DOHA: Doha Bank, rated A by Fitch and Baa1 by Moody’s, successfully completed a USD 500 million 5-year senior unsecured bond at a yield of 2.431% per annum, which is equivalent to a credit spread of 150 basis points over…
DUBAI: BH Mubasher Financial Services, a leading company in the UAE’s financial market, held its Annual General Meeting on 24th March 2021, which adopted a resolution to change the name of the company to BHM Capital Financial Services. The AGM…
NEWARK: AeroFarms has entered into an Agreement and Plan of Merger with Spring Valley Acquisition Corp., a special purpose acquisition company, to become publicly traded on Nasdaq under the new ticker symbol “ARFM”. The combined company will be led by…
KARACHI: Arif Habib, Chairman Arif Habib Group, has made the seed investment in InstaMall, which is building a trustworthy, customer-centric and tech-enabled platform. “Pakistan is now in the early stages of its e-commerce life cycle and has a growing middle…
PARIS: Rexel announced that Patrick Berard will step down as Chief Executive Officer on September 1, 2021. He will be succeeded on that date by Guillaume Texier, who joins the company after holding several senior management positions at Saint-Gobain. Mr….
OSLO: Kongsberg Defence & Aerospace AS has signed a new agreement with Lockheed Martin Aeronautics (LMA) worth 1.75 billion NOK for the F-35 Joint Strike Fighter program production lots 15-17. The agreement includes delivery of the F-35 Rudders, Vertical Leading…
LONDON: Irish Ferries, a subsidiary of Irish Continental Group (ICG), announced a new service on the Dover – Calais route. Irish Ferries is the market leader for freight and passengers between Britain and the Republic of Ireland, a leadership position…
LONDON: Urban Logistics has exchanged contracts to sell five assets as part of a portfolio for £30.0 million at a 4.8% exit yield, realising a total property return of 78.8%. The sale is in line with Urban Logistics’ stated strategy…
LONDON: Argo Blockchain, a global leader in cryptocurrency mining, has signed a Memorandum of Understanding (MoU) with DMG Blockchain Solutions to launch the first Bitcoin mining pool powered exclusively by clean energy. Under the terms of the MoU, Argo and…
LONDON: Renew Holdings has agreed to acquire the entire issued share capital of J Browne Group Holdings Limited for a cash consideration of £29.5 million, a news release said. J Browne is a water focused engineering services business based in…
LONDON: Safestay Plc has entered into conditional sale and purchase agreements to sell the Edinburgh Hostel to a&o Hotels and Hostels for a cash consideration of £16 million payable at completion, representing a 22% premium to the £13.4 million book…
LONDON: Aviva plc has reached a significant milestone in the execution of strategy, with the agreement to sell its entire shareholding in Aviva Poland to Allianz for a cash consideration of €2.5 billion, valuing the acquired business at €2.7 billion,…