OSLO: Ultimovacs ASA, a pharmaceutical company developing novel immunotherapies against cancer, announces that Carlos de Sousa, MD, has been appointed as the new Chief Executive Officer. Dr. de Sousa joins Ultimovacs as a seasoned industry executive with 30 years of…
LONDON: Polar Capital Holdings has reached agreement to acquire from Los Angeles based asset manager First Pacific Advisors its International Value and World Value equity team led by Pierre Py and Greg Herr. Polar Capital and the Managers share common…
LONDON: The Property Franchise Group, one of the UK’s largest property franchises, announced the appointment of Gareth Samples as Chief Executive Officer Designate, further to the announcement on 31 July 2019 that Ian Wilson intends to retire in 2020. It…
MANAMA, BAHRAIN: Al Salam Bank-Bahrain reported a net profit attributable to shareholders of BD 4 million in the fourth quarter of 2019 compared to BD 5 million in the fourth quarter of 2018, a variance of 20% and a corresponding…
LONDON: Domino’s Pizza Group (DPG) announced, conditional on shareholder approval, it has agreed to sell its entire shareholding in DP Norway (Domino’s Norway) to Pizza Holding AS and EYJA Fjarfestingafelag III EHF, the existing minority shareholders in Domino’s Norway. DPG…
OSLO: NRC Group, the largest rail infrastructure entrepreneur in the Nordic region, targets NOK 10 billion of revenue at 7% EBITA for 2024 through capitalizing on leading Nordic position and strong markets through profitable organic growth, utilizing Nordic capabilities to…
DUBAI: Dubai Investments Park (DIP), the integrated commercial/industrial and residential community in the Middle East, has unveiled that the master-planned complex has attracted investments in excess of AED 42 billion over two decades, signifying the emergence of Dubai Investment Park…
DUBAI: Dubai based property developer and real estate service provider, Deyaar Development announced its financial results, wherein the company reported revenues of AED 603.7 million for the year ended 31 December 2019 compared to AED 643.7 million in the same…
KARACHI: Pakistan Automotive Manufacturers Association (PAMA) published monthly automobile sales data for January 2020 wherein passenger car (PC) sales plummeted 48%YoY to 10,095 units whereas on a MoM basis, PC volumes remained flat (+1%). Seasonal factors such as buying at…
DUBAI: DAMAC Properties Dubai announced preliminary financial results for the year ended December 2019, reporting booked sales of AED 3.1 billion and unit deliveries of 4,700 units in full year 2019. DAMAC focused throughout 2019 on deliveries and execution of…
TORTOLA: Landscape Acquisition Holdings Limited has completed its acquisition of AP WIP Investments Holdings from Associated Partners for approximately US$860 million consisting of cash, shares and assumption of debt. AP Wireless is one of the largest international aggregators of rental…
LONDON: Coats Group, a leading industrial thread manufacturer, has completed the acquisition of the business and assets of Pharr High Performance Yarns, following receipt of the required regulatory approvals and other completion procedures, the transaction was completed on 10 February…