Envision Energy, Public Investment Fund (PIF) and Vision Industries Join Forces to Create a New Venture in Renewable Energy

 RIYADH, SAUDI ARABIA – EQS Newswire – 17 July 2024 – Envision Energy, recognized as the “Green Giant” among the “2024 TIME100 Most Influential Companies”, has unveiled a strategic joint venture (JV) with Saudi Arabia’s Public Investment Fund (PIF) and Vision Industries. This venture aims to accelerate the wind power growth throughout the Middle East, committing to driving the region’s journey towards a cleaner, more sustainable future.

The JV will focus on manufacturing and assembling the wind turbines and components, including blades, nacelles and hubs. Under the agreement, Envision Energy holds the majority share in the JV, while PIF and Vision Industries hold the remainder. The collaboration will support Saudi Arabia’s goal of localizing 75% of renewable energy components by 2030, in line with the Saudi Ministry of Energy’s National Renewable Energy Program.

PIF is the sovereign wealth fund of Saudi Arabia and one of the world’s most impactful investor. It embraces the Kingdom’s energy transformation mission by developing upcoming renewable energy initiatives, including wind power, photovoltaics, hydrogen, energy storage, etc. Vision Industries is a leading investor and developer of green energy industrial projects and local supply chains. Globally, PIF chose Envision as its JV partner due to Envision’s leading position in green power, encompassing smart wind power, energy storage systems, and green hydrogen solutions that address the challenges of climate change. The company has topped the wind power order intake for two consecutive years, making it a key player in the worldwide energy transition.

Envision’s JV with both parties brings together PIF’s robust investment capabilities and Envision Energy’s cutting-edge wind power technology, highlighting the profound international cooperation and shared vision for transitioning to clean energy. This partnership marks a significant step toward Saudi Arabia’s Vision 2030 objectives and advances global efforts in the clean energy transition and sustainable future.

The ceremony was attended by H.E. Yasir Othman Al-Rumayyan, the Governor of PIF, Lei Zhang, Chairman of Envision, and board members of Vision Industries, among others.

Download image: https://apo-opa.co/3xXBSrW

Andan Foundation Announces Award for Innovation in Refugee Inclusion in Collaboration with the Massachusetts Institute of Technology’s MIT Solve

ZURICH, Switzerland, July 16, 2024 (GLOBE NEWSWIRE) — The Swiss-based humanitarian non-profit organisation, Andan Foundation, in collaboration with MIT Solve of the Massachusetts Institute of Technology (MIT), is delighted to announce this year’s Andan Prize for Innovation in Refugee Inclusion, which seeks to promote solutions that advance the economic, financial, and political inclusion of refugees within their hosting communities.

The USD 50,000 Andan Prize for Innovation in Refugee Inclusion is awarded every year to the most promising solutions that address the needs and challenges of refugees and is aimed at supporting innovative approaches that foster integration, empowerment, and sustainable development for displaced populations.

MIT Solve launches open calls for exceptional and diverse solutions to the most pressing global challenges, from anyone, anywhere in the world. Selected innovators get the backing of MIT and their community of supporters to scale impact and drive lasting change.

Joint initiatives to foster innovation solutions

The Andan Foundation is looking for solutions that focus on:

  • Economic Inclusion and Livelihoods: Developing technologies and business models that create sustainable economic opportunities for refugees and displaced populations.
  • Financial Inclusion: Seeking solutions to expand affordable financial services for underserved communities and enhance economic growth.
  • Political Inclusion: Seeking solutions to empower marginalized communities by addressing voter suppression and lack of representation.

Prize winners will be announced at the Solve Challenge Finals on 23 September 2024 during the UN General Assembly Week in New York City.

Notes to Editors

About The Andan Foundation

The Andan Foundation is a non-profit humanitarian organization based in Switzerland founded by Dr. Christian Kaelin. It is regulated by the Swiss Federal Authority for the Supervision of Foundations and audited annually by BDO.

Andan leads private sector initiatives to support families fleeing their homes due to war, internal conflict, and climate change. It identifies and develops innovative, sustainable solutions promoting refugees’ self-reliance, boosting their resilience, and fostering their inclusion in their new countries. Andan prioritizes projects that expand economic, financial, and political opportunities for both refugee populations and the communities that welcome them. Andan facilitates and propels partnerships between the private sector and UN agencies, governments, NGOs, and academic institutions concerned with refugees and migrants.

Andan.org

About MIT Solve

MIT Solve is an initiative by the Massachusetts Institute of Technology (MIT) designed to address global challenges through innovation and entrepreneurship. Launched in 2015, MIT Solve runs annual challenges that attract diverse, tech-driven solutions from around the world. The initiative focuses on pressing issues such as sustainability, education, health, and economic prosperity. Through its inclusive approach, MIT Solve empowers social entrepreneurs with funding, mentorship, and connections to influential partners. This distinctive model nurtures scalable solutions, enabling transformative ideas to generate tangible impacts for underserved communities globally.

solve.mit.edu

Media Contact

For further information, please contact:

Bushra Zaidan

bushra.zaidan@andan.org

GlobeNewswire Distribution ID 1000971795

Tealium signs Strategic Collaboration Agreement with AWS to accelerate AI-driven growth for customers

The strategic collaboration agreement will expand privacy-centric customer data innovation for customers worldwide

San Diego, July 16, 2024 (GLOBE NEWSWIRE) — Tealium, the largest independent and most trusted customer data platform (CDP), has inked a global multi-year Strategic Collaboration Agreement (SCA) with Amazon Web Services (AWS), with plans to accelerate customer data and artificial intelligence (AI) innovation and growth for customers, especially within its unique vertical offerings with highly-regulated industries.

Under this SCA, Tealium will accelerate its customer data solutions worldwide by leveraging AWS’ secure and scalable cloud infrastructure. The expansion provides enterprises with seamless access to Tealium’s real-time CDP, while optimizing AI-driven data collection, management, and activation solutions in adherence to local data privacy regulations.

“This collaboration highlights our commitment to innovation and customer success. By leveraging Tealium’s real-time CDP with AWS’ robust cloud infrastructure, we are enabling businesses to fuel next-generation AI solutions with clean, enriched, and consented data,” said Jeff Lunsford, CEO of Tealium. “This SCA will allow enterprises across the globe to leverage the many benefits of two market-leading organizations and take their customer data strategies to the next level.”

Tealium’s dynamic customer data solutions empower enterprises to enhance their customer experience, personalization, and engagement initiatives. Tealium’s vendor-neutrality also allows enterprises to embrace stack composability to power any integration and platform running on AWS.

This SCA is also part of Tealium’s broader commitment to expanded partnerships, as announced at its 2024 Digital Velocity conference. The company also recently announced new integration capabilities with Amazon Ads, Snowflake, and The Trade Desk, among others.

Learn more about the company’s Partner Network, including why Tealium and AWS are Better Together.

To keep up with the latest company news, visit Tealium’s Newsroom.

About Tealium
As the most trusted CDP, Tealium connects data so businesses can better connect with their customers. Tealium’s real-time data infrastructure allows brands to power their AI models and activate data for enhanced in-the-moment experiences. Tealium’s turnkey integration ecosystem supports more than 1,300 built-in connections from the world’s most prominent technology experts. Tealium’s solutions include a real-time customer data platform with machine learning, tag management, an API hub, and data management solutions that make customer data more valuable, actionable, privacy-compliant, and secure. Named as a Leader in the Gartner® Magic Quadrant for Customer Data Platforms™, more than 850 leading businesses globally trust Tealium to power their customer data strategies. For more information, visit www.tealium.com.

Natalie Passarelli
Tealium Inc. 
3129650210
natalie.passarelli@tealium.com

GlobeNewswire Distribution ID 9178260

MGA Entertainment and Zapf Creation AG Complete Merger Forming MGA Zapf Creation GmbH

LOS ANGELES, July 16, 2024 (GLOBE NEWSWIRE) — MGA Entertainment and Zapf Creation AG Complete Merger Forming MGA Zapf Creation GmbH

LOS ANGELES; 16 July 2024 – MGA Entertainment, Inc. (MGA), one of the largest privately held toy and entertainment companies in the world, today announced that the merger with Zapf Creation AG (Zapf), Europe’s leading manufacturer of nurturing dolls, first announced in October 2023 has been completed, creating the new wholly-owned subsidiary MGA Zapf Creation GmbH.

“After more than 20 years working closely as two separate companies, Zapf Creation has joined the MGA family and we welcome them as a part of MGA,” said Isaac Larian, Founder and CEO, MGA Entertainment, Inc. “We look forward to growing both businesses and bringing smiles to children throughout Europe, the U.S., and the rest of the world as one company.”

The companies will work toward consolidating the businesses, taking advantage of opportunities like unifying our approach with retail partners globally. No significant organizational or operational changes are expected now or in the near future in Germany post-merger. To that extent, Thomas Eichhorn will remain President, MGA Zapf Creation GmbH.

About MGA Entertainment, Inc.
MGA Entertainmentis one of the largest privately held toy and entertainment companies in the world, known for its commitment to creativity, quality, and innovation. Headquartered in Los Angeles with offices globally, the company creates innovative, proprietary, and licensed consumer products and entertainment properties, including toys, games, dolls, apparel, consumer electronics, home décor, stationery, sporting goods, movies, and television series. The MGA family includes award-winning brands such as L.O.L. Surprise!™Little Tikes®Rainbow High™Bratz®MGA’s Miniverse™Yummiland™CarTuned™GrossMos!™Pixel Petz™Micro Games of America,  Fluffie Stuffiez™BABY born®, and Zapf Creation®. For more information, please visit us at www.mgae.com or check us out at LinkedIn,TikTok, Instagram and Facebook.

Alan Hilowitz
MGA Entertainment, Inc. / MGA Zapf Creation GmbH
+1.818.221.4431
news@mgae.com

GlobeNewswire Distribution ID 9178286

Successful Completion of $100m Tap Issue

Ittihad Successfully Completes $100 Million Tap Issue of Initial $350 Million Sukuk:

ABU DHABI, United Arab Emirates, July 15, 2024 (GLOBE NEWSWIRE) — Ittihad is pleased to announce the successful completion of a $100 million tap issue of its $350 million sukuk, originally issued in November 2023. The sukuk, which carries a coupon interest rate of 9.75%, will mature in November 2028.

The tap issuance was placed at an issue price of 102.1, resulting in a yield of 9.0%. This yield reflects an improvement over the original terms.

The proceeds from this new issue will be utilized to refinance existing debt, thereby extending the company’s debt maturity profile and enhancing its financial flexibility.

The tap issue garnered strong interest from international investors, who accounted for 70% of the new issue (34.5% from the US Offshore accounts, 22% from the UK and 13.5% from Europe), with the remaining 30% from regional asset managers. This significant international participation underscores the growing confidence in Ittihad’s strong financial profile and enhances the diversification of its investor base, serving the company’s long-term strategic goals. The demand from investors is a testament to Ittihad’s enduring success story and its ability to attract and retain the confidence of regional and international investors. The company remains committed to its strategic objectives and will continue to pursue initiatives that strengthen its financial position and drive sustainable growth.

J.P. Morgan acted as sole lead manager and bookrunner on this transaction.

For further information, please contact:

Wasfi Al Tayara
Corporate Finance and Investor Relations Manager
+971 2 6581888
investor.relations@ittihadinvestment.ae

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN OR INTO THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”)) OR ANY OTHER JURISDICTION WHERE IT WOULD BE UNLAWFUL TO DO SO.

About Ittihad
Ittihad is a privately owned business founded in 2008 and headquartered in the United Arab Emirates (UAE), with investments in the UAE, Saudi Arabia, and Egypt. The Company exports products and services to over 50 countries worldwide. It has a talented team of more than 8,000 members from over 57 nationalities with sector-wide expertise and a commitment to operational excellence.

Since 2015, Ittihad has pursued a strategy of investing in businesses with leading domestic positions in the UAE and the Gulf Cooperation Council (GCC), as well as strong international export potential. The Company focuses on long-term investments, all structured for business-to-business (B2B) export and designed to capture the unique value proposition offered by the UAE and the region.

Ittihad is committed to powering wealth creation through assets that balance profitability with sustainability and generate positive outcomes for stakeholders, society, and the planet.

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

GlobeNewswire Distribution ID 9177963

LS Retail and FreedomPay partner to deliver unified payments worldwide

Philadelphia, Pennsylvania, July 15, 2024 (GLOBE NEWSWIRE) — LS Retail, an Aptos Company has partnered with FreedomPay, the world’s largest independent payment gateway. This partnership enables retail and hospitality businesses that use LS Retail software to deliver simpler, faster payment experiences to their customers with minimum effort.

LS Retail: Supporting businesses around the world

Over 100,000+ retail, restaurant, pharmacy, forecourt, and hospitality businesses already rely on LS Retail software solutions to manage their entire operation. LS Central is LS Retail’s comprehensive retail management system that extends Microsoft Dynamics 365 Business Central ERP with industry-specific functionality. The solution enables businesses to run back-office operations, sales, financials, inventory, eCommerce, customer loyalty, and more on a single platform. LS Pay is an Electronic Fund Transfer (EFT) software solution that enables businesses using LS Central to have a choice when it comes to selecting a payment service provider (PSP) with out-of-the-box support for several PSPs in multiple regions.

FreedomPay: A leader of payment innovation

FreedomPay is a data-driven commerce platform delivering secure, seamless transactions across industries such as retail, food and beverage, and hospitality. The Next Level Commerce™ platform combines security, identity, payments, loyalty, and business intelligence into one solution, enabling businesses to offer a hyper-personalized purchasing experience for their customers while ensuring the highest level of safety and compliance across all channels.

Enhancing the payment experience together

Thanks to this new partnership, businesses running their operations on LS Retail software will be able to connect not only to FreedomPay, but also to any of the PSPs that leverage the white-labeled FreedomPay technology stack. The LS Pay-FreedomPay integration is available out-of-the-box to LS Central and LS Pay users. Included are advanced payment functionalities, including Point to Point Encryption (P2PE) capabilities and transaction analytics. Currently, the FreedomPay integration is available for PSPs in 75+ countries and continues to expand rapidly across the globe.

By taking advantage of the FreedomPay and LS Pay platforms, merchants can speed up and simplify the payment process across all channels, staying on the cutting edge of omnichannel payment technology without the need for a complex integration project.

“We are looking forward to a long-lasting partnership with FreedomPay,” says Petur Sigurdsson, Product Director of LS Pay at LS Retail. “Unified payments play a crucial role in delivering seamless experiences across all channels and our collaboration with FreedomPay underscores our commitment to providing businesses with the technology they need to stay ahead in a competitive landscape.”

“FreedomPay’s single unified platform brings industry-leading commerce innovation, security and global connectivity to merchants looking to take their businesses to the next level,” said Nate Ware, SVP Sales & Digital Development at FreedomPay. “Our partnership with LS Retail will enable merchants to offer best-in-class technology for a seamless commerce experience.”

About LS Retail, an Aptos Company

LS Retail, an Aptos Company is a world-leading developer and provider of unified software solutions for retail, hospitality, food service, and pharmacy businesses.

The LS Retail solutions unite ERP, Point of Sale, e-commerce, order and inventory management, CRM, advanced analytics and more, in just one platform. Every day, over 100,000 stores, restaurants, pharmacies, resorts, and other businesses in 157 countries run on LS Retail software. Learn more at www.lsretail.com.

 About FreedomPay

FreedomPay’s Next Level Commerce™ platform transforms existing payment systems and processes from legacy to leading edge and enables merchants to unleash the power of pay. As the premier choice for many of the largest companies across the globe in retail, hospitality, lodging, gaming, sports and entertainment, foodservice, education, healthcare and financial services, FreedomPay’s technology has been purposely built to deliver rock solid performance in the highly complex environment of global commerce.

The company maintains a world-class security environment and was one of the first payment solution providers in North America to be validated by the PCI Security Standards Council. FreedomPay’s robust solutions across payments, security, identity, and data analytics are available in-store, online and on-mobile and are supported by rapid API adoption. The award winning FreedomPay Commerce Platform operates on a single, unified technology stack across multiple continents allowing enterprises to deliver an innovative Next Level experience on a global scale. www.freedompay.com

Jennifer Tayebi
Burson for FreedomPay
+1 734 395 0780
jennifer.tayebi@hillandknowlton.com

GlobeNewswire Distribution ID 9174115

LS Retail and FreedomPay partner to deliver unified payments worldwide

Philadelphia, Pennsylvania, July 15, 2024 (GLOBE NEWSWIRE) — LS Retail, an Aptos Company has partnered with FreedomPay, the world’s largest independent payment gateway. This partnership enables retail and hospitality businesses that use LS Retail software to deliver simpler, faster payment experiences to their customers with minimum effort.

LS Retail: Supporting businesses around the world

Over 100,000+ retail, restaurant, pharmacy, forecourt, and hospitality businesses already rely on LS Retail software solutions to manage their entire operation. LS Central is LS Retail’s comprehensive retail management system that extends Microsoft Dynamics 365 Business Central ERP with industry-specific functionality. The solution enables businesses to run back-office operations, sales, financials, inventory, eCommerce, customer loyalty, and more on a single platform. LS Pay is an Electronic Fund Transfer (EFT) software solution that enables businesses using LS Central to have a choice when it comes to selecting a payment service provider (PSP) with out-of-the-box support for several PSPs in multiple regions.

FreedomPay: A leader of payment innovation

FreedomPay is a data-driven commerce platform delivering secure, seamless transactions across industries such as retail, food and beverage, and hospitality. The Next Level Commerce™ platform combines security, identity, payments, loyalty, and business intelligence into one solution, enabling businesses to offer a hyper-personalized purchasing experience for their customers while ensuring the highest level of safety and compliance across all channels.

Enhancing the payment experience together

Thanks to this new partnership, businesses running their operations on LS Retail software will be able to connect not only to FreedomPay, but also to any of the PSPs that leverage the white-labeled FreedomPay technology stack. The LS Pay-FreedomPay integration is available out-of-the-box to LS Central and LS Pay users. Included are advanced payment functionalities, including Point to Point Encryption (P2PE) capabilities and transaction analytics. Currently, the FreedomPay integration is available for PSPs in 75+ countries and continues to expand rapidly across the globe.

By taking advantage of the FreedomPay and LS Pay platforms, merchants can speed up and simplify the payment process across all channels, staying on the cutting edge of omnichannel payment technology without the need for a complex integration project.

“We are looking forward to a long-lasting partnership with FreedomPay,” says Petur Sigurdsson, Product Director of LS Pay at LS Retail. “Unified payments play a crucial role in delivering seamless experiences across all channels and our collaboration with FreedomPay underscores our commitment to providing businesses with the technology they need to stay ahead in a competitive landscape.”

“FreedomPay’s single unified platform brings industry-leading commerce innovation, security and global connectivity to merchants looking to take their businesses to the next level,” said Nate Ware, SVP Sales & Digital Development at FreedomPay. “Our partnership with LS Retail will enable merchants to offer best-in-class technology for a seamless commerce experience.”

About LS Retail, an Aptos Company

LS Retail, an Aptos Company is a world-leading developer and provider of unified software solutions for retail, hospitality, food service, and pharmacy businesses.

The LS Retail solutions unite ERP, Point of Sale, e-commerce, order and inventory management, CRM, advanced analytics and more, in just one platform. Every day, over 100,000 stores, restaurants, pharmacies, resorts, and other businesses in 157 countries run on LS Retail software. Learn more at www.lsretail.com.

 About FreedomPay

FreedomPay’s Next Level Commerce™ platform transforms existing payment systems and processes from legacy to leading edge and enables merchants to unleash the power of pay. As the premier choice for many of the largest companies across the globe in retail, hospitality, lodging, gaming, sports and entertainment, foodservice, education, healthcare and financial services, FreedomPay’s technology has been purposely built to deliver rock solid performance in the highly complex environment of global commerce.

The company maintains a world-class security environment and was one of the first payment solution providers in North America to be validated by the PCI Security Standards Council. FreedomPay’s robust solutions across payments, security, identity, and data analytics are available in-store, online and on-mobile and are supported by rapid API adoption. The award winning FreedomPay Commerce Platform operates on a single, unified technology stack across multiple continents allowing enterprises to deliver an innovative Next Level experience on a global scale. www.freedompay.com

Jennifer Tayebi
Burson for FreedomPay
+1 734 395 0780
jennifer.tayebi@hillandknowlton.com

GlobeNewswire Distribution ID 9174115

‫سهم كابيتال: إعلان رسمي بشأن عملية انتحال شخصية موقع الشركة

 15 يوليو 2024 – Media OutReach Newswire – الرياض، المملكة العربية السعودي –  تلقت شركة سهم كابيتال المالية (SCFC) مؤخرًا بلاغات من الجمهور حول عملية انتحال شخصية. يقوم المحتالون بالاتصال عبر عرض رسائل خطأ ومعلومات على الموقع المزيف الذي تزورونه، والذي يدعي الانتماء لشركتنا.

 نود تذكير عملائنا الكرام بعدم التعامل مع هذه المواقع المزيفة أو القنوات غير الرسمية الأخرى، ونحيطكم علمًا بأن شركة سهم كابيتال المالية (SCFC) غير مسؤولة عن أي معاملات تتم من خلال المواقع المذكورة أعلاه.

 للتحقق من صحة موقعنا، يرجى زيارة موقعنا الرسمي عبر الرابط التالي فقط: (https://www.sahmcapital.com/) 

سيتم اتخاذ جميع الإجراءات القانونية اللازمة ضد الجهات المسؤولة عن هذه المواقع المزيفة دون شك في جميع الأطر التنظيمية في كل منطقة قضائية.

 إذا كان لديكم أي استفسارات أو مخاوف، يرجى التواصل معنا عبر البريد الإلكتروني التالي: (cs@sahmcapital.com) أو عبر الهاتف: (966920007889)