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- Aldar raises $2.45bn in sustainability-linked credit facility
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13/04/2017 05:23 AST
Kuwait's Alimtiaz Investment Group has raised $120 million from the sale of a 10 percent stake in education provider HumanSoft Holding which it plans to reinvest, Chief Executive Nawaf Marefitold Reuters. It plans to use the money to invest in sectors including education, healthcare and real estate, he said.
Citigroup and EFG Hermes acted as joint bookrunners on the deal, which cut the sharia-compliant investment company's stake in HumanSoft to 10 percent, the parties said in a joint statement. The buyers were institutional investors including regional sovereign wealth funds and other funds. HumanSoft establishes and manages private universities and colleges in Kuwait and internationally
Arab Times
13/01/2025
Aldar Properties, Abu Dhabi's biggest listed developer, has raised Dh9 billion ($2.45 billion) in a sustainability-linked revolving credit facility from a syndicate of 15 UAE-based and international
The National
12/01/2025
Ooredoo announced on Sunday the appointment of Sheikh Nasser bin Hamad al-Thani as the new chairman of Ooredoo Kuwait.
Most recently, Sheikh Nasser was appointed as Group Regional CEO for th
11/01/2025
One of the fastest-growing logistics businesses in Mena region, GWC has marked "20 years of excellence and innovation", achieved significant milestones and won prestigious awards, solidifying its pos
Gulf Times
11/01/2025
Almarai, the world's largest vertically integrated dairy company and the world's fourth most valuable dairy brand in 2024, has successfully implemented RISE with SAP on Google Cloud. This milestone m
Saudi Gazette
05/01/2025
Elm, a pioneer in digital solutions, enhanced its brand identity, reflecting the company's ambitious and prominent objective. Leveraging comprehensive knowledge, a forward-thinking mindset, and a pro
Financial Information Co.