MANAMA, BAHRAIN: Infracorp B.S.C., the infrastructure and sustainability arm of GFH, announced the issuance of a US$900 million Sukuk, the first-ever green sukuk issued by a Bahraini entity and has been listed on London Stock Exchange. This landmark transaction reflects Infracorp’s strategy to accelerate growth of sustainable infrastructure development across MENA and South Asia regions…
Al Salam Bank launches revamped Danat Savings Scheme for 2022
MANAMA, BAHRAIN: Al Salam Bank has announced the launch of its new and improved Danat Savings Scheme for 2022, held under the theme ‘gold-filled year’, where cash prizes have been replaced with bars of gold. The revamped Danat Savings Scheme, which will start from April 2022 and end in March 2023, will give clients the…
Rana Gruber to be the first mining company to list on Oslo Stock Exchange
OSLO, NORWAY: The Norwegian iron ore producer Rana Gruber transfers its shares from Euronext Growth and lists on Oslo Stock Exchange. The company is the only mining company listed on the Oslo Stock Exchange’s main list and the second company located in Northern Norway. Rana Gruber is a Norwegian iron ore producer, which has been…
Terje Pilskog takes over as CEO of Scatec ASA
OSLO, NORWAY: The Board of Directors of Scatec ASA has appointed Terje Pilskog (51) as the company’s new Chief Executive Officer. Raymond Carlsen (67) will step down after 13 years and the change will take place on 1 May. Terje Pilskog comes from the position as EVP Project Development. “Terje Pilskog has been instrumental in…
Cardno agrees to sell Cardno International Development for A$56.56mn
SYDNEY, AUSTRALIA: Cardno Limited (ASX: CDD) has entered into a share purchase agreement for the sale of 100% of Cardno International Development for an enterprise value of AUD $56.5 million. The agreement is signed with with DT Global Australia Pty Ltd, which is a subsidiary of DT Global L.P. Cardno International Development comprises of Cardno…
Aeris Environmental appoints Andrew Just as its new CEO
SYDNEY, AUSTRALIA: Aeris Environmental Ltd (ASX: AEI) announced the appointment of Andrew Just as its new Chief Executive Officer (CEO). This appointment follows the resignation of Peter Bush as CEO of the Company with immediate effect. Mr Bush will consult to Aeris Environmental to ensure a comprehensive handover during the next three months. Andrew Just…
How to Build an Awesome Team in Real Estate
Most brokers look forward to starting their dream team. Unfortunately, most of them are unaware that there is more to recruiting than meets the eye. To establish a great real estate dream team, you need to be a strong leader with a sense of purpose, and putting together a group that understands your vision takes…
Alstom to supply up to 40 Coradia Stream electric trains in Romania
PARIS: FRANCE: Alstom and the Romanian Railway Reform Authority (ARF) have signed a contract for the delivery of 20 Coradia Stream inter-regional trains and associated 15-year maintenance services. The value of the contract is estimated at €270 million. These trains will be the first passenger trains provided by Alstom for operation in Romania. The contract can…
SS&C completes acquisition of Hubwise Securities Limited
WINDSOR: SS&C Technologies Holdings, Inc. (Nasdaq: SSNC) today announced it has completed its acquisition of Hubwise Holdings Limited (“Hubwise”). Hubwise is a regulated B2B investment platform serving advisers, discretionary wealth managers and self-directed digital D2C propositions. “We are pleased to announce the completion of this strategic acquisition for SS&C,” said Bill Stone, Chairman and CEO. “The partnership…
Co-op Group CEO Steve Murrells to step down in May
LONDON, UK: The Co-operative Group has announced that its Group CEO, Steve Murrells will step down following this year’s AGM in May. At the same time the Board has chosen to appoint Shirine Khoury-Haq, Group CFO and CEO of Co-op Life Services as its Interim Group CEO. Commenting, Co-op CEO Steve Murrells said; “It is important…
Coworking space startup, Colabs, secures $3 million in seed funding
LAHORE, PAKISTAN: Coworking space startup, Colabs, has secured $3 million in seed funding in a round led by Indus Valley Capital, Zayn Capital and Fatima Gobi Ventures. Colabs co-founder and CEO Omar Shah, a former investment banker, told TechCrunch, ‘We realized that people setting up operations in Pakistan need other services; they need help to set up companies,…
Anglo American completes sale of remaining shareholding in Thungela Resources
LONDON, UK: Anglo American plc has announced the sale of the group’s remaining 8.0% shareholding in Thungela Resources Limited through an accelerated book build placing to a number of major financial institutions, realising gross proceeds of R1,672 million (approximately US$115 million). The Thungela shares were placed at a price of R154 per share, representing a…