Latest Threads
Check out what has been happening in the community
Check out what has been happening in the community
Al Salam Bank has launched the "Workspaces" portal, a platform designed for Single Person Companies, family offices, and Micro, Small, and Medium-sized Enterprises (MSMEs) to manage their financial activities efficiently. This integrated platform allows users to access company accounts, financing options, and manage payments through a single login, with features like an Admin User profile for self-service capabilities, eliminating the need to visit the bank. It supports multiple Commercial Registration accounts and offers functionalities such as payments, salary transfers, and international transactions. The portal aims to enhance operational efficiency and support Bahrain's economic development by providing tailored digital services for MSMEs.
GFH Financial Group B.S.C. announced that it has entered into definitive agreements with the Saudi Education Fund, managed by EFG Hermes, for the acquisition of Britus Education. Britus Education is a leading K-12 education platform operating international schools in the GCC and MENA regions, with a market value exceeding USD 200 million. The portfolio consists of four schools in Saudi Arabia, two in the UAE, and one in Bahrain, with a total capacity of about 12,000 students and nearly 8,000 currently enrolled. This investment is expected to have a positive impact on GFH's financials and increase the group's returns. The announcement was made by Mariam Jowhary, Head of Compliance & AML.
Americana Restaurants International PLC announced the completion of its share buyback program, acquiring 25 million shares under its Long-Term Incentive Plan (LTIP) on the Abu Dhabi Securities Exchange (ADX) at a weighted average price of AED 2.460 per share. The buyback received approval from the company's AGM on April 24, 2024, and from ADX on May 9, 2024.
Abu Dhabi Ship Building PJSC has announced that its Board of Directors will hold their third meeting of 2024 on Thursday, November 21st, at 10 a.m. at the company headquarters. The agenda for the meeting includes the approval of the previous meeting's minutes, the approval of the company budget for 2025-2029, the establishment of a new Investor Relations Committee, and updates on projects and company operations.