Nadec's profits leap 156.5% in 2024 following Arabian Mills' IPO
Revenues edged up by 0.73% year-on-year (YoY) to SAR 3.22 billion in 2024 from SAR 3.19 billion, according to the financial results.
The earnings per share (EPS) grew to SAR 2.57 last year from SAR 1.77 at the end of December 2023.
As part of Arabian Mills' initial public offering (IPO), all the shareholders of Arabian Mills including Nadec offered to sell 30% of their existing shares during the IPO process.
Accordingly, Nadec gained SAR 103.19 million on sales of 30% of shares and also recognised a fair value gain of SAR 253.32 million on remaining shares.
In the first nine months (9M) of 2024, Nadec's net profits hiked by 83.39% to SAR 326.59 million from SAR 178.08 million in 9M-23.
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Results of the ixCrypto Index Series Quarterly Review (2025 Q2) & IX Digital Asset Industry Index Series Half Yearly Review (2025 1H)
HONG KONG SAR - Media OutReach Newswire - 11 July 2025 - Today, IX Asia Indexes announced the 2025 2 nd quarter review of the ixCrypto Index Series and the IX Digital Asset Industry Index Series. The constituent changes will be implemented on the effective date of 18 t h July 2025 (Friday). The results of the constituent review and exchange review are as follows: 1. Constituent Review – ixCrypto Index Series 1.1. ixCrypto Index ("IXCI") The number of constituents will increase to 21 with 3 additions and 0 deletions. Additions Hyperliquid Pi Pepe Deletions No deletion After the change, the free float adjusted market capitalization coverage is 84.28%* (excluding stablecoins, which has 7.29% of the total crypto universe), while the 90-day-average volume is 74.54%*. The constituents change above and recapping at 40% will take effect on the effective date. Since the last review, there has been a decrease in the crypto total market capitalization from USD3.14T to USD3.09T (-1.59%) #, and a decrease in the daily volume from USD122.17B to USD107.37B (-12.11%) #. Bitcoin remains the largest crypto in the constituent list, with its price increased by 31.64% since the last review. 1.2. ixCrypto Portfolio Indexes No addition Deletions No deletion 1.2.2 ixCrypto 10 Equal Weight Index ("IXEW10") and ixCrypto 10 Square Root Index ("IXSR10"). Additions Sui Hyperliquid Deletions Avalanche Stellar 1.2.3 ixCrypto Altcoin 10 EW Index ("IXAEW10") and ixCrypto Altcoin 10 SR Index ("IXASR10"). Additions Hyperliquid Deletions Stellar 1.3. ixCrypto BTC/ETH Indexes As of the cut-off date on 30 th June 2025, the ixCrypto BTC/ETH 50/50 Index ("IX5050") maintains a 50%/50% weighting for the ixBitcoin Index (IXBI) and ixEthereum Index (IXEI). The ixCrypto BTC/ETH Proportional Index ("IXPI") has a weighting of 88.23% and 11.77% for IXBI and IXEI, respectively. At the upcoming effective date, IX5050 weightings will remain unchanged at 50%/50%. IXPI weightings will be adjusted to 87.71% and 12.29% for IXBI and IXEI, respectively, reflecting the market capitalization proportions of Bitcoin and Ethereum at the cut-off date. 2. Constituent Review- IX Digital Asset Industry Index Series 2.1 ixCrypto Stablecoin Index The number of constituents will remain at 4. Stablecoin comprises 7.29% of the total crypto universe, and ixCrypto Stablecoin Index covers around 98.50% of the 90-day average market capitalization in the stablecoin universe. Additions No addition Deletions No deletion 2.2 ixCrypto Infrastructure Index The number of constituents will decrease to 20 from 23 with 2 additions and 5 deletions. Additions Hyperliquid GateToken Deletions Stacks Arbitrum Optimism Fantom Injective 3. Exchange Review As a result of exchange review, 8 exchanges passed the review process, which are as follows: Passed Exchanges Binance Bybit Coinbase Advanced OKX MEXC (NEW) Bitget (NEW) Removed Exchanges Bitrue WhiteBIT The selected 8 exchanges will be used to generate each of the fair average prices for the IX indexes' constituents. The exchange review covers volume rankings, exchange background checks, founders' background checks, USD/USDT/USDC/BTC pair coverage, overconcentration rules, exchange API coverage checks, and stability, among other aspects, for an exchange. For more details about our exchange selection criteria, please email info@ More information on the ixCrypto Indexes, including their constituents and constituents' weights, is provided in the Appendices, or refer to the website *Exclude stable coins and exchange coins that trigger conflict of interest (based on conflict-of-interest rule methodology 3.9, effective on Oct 2, 2020) #As of 30 th June 2025, based on the past 90 days average XXXX (NEW) Newly introduced exchanges as of 2025 Q2 ixCrypto Index ("IXCI") Universe All crypto coins traded in at least two different exchanges around the world Selection Criteria Cryptocurrencies ranking in the top 80% of cumulative full market capitalization ("MC") coverage and within an acceptable range in accordance with the Volume Buffer Rule in terms of 90-day average trading volume Number of Constituents 21 in Q2 2025 Launch Date 12 th December 2018 Base Date 3 rd December 2018 Base Value 1,000 Reconstitution Rule If the coverage is below 75% or any of constituents is not within an acceptable range in accordance with the Volume Buffer Rule in terms of 90-day average trading volume, IXCI will be reconstituted to bring MC coverage back and do liquidity screening. Reconstitution and Rebalancing Frequency Quarterly and with a fast entry rule Weighting Methodology Free float adjusted market capitalization weighted with a cap of 40% Currency US Dollar Dissemination Every 5 seconds for 24x7 (On Bloomberg, Reuters and major information vendors) Website Wechat 信昇亞洲指數 Appendix 2 Weightings of the Constituents of ixCrypto Index Crypto 90-day-average- Market Cap 90-day-average-Volume Cut-off Price Cumulative Market Coverage Weighting (%) After 40% Cap # 1 Bitcoin $1,958,824,850,898 $43,773,161,779 $108,385.57 63.30% 40.00% 2 Ethereum $264,630,208,306 $20,330,586,434 $2,500.96 71.85% 26.24% 3 XRP $129,093,439,083 $3,536,484,161 $2.21 76.02% 11.32% 4 Solana $77,727,473,997 $3,889,287,782 $153.35 78.53% 7.13% 5 Dogecoin $27,568,851,994 $1,414,503,515 $0.17 79.42% 2.21% 6 TRON $24,735,939,164 $640,070,448 $0.28 80.22% 2.28% 7 Cardano $23,831,031,962 $814,152,503 $0.58 80.99% 1.78% 8 Sui $10,244,970,455 $1,278,858,659 $2.90 81.32% 0.86% 9 Chainlink $9,279,422,096 $404,124,268 $13.73 81.62% 0.81% 10 Hyperliquid $8,951,075,346 $230,002,470 $39.74 81.91% 1.15% 11 Avalanche $8,611,447,780 $368,069,992 $18.74 82.19% 0.69% 12 Stellar $8,238,304,094 $197,531,742 $0.24 82.46% 0.65% 13 Bitcoin Cash $7,771,865,094 $330,241,952 $503.79 82.71% 0.87% 14 Toncoin $7,712,917,926 $187,410,580 $2.91 82.96% 0.63% 15 Shiba Inu $7,659,613,344 $220,836,176 $0.00 83.20% 0.61% 16 Hedera $7,318,869,233 $204,080,474 $0.15 83.44% 0.56% 17 Litecoin $6,600,292,835 $462,534,345 $87.99 83.65% 0.58% 18 Polkadot $6,402,181,346 $195,868,905 $3.55 83.86% 0.49% 19 Pi $4,745,528,506 $229,349,123 $0.53 84.01% 0.35% 20 Pepe $4,297,898,972 $1,026,963,274 $0.00 84.15% 0.38% 21 Uniswap $3,877,141,952 $297,010,690 $7.40 84.28% 0.41% As of 30 June 2025 # Weighting (%) after 40% Cap is adjusted according to the cut-off price, the arrangement of order may not be the same as 90-day-average-Market Cap Selection of index constituents is based on the past 90-day-average market capitalization and volume. For the calculation methodology of the index, please refer to the "ixCrypto Index Methodology Paper" on our website Appendix 3 Weightings of the Constituents of ixCrypto Portfolio Indexes Index Constituent ixCrypto 5 EW Index ixCrypto 5 SR Index ixCrypto 10 EW Index ixCrypto 10 SR Index ixCrypto Altcoin 10 EW Index ixCrypto Altcoin 10 SR Index 1 Bitcoin 20.00% 51.98% 10.00% 43.16% - - 2 Ethereum 20.00% 19.45% 10.00% 16.15% 10.00% 27.03% 3 XRP 20.00% 12.78% 10.00% 10.61% 10.00% 17.75% 4 Solana 20.00% 10.14% 10.00% 8.42% 10.00% 14.09% 5 Dogecoin 20.00% 5.65% 10.00% 4.69% 10.00% 7.84% 6 TRON - - 10.00% 4.21% 10.00% 7.04% 7 Cardano - - 10.00% 4.76% 10.00% 7.97% 8 Sui - - 10.00% 2.84% 10.00% 4.75% 9 Chainlink - - 10.00% 2.61% 10.00% 4.38% 10 Hyperliquid - - 10.00% 2.55% 10.00% 4.26% 11 Avalanche - - - - 10.00% 4.89% As of 30 June 2025 Appendix 4 Weightings of the Constituents of ixCrypto BTC/ETH 50/50 Index and ixCrypto BTC/ETH Proportional Index Crypto 90-day-average Crypto Ma rket Cap 90-day-average Crypto Volume Index Level Weight in BTC/ETH 50/50 Weight in BTC/ETH Proportional Bitcoin $1,958,824,850,898 $43,773,161,779 26259.77 50.00% 87.71% Ethereum $264,630,208,306 $20,330,586,434 21550.90 50.00% 12.29% As of 30 June 2025 Appendix 5 Weightings of the Constituents of ixCrypto Stablecoin Indexes Crypto 90-day-average- Market Cap 90-day-average- volume Cut-off Price Cumulative Market Coverage Weighting (%) After 40% Cap 1 Tether USDT $150,434,687,801 $74,954,359,584 $ 1.0003 4.86% 40.00% 2 USDC $61,142,710,723 $10,713,787,820 $ 0.9999 6.84% 40.00% 3 Ethena USDe $5,365,061,050 $10,894,372,584 $ 0.9998 7.01% 10.06% 4 Dai $5,190,458,650 $100,774,939 $ 1.0003 7.18% 9.94% As of 30 June 2025 Appendix 6 Weightings of the Constituents of ixCrypto Infrastructure Index Crypto 90-day-average- Market Cap 90-day-average-volume Cut-off Price Cumulative Market Coverage Weighting (%) After 40% Cap # 1 Ethereum $264,630,208,306 $20,330,586,434 $2,500.96 8.55% 40.00% 2 Solana $77,727,473,997 $3,889,287,782 $153.35 11.06% 23.53% 3 TRON $24,735,939,164 $640,070,448 $0.28 11.86% 7.53% 4 Cardano $23,831,031,962 $814,152,503 $0.58 12.63% 5.87% 5 Sui $10,244,970,455 $1,278,858,659 $2.90 12.96% 2.83% 6 Chainlink $9,279,422,096 $404,124,268 $13.73 13.26% 2.67% 7 Hyperliquid $8,951,075,346 $230,002,470 $39.74 13.55% 3.81% 8 Avalanche $8,611,447,780 $368,069,992 $18.74 13.83% 2.27% 9 Toncoin $7,712,917,926 $187,410,580 $2.91 14.08% 2.07% 10 Hedera $7,318,869,233 $204,080,474 $0.15 14.32% 1.86% 11 Polkadot $6,402,181,346 $195,868,905 $3.55 14.52% 1.62% 12 Aptos $3,131,713,884 $151,613,038 $4.96 14.62% 0.92% 13 NEAR Protocol $2,973,329,612 $182,318,756 $2.26 14.72% 0.80% 14 Internet Computer $2,684,391,657 $75,870,046 $5.08 14.81% 0.78% 15 Ethereum Classic $2,579,704,121 $101,042,400 $16.97 14.89% 0.74% 16 GateToken $2,419,718,826 $10,896,292 $15.75 14.97% 0.56% 17 Mantle $2,342,288,931 $210,686,737 $0.60 15.04% 0.58% 18 POL (prev. MATIC) $2,212,231,131 $121,033,232 $0.18 15.12% 0.55% 19 VeChain $2,126,095,766 $52,034,336 $0.02 15.18% 0.54% 20 Cosmos $1,724,317,079 $112,401,543 $4.21 15.24% 0.47% As of 30 June 2025 # Weighting (%) after 40% Cap is adjusted according to the cut-off price; the arrangement of order may not be the same as the 90-day-average-Market Cap Selection of index constituents is based on the past 90-day-average market capitalization and volume. For the calculation methodology of the index, please refer to the "ixCrypto Index Methodology Paper" on our website Appendix 7 ixCrypto Indexes Dissemination Real time indexes are disseminated every 5-second interval for 24x7 since 23 June 2022. The real-time indexes are available for viewing on the IX Crypto Index official webpage. For IXCI, IXBI and IXEI, the indexes are also available through Nasdaq Global Index Data Service (GIDS) with the tickers "IXCI", "IXBI" and "IXEI", with dissemination interval kept at 15-second unchanged. The vendor tickers are shown below: For further information about ixCrypto Index and other available indexes including IX Crypto spot price index series, please visit company official webpage or subscribe to LinkedIn: IX Asia Indexes For data licensing and product, please contact us at licensing@ Hashtag: #ixCrypto The issuer is solely responsible for the content of this announcement. About IX Asia Indexes and IX Asia Index Advisory Committee IX Capital International Limited is an award-winning index and investment advisory company. The index business arm- IX Asia Indexes, providing real-time digital asset and innovative indexes, disseminated 24x7 globally and built on robust infrastructure. Since the launch of the first crypto benchmark index ("IXCI") launched in Hong Kong in December 2018, the ixCrypto index series expand into 29 indexes designed for exchange futures products, mark-to-market, and fund managers' portfolio construction purposes. To ensure the professionality and impartiality of the index methodologies and operations, IX Asia Indexes has established its index advisory committee with representation from different industries, including fund management, exchanges, brokerage, financial blockchain experts, crypto service providers, etc. The committee will meet quarterly a year to discuss matters relating to the IX Asia Indexes, including to review and to comment the data sources, methodologies, and operations of IX Asia Indexes, to provide guidance to the future development of new IX Asia Indexes and to handle other issues and decisions on an as-needed basis. IX Asia Indexes was awarded the Fintech Award (wealth investment and management) 2019 and 2021 organised by ETNet. It as well won an award for Startup of the Year and Basic Technology (Big Data) from Hong Kong Fintech Impetus Awards 2022 by Metro Broadcast and KPMG. It also won Asia Pacific Enterprise Achievement Award 2024 by Echolade. IX Asia Indexes completed its IOSCO compliance statement and obtained ISO/IEC 27001:2013 UKAS certification. About IX Crypto Indexes The ixCrypto index ("IXCI") is the first crypto index launched in Hong Kong. It was launched on 12 December 2018. It is denominated in USD with a base value of 1000 and a base date on 3 December 2018. Designed to be easy to understand while providing a good representation of the crypto market, ixCrypto index aims to cover the top 80% of the cumulative free-float adjusted market capitalization in the crypto universe and, at the same time, the crypto currencies should fall within the top liquid cryptos ranked by trading volume in the 90 days preceding the review date. The index is to be reviewed quarterly and with a fast entry rule. Real time indexes are disseminated every 5-second for 24x7 since 23 June 2022. Real time index data together with ixBitcoin Index and ixEthereum Index can be obtained from IX Asia Indexes Data Services and Bloomberg terminal on IXCI . For IXCI, IXBI and IXEI, the indexes are also available through Nasdaq Global Index Data Service (GIDS) with the tickers "IXCI", "IXBI", "IXEI", with dissemination interval kept at 15-second unchanged. ixCrypto Index
Zawya
a day ago
- Zawya
From Manila to CUHK: How One Student's Journey Challenges Traditional Education Paths
HONg KONG SAR - Media OutReach Newswire - 11 July 2025 - Growing up with regular family trips to Hong Kong, Charles Henry Faustino TAN never imagined he would one day call the city his second home. Now a final-year Professional Accountancy student at The Chinese University of Hong Kong (CUHK), his story represents a shifting trend in Southeast Asian students seeking alternatives to traditional Western education destinations. Breaking from Convention Charles' path to CUHK came through serendipity. "My mother discovered CUHK during our university search," he recalls. "At the time, I knew little about its rankings or standing." What began as a last-minute application transformed into a defining choice, as Charles found himself drawn to CUHK's unique offerings - from its collegiate system to its sprawling green campus. His story reflects a growing trend among today's students who are looking beyond university rankings to seek institutions that offer a more holistic educational experience. Redefining Professional Education Charles' experience challenges common misconceptions about accountancy education. "Everyone, including me at one point, thought Professional Accountancy was just business mathematics," he reflects. "It's actually an international language and an art form." This perspective highlights the evolving nature of professional education in Asia, where traditional number-crunching roles are being transformed into strategic business positions. Beyond Classroom Walls Through the Co-op@CUHK programme, Charles gained invaluable industry exposure as a Financial Planning and Analysis Trainee at one of Hong Kong's prominent car retailers. The experience challenged him to apply classroom theories to real business scenarios - from market analysis to financial reporting. "What struck me most was seeing how our academic concepts directly influence million-dollar decisions," Charles shares. Working in a predominantly Cantonese-speaking environment, he initially worried about communication barriers. "The language barrier was definitely challenging," he acknowledges. "But it became an opportunity to develop cross-cultural communication skills essential in today's global workplace." Moreover, his technical skills and adaptability soon proved more valuable than language proficiency. "My supervisors were more interested in my analytical capabilities and fresh perspectives," he notes. The internship not only enhanced his professional skills but also gave him a realistic preview of working in Hong Kong's dynamic business sector - an experience that has shaped his career aspirations. Building Bridges Now in his final semester, Charles has taken on an unexpected role as a cultural ambassador. Noting the limited awareness of CUHK in the Philippines, he's working to bridge this information gap. "There's a misconception that studying abroad means going to the West," he explains. "Hong Kong offers a unique blend of Eastern and Western influences, plus proximity to home - it's only 2.5 hours away." Campus Life Reimagined CUHK's sprawling campus - unusual in space-conscious Hong Kong - has created unexpected opportunities for community building. "I've seen wild boars, snakes, and monkeys on campus," Charles laughs. "It's like a tiny zoo." These experiences, combined with the university's collegiate system, have fostered a distinctive living-learning environment that sets it apart from other Asian institutions. As Southeast Asian students increasingly look beyond traditional education destinations, stories like Charles' highlight the changing landscape of international higher education. His experience suggests that the future of global education might not lie in choosing between East and West, but in finding spaces where both seamlessly #CUHK The issuer is solely responsible for the content of this announcement. About CUHK Founded in 1963, The Chinese University of Hong Kong (CUHK) stands as a leading comprehensive research university, consistently ranked among Asia's top educational institutions. The Chinese University of Hong Kong
Zawya
a day ago
- Zawya
GoGoX marks 12th anniversary as co-founder Steven Lam being named World Economic Forum Young Global Leader
HONG KONG SAR - Media OutReach Newswire - 11 July 2025 - GoGoX, a leader in logistics and delivery solutions, proudly announces that its Co-founder and Chairman, Steven Lam, has been honored as a World Economic Forum Young Global Leade r (YGL). This prestigious recognition highlights Steven's exceptional leadership and commitment to driving change in the logistics industry. The Forum of Young Global Leaders is an independent foundation and leadership platform of the World Economic Forum, comprising over 1,400 leaders from more than 120 countries. Members span various sectors, including business, government, civil society, media, and the arts. Each year, thousands are nominated, but only around 100 are selected through a rigorous process. Alumni include CEOs, public officials, artists, entrepreneurs, and academics, all recognized for their achievements and potential. Young Global Leaders contribute fresh ideas and diverse expertise to global discussions, shaping the agenda on critical issues such as AI, health, geopolitics, and urban transformation. "I am honored to join the Forum of Young Global Leaders, a dynamic group redefining leadership in a changing world," said Steven Lam. "In the logistics industry, I'm committed to delivering innovative solutions that help customers overcome challenges, grow their business, and operate more efficiently and sustainably. As a Young Global Leader, I look forward to collaborating with fellow leaders to address global challenges and drive impactful change. At GoGoX, we are committed to transforming logistics through technology, ensuring that we not only meet current demands but also anticipate future needs." As GoGoX celebrates its 12th anniversary, we reflect on a remarkable journey since our founding on 12 July 2013. Over the years, we have achieved significant milestones, including our successful listing on the Hong Kong Stock Exchange, which has empowered us to expand our services and enhance our technology. We have navigated challenges such as market fluctuations and evolving customer expectations, transforming them into opportunities for innovation and growth. Our partners and industry friends have been indispensable to our success, and we extend our heartfelt gratitude for their unwavering support. A typical case involved a Hong Kong e-commerce platform that, due to the recent trade war, had to temporarily hold a batch of goods destined for the United States. Through GoGoX Business 's warehousing service, the goods were securely stored and, once the tariff suspension was announced, they were promptly delivered to the port via GoGoX Business. The cost was reduced by 20-30%, demonstrating significant savings. Looking ahead, GoGoX is dedicated to leveraging AI to revolutionize logistics. Our future roadmap includes integrating advanced AI technologies to further optimize route planning, improve delivery efficiency, and enhance customer experiences. By harnessing data analytics and machine learning, we aim to anticipate market trends and streamline operations, ensuring we remain at the forefront of the logistics sector. As we celebrate this milestone, we invite our partners and clients to join us on this exciting journey toward a more innovative and efficient future in logistics. Hashtag: #GoGoX #YGL2025 #GoGoX12Anniversary The issuer is solely responsible for the content of this announcement. About GoGoX: Founded in 2013, GoGoX is a major logistics technology company in Asia, and has since expanded its footprint across more than 370 cities with a network of more than 7 million registered drivers in six Asian regions (Singapore, Vietnam, India, South Korea, Mainland China, and Hong Kong). The company offers extensive logistics services through innovative technology, from customised logistics solutions to instant deliveries and value-added services such as fuel card and insurance. GoGoX ( is listed on the Main Board of the Hong Kong Stock Exchange. For more information, please refer to: GoGoX
