Bank’s reach is tangible, its relevance is questioned, say experts at Finnovex ME 2021

Bank’s reach is tangible, its relevance is questioned, say experts at Finnovex ME 2021

DUBAI, UNITED ARAB EMIRATES: Subsidiarity of banking system and digitalization boost of banking sector is the need of the hour, say experts assembled at Finnovex Middle East 2021 in Dubai. Reach and relevance are the golden word that the industry must include in its constitution and follow for transformation of banking sector in the Middle East, one of the world’s fastest growing regions in the banking and capital markets sector. Digitalization is about leveraging technology and innovative tool to improve the efficiency and efficacy of a given process. Because of the…

Sidra Capital’s USD Private Finance Funds Continue To Achieve Target Returns despite The Effects of COVID-19 Pandemic

Sidra Capital’s USD Private Finance Funds Continue To Achieve Target Returns despite The Effects of COVID-19 Pandemic

USD Income Fund generates an annual return of 8% while USD Mutajara Fund registers healthy 5% returns Jeddah, Saudi Arabia, March 24, 2021, (AETOSWire) – Sidra Capital, a Shari’ah compliant asset management firm headquartered in Jeddah, Saudi Arabia and regulated by the Capital Market Authority (CMA), has announced healthy annual returns on two of its US Dollar-denominated funds: the USD Income Fund, which generated above-target returns of 8%, and the US Dollar Mutajara Fund, which met its targeted return of 5% for 2020. The returns are especially impressive in light…

Saudi Arabia’s asset management industry resilient, cautiously optimistic in 2021

قطاع إدارة الأصول بالمملكة يستقبل عام 2021 بمرونة وتفاؤل حذر

KPMG: Saudi Arabia’s asset management industry resilient, cautiously optimistic in 2021   KPMG, the leading provider of audit, tax and advisory services in Saudi Arabia, published its first edition of the Asset management review, analyzing the industry’s financial performance through the lens of twelve large asset management firms regulated by the Capital Market Authority (CMA). The report details the dynamic shift in investment strategies and business plans amid COVID-19 crisis and how varied investor behaviors have evolved in recent times. The asset management industry in Saudi Arabia reported favorable results…

Intertrust Group Announces New Era With Rebrand and Strategic Partnership With Non-Profit Kiva

Intertrust Group Announces New Era With Rebrand and Strategic Partnership With Non-Profit Kiva

AMSTERDAM–(BUSINESS WIRE/AETOSWire)-– Intertrust N.V. (“Intertrust” or “Company”) [Euronext: INTER], a world leader in providing specialised administration services to clients in over 30 jurisdictions, today reveals a fresh new logo and its new partnership with Kiva, an international non-profit whose mission is to expand financial access to help underserved communities improve their lives. The rebrand ushers in a new era for the company and reflects its growth and acquisitions in recent years. It also completes the full integration of Viteos following its mid-2019 acquisition. An updated look reflects the company’s ability…

AFC’s Inaugural CHF150 Million Green Bond to Finance Africa’s Sustainable Development

AFC’s Inaugural CHF150 Million Green Bond to Finance Africa’s Sustainable Development

LAGOS, Nigeria–(BUSINESS WIRE/AETOSWire –– Africa Finance Corporation (“AFC” or “the Corporation”), the leading infrastructure solutions provider in Africa, today announces the successful issuance of its inaugural CHF150 Million Reg S senior unsecured benchmark Green Bond (the “Bond”) under the Corporation’s US$5 Billion Global Medium-Term Note (“GMTN”) programme , maturing 2025 (“the CHF150 million Green Bond ” or “the bond issuance”). The issuance is also the Corporation’s third CHF-denominated bond. The Bond has a tenor of five years, carries a coupon of 1.205% and is listed on the SIX Swiss Exchange.…

Capital Markets Phenomenon of the Year Has Its Name: Covid-19

Dubai, United Arab Emirates, (AETOSWire): Global speculative capital have adapted its attention to a new phenomenon named “Covid-19“. Current data proved dramatic intraday increase of infected people, increasing lethality and coronavirus outbreak throughout the world, including Japan, Philippines, USA, India, Great Britain, Italy or Germany. Value of pharmaceutical companies is growing, regardless whether they produce antiviral drugs or protective equipment only. The current situation, which is slowly outgrowing into madness, harms only airlines, but also multinational fast food chains. Many airlines have temporarily suspended all flights from and to mainland China, and global fast…