Unicorn Supplier: Nasdaq-Listed SOPA Platform Backed by Wallet Factory Exceeded $1B Market Cap

Unicorn Supplier: Nasdaq-Listed SOPA Platform Backed by Wallet Factory Exceeded B Market Cap

NEW YORK–(BUSINESS WIRE/AETOSWire)— Society Pass Incorporated (“SoPa”) went public on the NASDAQ under the ticker “SOPA” beginning November 9, 2021. SoPa is the first Vietnam-based company to complete a traditional IPO on a stock market outside of Vietnam. The number of shares offered to the public accounts of almost 2,9 million, with the total pricing announced to be $26 million as indicated at Nasdaq.com. The share price of SoPa’s common stock was initially listed at a price of $9.00 per share. As of today, the stock has gone over the…

SunMirror AG Announces Successful Placement of a Convertible Bond in the Equivalent Value of USD 10 Million

SunMirror AG Announces Successful Placement of a Convertible Bond in the Equivalent Value of USD 10 Million

ZUG, Switzerland–(BUSINESS WIRE/AETOSWire)— Publication of insider information pursuant to Article 17 of the EU Market Abuse Regulation (MAR) SunMirror AG announces successful placement of a convertible bond in the equivalent value of USD 10 million SunMirror AG (“SunMirror”; XETRA Vienna: ROR1; ISIN CH0396131929) announces the issuance of convertible bonds in the equivalent amount of USD 10,000,000. The convertible bonds with conversion rights to acquire 133,305 bearer shares with a par value of CHF 1.00 each was fully subscribed. The conversion price is CHF 70 per bearer share. The allocation has…

Lootah Global Capital and Heritage Amanah International to advise on the IPO and dual listing of Indonesian tech company on GCC stock market

مذكرة تفاهم بين “لوتاه جلوبال كابيتال” و”هيريتيج أمانة الإندونيسية”

Collaboration to bridge the growing investment interests between the UAE and Indonesia, which was cemented through the UAE’s $10 billion commitment for Indonesia’s SWF Planned fund-raising activity in the Gulf equity markets signals a return of international business and investors’ confidence against the backdrop of the coronavirus pandemic UAE provides an attractive environment with its well-established and dynamic global financial centres with strong Islamic finance infrastructure Lootah Global Capital, a financial services company regulated by the Dubai Financial Services Authority, and Heritage Amanah International, an investment advisory company licensed by…

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…

Hyundai IONIQ 5 Redefines Electric Mobility Lifestyle

هيونداي أيونيك 5 الجديدة تشكل مستقبل التنقل الكهربائي

·      IONIQ 5 all-electric, midsize CUV debuted today in a virtual world premiere event ·      Design explores new experiences only possible with dedicated BEV platform…Evokes the daring attitude of Hyundai Pony, the company’s first production car, highlighting 45-year journey of Hyundai design and looking ahead to the future …Exterior achieves unique proportions on a 3,000-mm wheelbase emphasizing EV specific typology.…Interior raises bar of comfort and usability with flat floor and Universal Island·      Reflects commitment to sustainability by utilizing eco-friendly materials and nature-inspired colors in many touchpoints·      Delivers powerful performance and…

Can Pinterest stock become the next Facebook?

Can Pinterest stock become the next Facebook?

Dubai, United Arab Emirates, (AETOSWire): The Social media platform Pinterest was founded in 2003 and it went public in April 2019. It began its first day of trading up 25% at $23.75. The platform allows users to “pin” posts to digital “boards” on topics of interest. Pinterest (NYSE: PINS) stock has a market capitalisation of US$52 billion and the company’s price-to-book ratio stands at 23.7%. Recently, the stock climbed to fresh all-time highs after blowout Q4 financial results. Pinterest has beat expectations on the last three earnings reports. On February…

Al-Futtaim’s Trading Enterprises Calls On UAE’s Digital Developers  To Join New Volvo Cars Innovation Portal

Al-Futtaim’s Trading Enterprises Calls On UAE’s Digital Developers

Global brand portal allows developers in the UAE to help create better Volvo cars in the world  Al-Futtaim’s Trading Enterprises – Volvo has announced that Volvo Cars has launched a new innovation portal to allow developers from across the world to innovate and help create better cars for the future. Available for App developers in the UAE to share their innovations, the new Volvo Cars Innovation Portal will help the brand realise its ambition of elevating the overall customer experience through a vast offer of high-quality apps, easier and more…

Tesla led Saxo Bank’s UAE list, followed by Apple, Nio, Microsoft, and Amazon.com

شركة تيسلا تتصدر القائمة على كل من آبل ونيو ومايكروسوفت وأمازون

Saxo Bank: US tech companies top list of most popular stocks among UAE investors in record-breaking year  Tesla led Saxo Bank’s UAE list, followed by Apple, Nio, Microsoft, and Amazon.com In a rollercoaster year that surprised analysts and market participants alike, US technology companies attracted the highest trading volumes among Saxo Bank investors in the UAE and around the world in 2020. The strict lockdowns and prolonged work-from-home trend which arose from the Covid-19 pandemic suited the business models of the US tech companies, reflected by the Nasdaq-100 being up…

Raysut Cement Company Scoops awards at Oman & GCC Best Employer Brand Awards 2020

Raysut Cement Company Scoops awards at Oman & GCC Best Employer Brand Awards 2020

Muscat, Oman, (AETOSWire): Raysut Cement Company (RCC), Oman’s largest cement manufacturer, scooped seven awards at two Best Employer Brand Awards, one focused on Oman companies and the other on GCC corporate entities. RCC, the Muscat Stock Market-listed company, and an emerging global cement player, said its Group CEO, Mr. Joey Ghose won `CEO of the Year’ award at both the Oman Best Employer Awards 2020 in October and GCC Best Employer Awards 2020 in November. The awards, presented at virtual events held by the  global branding, HR and leadership body,…

Abu Dhabi Securities Exchange (ADX) Signs MOU with Sharjah Investment and Development Authority (Shurooq

Abu Dhabi, UAE- 24 November 2020, Abu Dhabi Securities Exchange (ADX) announced today that it has signed a Memorandum of Understanding (MOU) with the Sharjah Investment and Development Authority (Shurooq), with aims to aims to foster bilateral cooperation and to provide advanced, innovative services and facilities development to the business community in the UAE. During the signing the ceremony, H.E. Mohammed Ali Al Shorafa Al Hammadi, Chairman of ADX witnessed the signing of this agreement between H.E. Marwan bin Jassim Al Sarkal, Executive Chairman of Shurooq and Mr. Saeed Hamad…