Group for A$20 million
SYDNEY, AUSTRALIA: BSA Limited (ASX:BSA) has entered into an agreement to divest its APS Maintain business to CBRE Group Inc. for A$20 million in cash and subject to customary completion adjustments and third party consents. CBRE Group Inc. is a NYSE-listed Fortune 150 company and global leader in commercial real estate services and investments. The…
Xref acquires employee engagement platform, Voice Project
SYDNEY, AUSTRALIA: Global HR tech platform Xref Limited (ASX: XF1) has acquired employee engagement company Voice Project. This is the third and final piece of the Xref strategy to offer a comprehensive hire-to-retire solution for employers. Xref has established a leadership position in automated applicant reference checking. Last year, Xref launched its exit survey product,…
John Lorente appointed CEO of Big River Industries
SYDNEY, AUSTRALIA: Big River Industries (ASX: BRI) announces current Big River Industries executive, John Lorente will be appointed to the CEO role and Director effective 1 March 2023. John Lorente joined Big River Industries in early 2018 and is currently an Executive General Manager. John has been employed in the building products sector over a…
Alex Froment Curtil, Group Chief Commercial Officer, to leave Vodafone
LONDON, UK: Vodafone today announced a change to its Group Executive Committee. Alex Froment Curtil Group Chief Commercial Officer will leave Vodafone to return to France with his family for an external opportunity in another industry effective 31 December 2022. His successor will be announced in due course. Alex Froment Curtil joined Vodafone in 2004…
Why Consider A Virtual CFO For A Firm?
Many companies claim to provide Fractional CFO or Virtual CFO (VCFO) services, but they usually mean back-office accounting services such as bill payment, cash flow management, etc. Outsourced bookkeeping is a great option where you can hand over your accounting tasks to specialists outside your organisation who provide high-level consulting (at a premium) but leave…
Anglo Asian Mining expanding flotation plant to double the capacity
LONDON, UK: Anglo Asian Mining Plc, the AIM listed gold, copper and silver producer focused in Azerbaijan, announced the start of an expansion of its flotation plant, which will be doubled in capacity, and provide additional operational flexibility. The expansion forms part of Anglo Asian’s increase in throughput capacity to process ore from new mines…
Targetspot SA sells its digital audio business to Azerion
PARIS, FRANCE: Targetspot SA announced the sale of its digital audio business (Targetspot Division), housed within its subsidiary Radionomy Group B.V., to Azerion. Azerion is an international group listed on Euronext Amsterdam that operates through a high-growth digital entertainment and media platform. This operation will allow the three shareholders of Radionomy Group B.V. (Targetspot holding…
Neil Ash appointed new CEO of Forterra plc
LONDON, UK: The Board of Forterra plc announced that Neil Ash will become Chief Executive Officer designate of Forterra on 3 April 2023. Forterra is a manufacturer of building products for the UK’s construction industry. It is listed on the London Stock Exchange. This appointment follows the announcement on 24 May 2022 that Stephen Harrison…