
Al Ansari Financial Services Launches Business Solutions Centre in India to Accelerate Innovation - Middle East Business News and Information
The establishment of the state-of-the-art centre marks a significant milestone in the Group's commitment to innovation and operational excellence. By leveraging India's rich pool of talent and technological expertise, this office will play a pivotal role in accelerating the Group's digital transformation journey.
'We are proud to inaugurate our new offices in India,' said Mohammad Bitar, Deputy Group CEO of Al Ansari Financial Services. 'This expansion reflects our commitment to leveraging cutting-edge technology and innovative practices to provide exceptional services to our customers. We are reshaping our operations to promote leaner corporate structures and enhance the effectiveness of shared services and global business service units.'
'We are committed to fostering a culture of growth and opportunity for our employees,' added Bitar. 'The expansion of our operations in India will not only enable us to deliver greater value to our customers and shareholders but also create exciting career prospects for our talented workforce.'
The India office will focus on streamlining operations, optimising processes and developing cutting-edge solutions tailored to meet the evolving needs of the financial industry. By centralising specific functions, the Group aims to foster collaboration, innovation and knowledge sharing across its expanding network.
A Platform for Future Growth:
In the first phase of the Group's project, an IT Excellence Centre has been established to drive innovation and improve technological capabilities. Looking ahead, the centre is poised to expand its offerings to include business process outsourcing (BPO) services, further optimising Al Ansari Financial Services' operations and allowing us to allocate more resources to core business initiatives and strategic growth.
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Mid East Info
24-06-2025
- Mid East Info
Al Mal Capital REIT Announces Follow-on Public Offering and 3.75% dividend for H1 2025 - Middle East Business News and Information
Dubai, UAE: Al Mal Capital REIT AMC REIT the first REIT listed on the Dubai Financial Market (DFM), regulated by the Securities and Commodities Authority (SCA), and managed by Al Mal Capital PSC, a subsidiary of Dubai Investments PJSC, is inviting existing unitholders, as well as UAE and GCC individual and institutional investors, to subscribe to new units in its closed ended Real Estate Investment Trust (REIT) through a follow-on public offering (FPO). The FPO, approved by the SCA, will issue up to 220,000,000 new units at a price of AED 1.1, increasing the issued capital of the Fund from AED513,889,872 up to AED 733,889,872. The raise will be used to expand the REIT's portfolio of income generating real estate assets carefully selected from secure growth sectors, including healthcare, education and mission-critical industrial assets. The subscription period will run from 7 July to 25 July 2025, with trading of the new units expected to commence on the Dubai Financial Market (DFM) around 8 August 2025, subject to regulatory and market approvals. Al Mal Capital REIT has a proven and stable track record having delivered a 7% return since 2023. It continues to target ongoing returns of c.+7%i for investors. In line with this performance, the REIT is also announcing a cash dividend of AED 0.0375 per unit for the interim period ending 30 June 2025, representing an annualized yield of 7.5%. To receive this dividend, investors must purchase units no later than 24 June 2025, as only unitholders on record as of 26 June 2025 will be eligible. Commenting on the FPO Naser Al Nabulsi, Vice Chairman and CEO at Al Mal Capital said: 'There is a growing investor appetite for Regional REITs as shown by recent offerings on the DFM that saw record-breaking retail participation, especially in the UAE. We are therefore pleased that we can offer more investors a chance to access Al Mal Capital REIT, the first REIT listed on the DFM, which continues to deliver strong and consistent dividends. Our focus on resilient real estate sectors which offer sustainable and recurring income based on secure cashflow and long-term demand, will be very attractive for both institutional and retail buyers.' Al Mal Capital REIT is managed by an experienced and respected investment team with a strong track record in managing income-generating commercial real estate assets. AMC REIT benefits from a robust SCA regulated REIT framework, and oversight from an experienced committee, which qualifies opportunities, oversees and ensures the fund's compliance with regulatory standards. The FPO is open to UAE and GCC retail and institutional investors. A priority allocation will be available to subscribers who already hold units in AMC REIT, and whose names appear in the register of unitholders as of 26th June 2025 (the 'Record Date'). These investors will be allocated units equal to approximately +39% of their current holdings, ensuring their ownership remains undiluted following the capital increase. A secondary allocation of unsubscribed units, after completion of the priority allocation, will have a Minimum Guaranteed Allocation (MGA) of up to 2,000 units per eligible new subscriber, subject to request and availability. Al Mal Capital REIT is a closed ended real estate investment trust (REIT) that is currently invested in a diversified portfolio of income generating real estate assets in the UAE, based on secure long-term lease agreements with a strong credit profile. The Fund gives UAE and GCC investors access to an asset class with long-term fundamentals, based on a strategy focused on investing in strong-performing UAE sectors, including healthcare, education and industrial assets. General Information on the Fund and the Offering • Fund Name: Al Mal Capital REIT • Fund Address: Office 901, 48 Burj Gate, Sheikh Zayed Road, Dubai, United Arab Emirates • Regulatory Authority: Securities and Commodities Authority (SCA) – United Arab Emirates Fund Overview: Al Mal Capital REIT is a public real estate investment fund with closed-ended capital. The Fund is licensed by the SCA and is governed by Federal Law No. (4) of 2000 regarding the Emirates Securities and Commodities Authority and Market. The Fund is also subject to the Chairman of the SCA's Decision No. (1/R.M) of 2023 concerning the regulation of investment funds (the 'Investment Funds Regulation') and the administrative decision No. (8/R.T) of 2023 approving the annexes associated with the Investment Funds Regulation, along with all other relevant laws, regulations, and resolutions applicable in the UAE. The primary objective of the Fund is to invest in a portfolio of income-generating real estate assets. The Fund's investments are primarily focused within the United Arab Emirates, with the option to invest in other GCC countries or internationally. However, the Fund's real estate assets located outside the UAE—whether in the GCC or elsewhere—must not exceed 25% of the Fund's total assets. The Fund is managed by the Fund Manager and does not have its own independent board of directors or employees. All investments of the Fund are subject to prior approval by the Investment and Oversight Committee, which is appointed by the Fund Manager and consists of at least five experts. Current Fund Capital (Nominal Value): AED 513,889,872 Fund Net Asset Value (NAV) as of 31 May 2025: AED 577,048,612 NAV per Unit as of 31 May 2025: AED 1.1229 Subscription Cost per Unit: AED 1.125, consisting of: • Issue Price per unit: AED 1.000 nominal • Issue Premium per unit: AED 0.100 • Issue Fee: AED 0.025 (incl. VAT) Current Number of Units: 513,889,872 Number of New Units: 200,000,000 (target) or up to 220,000,000 (if Green Shoe Option is exercised) Listing Venue: Dubai Financial Market (DFM) FPO Key Dates: • Announcement Date: 23 June 2025 • Subscription Period: 7 July – 25 July 2025 • Expected Trading of New Units: 8 August 2025


Daily News Egypt
24-06-2025
- Daily News Egypt
Raya Holding rises in Forbes 2025 ranking of Egypt's top 50 public companies
Raya Holding for Financial Investments has advanced eight places in the 2025 edition of Forbes Middle East's 'Top 50 Public Companies in Egypt,' marking its fourth consecutive year on the prestigious list. The company's notable climb reflects its record-breaking financial performance, bold regional expansion, and growing reputation as one of Egypt's most dynamic and diversified investment groups. This recognition crowns a milestone year for Raya, which delivered its strongest financial results to date. With a robust, sector-spanning business model and a clear strategic direction, Raya continues to solidify its role as a leading force in Egypt's investment landscape and a rising regional player. A Diversified Growth Engine Anchored in Resilience Raya Holding operates through 11 portfolio companies, covering key sectors such as IT, fintech, logistics, retail and distribution, manufacturing, and hospitality. This diversified structure has proven resilient in the face of shifting market conditions, enabling the Group to sustain value creation across both the Egyptian and regional economies. As the Group has expanded its reach, it has gained recognition for its agile, future-focused strategies, operational excellence, and long-term commitment to sustainable growth. Raya continues to pursue new market opportunities while staying firmly grounded in its core values of integrity, innovation, and disciplined investment. 2024: A Year of Unprecedented Financial Success Raya Holding concluded 2024 with a landmark financial performance. Consolidated revenues rose by 44.2% year-on-year, reaching EGP 45.1bn, propelled by the strong results of multiple business lines. Gross profit climbed by 48% to EGP 9.4bn, yielding a margin of 21%, while EBITDA surged by 52% to EGP 4.86bn, with improved margins of 10.8%. Net income after minority interest soared by 283% to EGP 1.69bn, with a net margin of 3.7%. The fourth quarter was particularly outstanding, with the Group recording its highest-ever quarterly revenues of EGP 12.8bn, a 48.7% increase year-on-year. Net profit for the quarter reached EGP 578m, marking a staggering 1,095% increase over the same period in 2023. 2025 Q1: Sustaining Momentum into the New Year Building on its exceptional performance in 2024, Raya Holding entered 2025 with continued strength. In the first quarter, the Group reported consolidated net profits of EGP 370m. This strong opening underscores Raya's operational discipline and adaptability, even amid a challenging global and regional economic environment. Strategic Partnerships Fuel Regional Expansion A major highlight in early 2025 was Raya's entry into a strategic partnership through Aman Holding, its fintech subsidiary, with Saudi Arabia's leading retail groups Jarir Bookstore and Al-Manea. The partnership aims to establish a consumer finance company in Saudi Arabia with capital of SAR 100m. This move represents a significant step in Raya's regional expansion strategy and demonstrates its ambition to unlock new growth markets in the GCC. Empowering People, Driving Performance At the heart of Raya's success is its global workforce of nearly 20,000 employees. For the third consecutive year, the Group was certified as a Top Employer in Egypt (2023–2025) by the Top Employers Institute. This recognition reflects Raya's ongoing investment in employee engagement, career development, and workplace culture. The Group's commitment to human capital complements its strategic focus on revenue growth across core sectors, sustainable profitability through operational efficiency, and market leadership both domestically and regionally. Raya's approach to talent development—including continuous training and leadership advancement—has become a central pillar of its performance-driven culture. Looking Ahead: A Vision Guided by Purpose The year 2024 also marked Raya Holding's 25th anniversary—a milestone that highlights a legacy shaped by innovation, entrepreneurship, and long-term impact. As the company looks toward the future, it remains committed to expanding its regional footprint, accelerating digital transformation, embedding ESG principles, and delivering sustained value to shareholders. By combining the entrepreneurial agility of its subsidiaries with a centralised strategic framework, Raya Holding continues to stand out as one of Egypt's most adaptive, ambitious, and forward-looking investment companies.


Mid East Info
24-06-2025
- Mid East Info
IFFCO Group Releases Third ESG Report, Accelerates Progress Toward 2030 Sustainability Goals - Middle East Business News and Information
30% of UAE fleet now operates on biofuels (B7), supporting transport decarbonization and Net Zero 2050 targets Water intensity reduced by 8% across 23 facilities, highlighting the integration of conservation into daily manufacturing On-site renewable energy generation more than doubled, reaching 5,140 MWh Transportation-related carbon footprint reduced to 7%, down from 11% in 2021 Palm oil traceability to plantation reached 93.6%, a 9.6 percentage point year-on-year increase, underscoring supply chain transparency and alignment with NDPE standards DUBAI, UAE, June 2025: IFFCO Group, the leading FMCG multinational company headquartered in the UAE, released its third annual Environmental, Social and Governance (ESG) Report, marking a significant year of progress across operations, sourcing and packaging. The 2024 report reflects IFFCO Group's transition from planning to delivery, backed by the launch of its Sustainability Strategy 2030. The strategy introduces 9 ESG programmes aligned with best global frameworks, including Climate targets in line with the Science Based Targets Initiative (SBTi) standards. Each programme is supported by three and six-year roadmaps, KPI's, and financial commitments, to ensure delivery and clear accountability across business functions. Key highlights from the 2024 ESG Report include: IFFCO more than doubled on-site renewable energy generation in 2024, reaching 5,140 MWh, enough to power approximately 480 UAE homes for a full year. The Group also achieved an 8% reduction in water intensity, reinforcing its focus on operational sustainability. IFFCO deepened its internal ESG integration by embedding sustainability-linked KPIs into the performance metrics of over 900 employees, a 13% increase from the previous year, reaffirming a Group-wide culture of ownership and accountability. IFFCO Group launched its Consumer Packaging Roadmap 2030, targeting reductions in virgin plastic use, launching packaging with recycled PET, and further adoption of renewable and recyclable packaging solutions across its product portfolio. Transportation-related carbon footprint fell to 7% share in total carbon footprint, down from 11% in 2021. This was achieved through logistics optimization and the conversion of 30% of the UAE fleet to biofuels B7, aligning with the UAE's Net Zero 2050 targets. Palm oil traceability to the plantation level reached 93.6%, a 9.6 percentage point increase from 2023, highlighting the Group's commitment to ethical sourcing and compliance with NDPE (No Deforestation, No Peat, No Exploitation) standards. Speaking on the significance of these milestones, Rizwan Ahmed, Executive Director at IFFCO Group, noted: 'At IFFCO Group, sustainability is a powerful driver of innovation, growth, and long-term value. It is not a side agenda; it is the foundation upon which we are building the future of responsible food manufacturing. The release of our 2024 ESG Report marks a decisive shift from ambition to action, guided by our Sustainability Strategy 2030. This strategy is more than a roadmap; it is a commitment to performance, accountability, and transformation. By embedding ESG principles across our operations, investing in renewable energy, and reimagining packaging and sourcing, we are shaping a future-ready organisation that aligns with the UAE's Net Zero vision and global climate goals.' Our progress is a testament to our conviction that long-term value is created by acting with purpose, delivering operational excellence while doing what's right for people, the planet, and future generations.' IFFCO's latest milestones reflect the Group's view of sustainability as a lever for long-term growth, efficiency, and trust. By transforming how it manufactures, sources, and delivers its products, IFFCO is positioning itself as a future-ready FMCG leader, embedding ESG strategies to drive innovation and value. 'In 2024, we translated bold ambition into tangible action,' said Dina Epifanova, Group Head of Sustainability. 'This was a year of purposeful effort, advancing smarter sourcing, strengthening traceability, and embedding sustainability across every layer of our operations. We are building a resilient foundation for long-term impact, one that creates shared value for our business, empowers our partners, and uplifts the communities we serve.' The Group remains an active participant in the broader sustainability ecosystem, working collaboratively with partners and stakeholders to shape the future of responsible food manufacturing. About IFFCO Group: Established in 1975, IFFCO is a leading multinational FMCG group headquartered in the UAE. Its leading FMCG brands, including London Dairy, Tiffany, Noor, Rahma, Al Baker, Hayat and Savannah, and a portfolio of industry solutions and services enrich the lives of millions of consumers and customers globally. The company has 95 operations in 50 Countries, supported by around 15,000 employees, and its 80+ brands are available in over 100 countries.