HSBC has acted as a lead financier for Mannai Corporation QSC on its bid to acquire the region’s leading jewellery chains, Damas International. The bid was formally approved by Mannai shareholders at a recent extra-ordinary shareholders meeting.
This is the third deal over the past 12 months in which HSBC has played a major role in supporting Mannai transactions. In 2011 HSBC acted as lead manager for Mannai on its successful QAR399m rights issue. HSBC was also buy-side adviser and lead arranger for the financing of Mannai’s acquisition of 35% interest in Axiom Telecom.
Abdul Hakeem Mostafawi, chief executive officer (CEO), HSBC Bank Middle East, Qatar, said: “HSBC and Mannai have had a longstanding relationship of over 50 years. This transaction is another example of our unique ability to serve key customers with international and cross-border banking needs. Our international proposition is designed to meet the needs of our commercial customers in their growth aspirations and to deliver products well suited to their requirements.”
The annual BNP Paribas Cash Management University kicked off on Thursday morning with treasury professionals congregating in Paris from across Europe.
APIs may be a solution to MT940 challenges, says Karen Fagan, treasury operation manager, for British television company, ITV.
Kicking off the first day of the Singapore Fintech Festival, issues with cryptocurrencies were addressed by MIT media labs director, Joi Ito, and panels of technology leaders discussed how they’re using data analytics.
Sibos 2017 day two highlights: Brexit and banking, and why ‘data is the new oil’ in financial services
How nation first politics can impact global financial organisations It’s clear that data and regulation are the two key topics that are ... read more