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Private equity firm Gulf Capital said on Monday, the company completed its exit from investment in iSON Xperiences, tech-enabled emerging markets partner, also offers Business Process Outsourcing (BPO) services across India and Africa. Gulf Capital and another equity firm AfricInvest had invested around $50 million in iSON to accelerate the company’s growth. The company said […]
MoneyHero Ltd, formerly known as Hyphen Group completed its merger with special purpose acquisition firm Bridgetown Holdings Ltd on Thursday in a deal valued at $283 million. Bridgetown Holding is the result of a collaboration of between Pacific Century Group and Thiel Capital LLC. Bridgetown shareholders approved the merger with MoneyHero, on Tuesday. MoneyHero said […]
Singapore-based Primech Holdings Ltd said it set the initial public offering of 3 million shares at $4 per share, on Monday, which are approved for listing on the US-based Nasdaq Capital Market under the ticker symbol ‘PMEC’. The company initially registered to go public by filing Form F-1 with U.S. Securities and Exchange Commission (SEC), […]
Saudi Arabia-based SAL Logistics Pvt Ltd said it set the price of initial public offering (IPO) at SAR 106 ($28.26) per share, implying a market capitalization of SAR 8,480 million at listing, on Friday. The company said along with its financial advisor HSBC Holdings Plc offered its price range in September. The process of IPO […]
Canadian fintech company Nuvei Corp said it has established a new operational office in China with a vision to expand its presence in Asia-Pacific (APAC) region, on Monday. The company said it has a pre-established cross border clients as well as provide services and partnered with Chinese businesses like Geekbuying, an e-commerce platform, and Vakatrip, […]
Finance firm England and Co said it has extended its corporate advisory business in Asia-Pacific region by establishing an office in Singapore. Patrick O’Shea, managing director of New York office will head the company’s newly established Singapore space. The independent investment bank specializes in offering global financial guidance. The newly designated Patrick O’Shea, previously was a […]
Muscat based-Islamic bank, Bank Nizwa, on Monday, said its participation as a collective bank for the OQ Gas Networks (OQGN) initial public offering (IPO). The aim is to collaborate with prominent entity and to make subscription to the IPO accessible to audience. This collaboration enables the bank, customers to subscribe shares in the OQGN IPO […]
AI-based fintech platform, AIZEN Global, on Thursday, said the company has entered the Indonesian electric vehicle (EV) market with the launch of an AI banking service called ‘EV-CreditConnect’ tailored for EV enthusiasts. Electric Mobility Ecosystem Association (AEML) and AC Ventures’ research revealed that Indonesia’s electric vehicle market is expected to see a growth, attaining $20 […]
ARK Invest LLC, owner of ARK Investment Management acquired Rize ETF Ltd, Europe’s ETF (exchange-traded fund) issuer, initiated by ARK’s chief executive Cathie Wood on late Tuesday. ARK Invest said the deal aims to introduce its suite of cutting-edge innovation ETFs, under the UCITS framework, also known as undertakings for collective investment in transferable securities, […]
Dubai International Financial Centre issued a report on Wednesday, titled ‘Drivers of Innovation in Financial Services’, on a collaboration with a London Stock Exchange Group and Refinitiv to reveal a five-year outlook for innovation in the financial services industry. The Dubai-based DIFC is a financial centre prevailing in Middle East, African and South Asia (MEASA). […]
Privately held finance company Behrain FinTech Bay (BFB), on Monday, said it will collaborate with Family Office, a wealth management firm in Gulf Cooperation Council (GCC) to revolutionise wealth management in the region. The company said this partnership will enable BFB to leverage its strong expertise in digital innovation to collaborate closely with Family Office to […]
Emirati state-owned Mubadala Investment Co said it has partnered with an alternative asset managing firm Blue Owl Capital on Monday. This partnership is under the terms of a $1 billion commitment made to Blue Owl’s credit platforms. This will initially focus on Blue Owl’s technology lending strategy, which provides financing solutions for a broad range […]
