Thornburg Investment Management which oversees $43 billion in assets said to have launched Thornburg Core Plus Bond Fund to a strong line-up of proven global taxable fixed-income solutions, on Wednesday. The investment firm said the fund seeks to maximize total return, consistent with the long-term preservation of capital. Jeff Klingelhofer, Co-Head of Investments at Thornburg […]
Real estate advisor Savills, on Thursday, planned for a strategic and large-scale expansion of its regional residential team in the Middle East that will see its agency division expand to over 100 property consultants this year. The company said this initiative is in response to the growth in activity across the region, particularly within the […]
Communications accessories maker Silynxcom Ltd, on Wednesday, closed its initial public offering of 1.25 million shares at a price of $4 per share, for gross proceeds of $5 million before deducting underwriting discounts and before offering expenses. Headset manufacturer said it has provided the underwriter a 45-day option to purchase up to an additional 187,500 ordinary […]
Luxury car maker Mercedes-Benz Cars Middle East appointed insider Michael Stroband as its new Chief Executive Officer succeeding Martin Schulz, on Wednesday. The firm said Stroband will lead the expansion of Mercedes-Benz General Distributor Network in Latin America and Southeast Asia for the Commercial Van segment, as well as focus on enhancing customer experience and […]
Electronic manufacturer Vertiv expanded its footsteps to Chakan, Pune, India, on Wednesday, by opening a manufacturing facility. This is the third facility in India, joining existing manufacturing facilities in Ambernath and Pune. This unit aims to meet the rising demand for data centres and support infrastructure solutions globally, including India and the APAC region, said […]
Prosperity Bank’s parent firm Prosperity Bancshares, on Tuesday, said it is organizing a stock buyback program, where the firm will repurchase about 5% which is 4.7 million shares of its outstanding stock over one year, which will expire on January 16, 2025. The financial service provider said under this program, the repurchase will be made […]
Energy-centric digital media firm Hart Energy, on Wednesday, appointed Rich Eichler as the company’s Chief Executive Officer, where he will succeed John Hartig, the current CEO. Eichler has been working with the company for almost four decades taking up leadership roles including Advisor and Chairman. Also, he was the CEO of Hart Energy for 17 […]
Smartphone maker OnePlus partnered with Qualcomm Technologies to bring a series of cutting-edge technologies to the upcoming next-gen flagship OnePlus 12, upcoming version of the smartphone, on Tuesday. The company said by maximizing the potential of Qualcomm Technologies’ most premium mobile chips, the two companies are set to deliver an enhanced user experience that brings […]
Revenue Based Finance Coalition (RBFC) partnered with tech giant Amazon as title sponsor for its Funders Forum + Brokers Expo, a flagship event set to convene leaders and visionaries within the finance industry on Tuesday. The company said the event is soon to be held between March 5 and 7 at Seminole Hard Rock Hotel […]
Communications accessories maker Silynxcom Ltd, on Thursday, proposed the price for its initial public offering (IPO) of about 1.3 million shares for $4 per share to the public. The company said the objective of the IPO is to use the capital proceeds for marketing, business development, research and development, working capital and general corporate purposes. […]
Prairie Operating to Acquire Nickel Road Operating’s Assets Energy firm Prairie Operating Co, on Thursday, agreed to acquire the assets of Nickel Road Operating, oil and gas acquisition company in a cash deal for $94.5 million. The deal value is split into $83 million in cash and $11.5 million in deferred cash payments and it […]
Climate technology company Partanna Arabia collaborated with real estate developer ROSHN, on Thursday, with an aim to construct a carbon-negative concrete production facility in the Saudi Arabia region. The firm said,when operating at full capacity, the facility has the potential to generate 1.3 million carbon credits annually. Cement and concrete producer said the facility initially […]
Hospitality firm Banyan Tree Group, on Thursday, said it will rebrand its name to Banyan Group which encapsulates its subsidiaries to expand and venture into the international market. The firm said it is aiming to venture into new geographical locations this year including 19 new properties and residences in Cambodia, China, Japan, South Korea, Vietnam […]
Real estate developer Breakthrough Properties acquired a majority interest in Callan Ridge, a two-building Class A life science campus nearing completion in San Diego’s preeminent Torrey Pines cluster, on Wednesday. The company said the 185,000-square-foot campus is fully leased to Bristol-Myers Squibb Company’s subsidiary Turning Point Therapeutics, in a collaboration of global developer Tishman Speyer and Bellco Capital, biotechnology investment firm, who […]
Real estate dealer, Pacaso said it will expand into the Paris market, making the company enter into the French real estate landscape, on Wednesday. The company said it marks the expansion into 40 global destinations in four countries namely France, Mexico, the United Kingdom, and the United States. “Our international success, particularly in places like […]
