New York-based WP Carey concluded the closure of an amended and restated its multicurrency unsecured revolving credit facility, summing to $2.0 billion, alongside €215 million ($235.8 million) and a £270 million ($345 million) term loans. Multicurrency unsecured revolving credit facility is a type of credit that allows borrowers to draw down, repay, and redraw loans […]
Financial service provider Abu Dhabi Commercial Bank (ADCB) signed a deal, on Thursday, to sell 80% of stakes of its subsidiary, Abu Dhabi Commercial Properties (ADCP) to Nine Yards Plus Holding, a subsidiary of Ethmar International Holding PJSC (EIH). The deal is valued at $160.9 million (AED 591 million) of ADCP and the bank will […]
Real estate investment trust Brixmor Property Group, on Thursday, said Angela Aman, chief financial officer of the company will step down from her role, effective January 19, 2024. The company said Aman resigned her position as CFO in order to take over as chief executive officer at peer Kilroy Realty. Aman has been with Brixmor […]
The development finance institution OPEC Fund for International Development approved more than $600 million in new development financing to advance sustainable social and economic development, on Thursday. The OPEC Fund said the new funds will support projects in transportation, health, education, and energy sectors, while also promoting climate action, and food security, and reinforcing international […]
IT service provider Thales Digital Identity & Security collaborated with financial service provider Trust Bank Singapore on Wednesday, to launch ocean plastic, a sustainable credit and debit card made from plastic found in the ocean. The tech company said the recycled card consists of 70% ocean plastic from Parley for the Oceans, non-profit environmental organization. The […]
Insurtech firm Shory.com partnered with Al Ain Ahlia Insurance, on Wednesday, with an aim to combine Al Ain Ahlia’s insurance plan with Shory’s digital platform to provide car insurance solution to its customers. The firm said the deal was signed by Suliman Abdullah Alfallaj, co-founder of Shory and Mohd Mazhar Hamadeh, general manager of Al […]
Smart home appliance provider Haier Smart Home acquired Carrier Global’s wholly-owned subsidiary, Carrier Commercial Refrigeration in a deal valued at $640 million, on Wednesday. Haier said it will purchase 100% of the equity interests and assets in Carolin Holdings B.V. Carrier to acquire Carrier’s commercial refrigeration business. The company also said its objective through the […]
Energy company Enbridge entered into a definitive agreement to sell its 50% interest in Alliance Pipeline and 42.7% interest in Aux Sable to energy transportation and midstream service provider Pembina Pipeline for $3.1 billion, on Wednesday. Enbridge said the sale included non-recourse debt at Alliance of about $300 million, and subject to customary closing adjustments. […]
Multi-asset class exchange firm TMX Group agreed to acquire about 78% of digital distribution and analytics company VettaFi Holdings’ remaining common equity for $848 million, on Wednesday. TMX, earlier in January, acquired nearly 22% of VettaFi’s common equity for $175 million. Also, John McKenzie, chief executive of TMX Group and Rajarathinam, operating chief joined VettaFi’s […]
Financial service provider Guardian Life Insurance Company of America, on Tuesday, said its board approved a dividend allocation of $1.40 billion to its participating policyholders in 2024, while increasing its dividend interest rate (DIR) to 5.90%. The firm has shown a consistent increase in its DIR, where in 2022, it was 5.75%, and rose to […]
Innovative technology platform Arena Group Holdings with its board terminated the employment of Ross Levinsohn, chief executive of the company, effectively immediately, on Monday, resulting from the recent agreement to combine with Bridge Media Networks. The company also named Manoj Bhargava as interim chief executive, effective immediately. On December 5, Arena’s board terminated Andrew Kraft, […]
Digital bank and payments services company Discover Financial Services appointed Michael Rhodes as chief executive officer, effective on or before March 6, 2024, on Monday. He will also serve as president of Discover Bank and will be appointed to its board, effective the same date. John Owen took over as interim chief executive after Roger […]
Renewable energy company Ørsted and water supplier Salt River Project (SRP) partnered with Meta, to support the Facebook parent’s Mesa data center, with a new solar energy and battery project, on Monday. Ørsted said Meta will receive majority portion of the solar energy generated by its Eleven Mile Solar Center, a 300-MW solar farm and […]
Aviation and Aerospace firm, Boeing company appoints an insider Stephanie Pope as chief operating officer, on Monday, effective on January 1, 2024. The firm said she will be reporting to Dave Calhoun Chief Executive Officer of Boeing. The firm said Pope will oversee the performance of its three business units along with the responsibility for driving […]
Resort and luxury company Aman, on Monday, appointed Jonathan Wilson to take over as chief executive of its subsidiary cruise line Aman at Sea, who will launch one of the first luxury motor yacht developed through a joint venture between Aman and Cruise Saudi. The company said the CEO of the cruise line will lead […]
