Latest Threads on News from companies

Investcorp Capital has secured a $800m refinancing through a revolving credit facility from an international consortium of banks. This facility will enable the company to repay an existing $600m facility to Investcorp Group. The new facility was arranged by five banks and exceeded its $600m target due to strong interest from regional and international banks, allowing Investcorp Capital to secure an additional $200m. The funds will be used to expand the Capital Financing Services line of Investcorp Capital's business. The company's first half 2024 earnings showed a 47% increase in revenues year-on-year from its Capital Financing Services business. The successful refinancing indicates a strong belief in Investcorp Capital's business and strategy.

The 2023 Sustainability Report from Emirates Insurance Company provides an overview of the company's environmental, social, and governance (ESG) initiatives and achievements. The report details the company's commitment to sustainability and its efforts to integrate sustainable practices into its operations.

SHUAA Capital p.s.c., a financial investment company licensed by the U.A.E. Securities and Commodities Authority, has its head office in Dubai. The company has announced that its Board of Directors will make resolutions by circulation on March 13, 2024. The resolutions will address the launch of a consent solicitation related to amending the terms and conditions of the bonds, issued by a SHUAA affiliated special purpose vehicle, worth 150 million US dollars due on March 31st, 2024. Other business-related matters of the company will also be discussed. The information was conveyed by Bachir Nawar, the Chief Legal and Compliance Officer of the company.