ARA inks deal to acquire Seoul square in Seoul, Korea
SINGAPORE: Premier global integrated real assets fund manager ARA Asset Management Limited (ARA) has announced that it has entered into a sale and purchase agreement (SPA) to acquire, via a…
Kuwait Finance House hires consultants for due diligence of Ahli United Bank
KUWAIT: The Board of Directors (BoD) of Kuwait Finance House (KFH) has approved the appointment of professional international independent advisors to conduct the due-diligence for the proposed acquisition of Ahli…
Sahara Petrochemicals Company posts 12.6pc growth in profits
JEDDAH: Sahara Petrochemicals Company has announced a net profit of SAR 500.8 million for the year ended December 31, 2018, which is 12.66 percent higher than the profit of SAR…
Al Kathiri Holding Co. signs technology transfer deal with Italian Emmedue (M2)
JEDDAH: Al Kathiri Holding Co. has announced that one of its subsidiary companies – Alian Industry Co – has signed a non-binding memorandum of understanding with Emmedue (M2), an Italian…
Barwa signs a SAR 800 million financing agreement with a Qatari local bank
DOHA: Barwa Real Estate Company announced signing a new financing agreement with a Qatari local bank in the amount of QAR 800 million. The purpose of the agreement is to…
DFM signs MoU with Dubai Land Department to streamline connectivity
DUBAI: Dubai Financial Market (DFM) signed Memorandum of Understanding (MoU) with the judicial arm of the Dubai Land Department (DLD), the Rental Disputes Center (RDC). The agreement aims to reinforce…
Republic of Korea increases workers quota for Pakistan by 11pc
ISLAMABAD: Ambassador of the Republic of Korea to Pakistan, Kwak Sung-Kyu, called on Zulfikar Bukhari, Special Assistant to Prime Minister on Overseas Pakistanis & Human Resource Development, to discuss workers…
Nikon mirror-less camera Z6 takes videography to the next level
KARACHI: A media meet-up for Nikon’s newly launched DSLR camera, Z6, took place at a local hotel. The evening kick-started with guests and media mingling at the Red Carpet and…
CapitaLand launches one of China’s largest discretionary debt funds
SINGAPORE: CapitaLand Limited (CapitaLand) has announced the first closing of CREDO I China – the Group’s first discretionary real estate debt fund. The fund, with a target capital raise of…
Dallah Healthcare Company to increase its capital by 27.1 percent
JEDDAH: Dallah Healthcare Company has decided to increase company’s capital by 27.1 percent via giving free shares, a bourse filing said on Wednesday. Company capital, which was SAR590 million (59…
Almarai Company completes $500 million International Sukuk issue
JEDDAH: Almarai Company has completed its $500 million International Sukuk issue to institutional investors. Almarai Company issued 2,500 bonds/sukuk of $200,000 each. The bond offers 4.311 percent return for Sukuk…
QIIB’s $500 million Sukuk oversubscribed by more than 6 times
DOHA: Qatar International Islamic Bank (QIIB) has announced the successful issuance of $500 million Sukuk under the Bank’s Sukuk programme of $dollars 2.0 billion. The offering was oversubscribed by six…
Agility earmarks $100 million to invest in Shipa
KUWAIT: Agility Public Warehousing Company (Agility) has earmarked $100 million to invest in Shipa, which is a digital platform that helps small businesses and entrepreneurs to manage their logistics business…
Ausdrill Limited posts strong financial results
SINGAPORE: Diversified mining services company Ausdrill Limited (ASX: ASL) has delivered a strong financial result for the six months ended December 31, 2018 following the transformational acquisition of Barminco. The…
Wabtec completes successful merger with GE Transportation
WILMERDING: Wabtec Corporation (NYSE: WAB) announced it has completed its merger with GE Transportation, a former business unit of GE (NYSE: GE). This merger establishes Wabtec as a Fortune 500,…
Silverlake Axis offloading Silverswitch to Dialog Innovation
SINGAPORE: The Board of Directors of Silverlake Axis Ltd have announced that the company and Elite Capital Limited have entered into a sale and purchase agreement with Dialog Innovation Ventures…
Olam announces acquisition of Indonesia’s largest cocoa processor, BT Cocoa
LONDON: Global food and agri-business Olam International Limited has announced that it has acquired an 85 percent share of YTS Holdings Pte Limited, for a consideration of $90 million, which…
Saudi International Petrochemical Company holds financial earnings call
JEDDAH: Saudi International Petrochemical Company (Sipchem) conducted the quarterly financial results earnings call with analysts and investment institutions to discuss its annual financial results ending on 31 December 2018. Sipchem…
Almarai Company starts Issuing International Sukuk
JEDDAH: Almarai Company has started issuing international Sukuk to institutional investors – qualified investors in the jurisdictions in which the offering will be made in accordance with the rules and…
Alkhaleej Training signs contract with Airbus Defense and Space GmbH
JEDDAH: Alkhaleej Training and Education Company has announced the signing of a contract with branch of Airbus Defense and Space GmbH. The company signed a three-year training contract with the…