SHUAA Capital

Skylight Health Group Reports Second Quarter 2022 Financial Results and Upsizes Financing

Retrieved on: 
Monday, August 15, 2022
Risk, Budget, Industry, GLOBE, CFO, Population, Medicare Advantage, NMD, Growth, Humana, Research, EBITDA, MA, Patient, COVID-19, Company, Segment, FFS, Contract, Acquisition, Program, Partnership, Ageing, Centene Corporation, AEP, Population Health Management, NASDAQ, JV, ACO, Goal, Net operating loss, SHUAA Capital, CHS, Skylight, Renewable energy, Video game, Reinsurance, Health insurance, Security (finance), VBC, Medicare, Adjustment, Q3

TORONTO, Aug. 15, 2022 (GLOBE NEWSWIRE) -- Skylight Health Group Inc. (NASDAQ: SLHG; TSXV: SLHG) (Skylight Health or the Company), a multi-state primary care management group in the United States, today announced its financial results for the second quarter ended June 30, 2022.

Key Points: 
  • TORONTO, Aug. 15, 2022 (GLOBE NEWSWIRE) -- Skylight Health Group Inc. (NASDAQ: SLHG; TSXV: SLHG) (Skylight Health or the Company), a multi-state primary care management group in the United States, today announced its financial results for the second quarter ended June 30, 2022.
  • Over $70 million revenue run rate on a proforma basis and trending towards adjusted EBITDA break-even by the end of 2022.
  • Prad Sekar, CEO Skylight Health said, We could not be more pleased with our second quarter results.
  • Efforts made in Q2 2022 have resulted in an adjusted EBITDA improvement of approximately $1.3 million compared to Q1 2022.

Vistas Media Acquisition Company Inc. and Anghami Inc. Announce Closing of Business Combination

Retrieved on: 
Thursday, February 3, 2022
Benchmark, LLP, Chief technology officer, Music, Entrepreneurship, Catalog, CEO, Private Securities Litigation Reform Act, Risk, Special-purpose acquisition company, U.S. Securities and Exchange Commission, NASDAQ, Nasdaq, SPAC, Ecosystem, SEC, Warner, VMAC, Fleming Companies, Inc, Form, SEC filing, COVID-19, International, MENA, Sony, Global Media Group, Company, GLOBE, Acquisition, SHUAA Capital, Business architecture, Achievement, Management, Financial services, Risk management, Anghami, State, Universal

The Business Combination was approved by a majority of VMAC stockholders at a special meeting held on January 19, 2022.

Key Points: 
  • The Business Combination was approved by a majority of VMAC stockholders at a special meeting held on January 19, 2022.
  • Today is a testament to the hard work and dedication of our company, employees and partners at Vistas Media Acquisition Company, said Eddy Maroun, Co-Founder and Chief Executive Officer of Anghami.
  • About Vistas Media Acquisition Company Inc.
    Vistas Media Acquisition Company Inc. is a blank check company, also commonly referred to as a Special Purpose Acquisition Company, or SPAC, formed for the purpose of effecting a merger, stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses or entities in the Global Media and Entertainment sector.
  • These forward-looking statements include, without limitation, the satisfaction of the closing conditions to the proposed business combination, and the timing of the completion of the proposed business combination.

Agtech Pioneer Pure Harvest Smart Farms Secures USD 64.5 Million in Growth Capital to Expand in MENASA

Retrieved on: 
Wednesday, October 27, 2021
Environment, Technology, Finance, Other Technology, Professional Services, Other Natural Resources, Agriculture, Data Management, Natural Resources, Citigroup Global Markets Japan, Future Investment Initiative, USD, Technology, IMM, GCC, SHUAA Capital, Partnership, International Finance Corporation, Natural Resources, Food security, Pedigree, Food, Company, Investment, Kingdom, Water, Farm, Partner, Solution, CEA, D, MENASA, World Bank Group, Chief executive officer, Infrastructure, Angel, AG, World, Renewable energy, Agriculture, Financial services

Pure Harvest Smart Farms (the Company), a leading sustainable technology-enabled agribusiness, today announced that it has secured US $64.5 million in growth capital to accelerate the Companys expansion and technology development efforts.

Key Points: 
  • Pure Harvest Smart Farms (the Company), a leading sustainable technology-enabled agribusiness, today announced that it has secured US $64.5 million in growth capital to accelerate the Companys expansion and technology development efforts.
  • They understand the market opportunity and the merits of our solutions, and IMM will bring tremendous value supporting our expansion into Asia.
  • Today Pure Harvest operates three (3) farms in the UAE with the Companys fourth and fifth projects under development in the Kingdom of Saudi Arabia and Kuwait, respectively.
  • Pure Harvest is not just a regional champion, but a pioneer that will take its solutions to scale internationally.

Pure Harvest Smart Farms Secures US$60 Million in Growth Funding to Support Regional Expansion

Retrieved on: 
Monday, March 15, 2021
Banking, Supply chain management, Professional services, Other Natural Resources, Data management, Technology, Agriculture, Food, Beverage, Natural Resources, Retail, Finance, Other Technology, SHUAA Capital, Islamic banking, Sukuk, Sustainability, Articles, Economy

Pure Harvest Smart Farms, a world-leading, sustainable technology-enabled agribusiness, today announced that it has secured US$50 million in growth funding through an Islamic structured finance solution, led by SHUAA Capital psc[DFM: SHUAA].

Key Points: 
  • Pure Harvest Smart Farms, a world-leading, sustainable technology-enabled agribusiness, today announced that it has secured US$50 million in growth funding through an Islamic structured finance solution, led by SHUAA Capital psc[DFM: SHUAA].
  • The sukuk comes on the heels of a successful second growth equity raise of US$10 million, led by Sancta Capital in January 2021.
  • Sky Kurtz, Founder and CEO at Pure Harvest Smart Farms, said: We are thrilled to have secured this innovative structured financing solution that supports our aggressive growth campaign within the GCC region.
  • We are delighted that SHUAA has been able to deliver this innovative and highly complex structured financing solution for Pure Harvest Smart Farms in another regional first.

Shanghai Electric Strengthens Environmental, Social, and Corporate Governance for Dubai MBR Solar Park Project

Retrieved on: 
Thursday, January 21, 2021
Mohammed bin Rashid Al Maktoum, Dubai, SHUAA Capital, Economy of the United Arab Emirates, Arabian Peninsula, United Arab Emirates, Solar power in the United Arab Emirates

SHANGHAI, Jan. 21, 2021 /PRNewswire/ --Shanghai Electric Group ("Shanghai Electric" or "the Company") has strengthened its environmental, social, and corporate governance for the Phase 5 project for Dubai's 900MW Mohammed bin Rashid Al Maktoum Solar Park (MBR Solar Park), winning praise from Shuaa Energy, the venture leading the project.

Key Points: 
  • SHANGHAI, Jan. 21, 2021 /PRNewswire/ --Shanghai Electric Group ("Shanghai Electric" or "the Company") has strengthened its environmental, social, and corporate governance for the Phase 5 project for Dubai's 900MW Mohammed bin Rashid Al Maktoum Solar Park (MBR Solar Park), winning praise from Shuaa Energy, the venture leading the project.
  • The MBR Solar Park is set to become the world's largest single-site solar park based on the Independent Power Producer (IPP) model, with a planned total capacity of 5GW and a total investment value of $US136 billion upon completion.
  • As a new global benchmark in the solar industry, the MBR Solar Park deploys some of the world's most cost-effective solar panels.
  • Through such initiatives, Shanghai Electric seeks to further its contribution to the UAE's sustainable development and promote a brighter future for all.

Shanghai Electric Strengthens Environmental, Social, and Corporate Governance for Dubai MBR Solar Park Project

Retrieved on: 
Thursday, January 21, 2021
Mohammed bin Rashid Al Maktoum, Dubai, SHUAA Capital, Economy of the United Arab Emirates, Arabian Peninsula, United Arab Emirates, Solar power in the United Arab Emirates

SHANGHAI, Jan. 21, 2021 /PRNewswire/ --Shanghai Electric Group ("Shanghai Electric" or "the Company") has strengthened its environmental, social, and corporate governance for the Phase 5 project for Dubai's 900MW Mohammed bin Rashid Al Maktoum Solar Park (MBR Solar Park), winning praise from Shuaa Energy, the venture leading the project.

Key Points: 
  • SHANGHAI, Jan. 21, 2021 /PRNewswire/ --Shanghai Electric Group ("Shanghai Electric" or "the Company") has strengthened its environmental, social, and corporate governance for the Phase 5 project for Dubai's 900MW Mohammed bin Rashid Al Maktoum Solar Park (MBR Solar Park), winning praise from Shuaa Energy, the venture leading the project.
  • The MBR Solar Park is set to become the world's largest single-site solar park based on the Independent Power Producer (IPP) model, with a planned total capacity of 5GW and a total investment value of $US136 billion upon completion.
  • As a new global benchmark in the solar industry, the MBR Solar Park deploys some of the world's most cost-effective solar panels.
  • Through such initiatives, Shanghai Electric seeks to further its contribution to the UAE's sustainable development and promote a brighter future for all.

500 Startups Appoints SHUAA Capital as an Advisor to its 500 Falcons I Fund

Retrieved on: 
Sunday, October 18, 2020
Banking, Professional services, Finance, Entrepreneurship, Private equity, Finance, Economy, Money, SHUAA Capital, 500 Startups, Venture capital, Startup company, 500 Startups, SHUAA Capital

500 Startups, the most active early stage venture capital firm globally1, announced today the appointment of SHUAA Capital, represented by Jassim Alseddiqi, as Advisor to its Falcons I fund in MENA (500 Falcons, L.P.).

Key Points: 
  • 500 Startups, the most active early stage venture capital firm globally1, announced today the appointment of SHUAA Capital, represented by Jassim Alseddiqi, as Advisor to its Falcons I fund in MENA (500 Falcons, L.P.).
  • As CEO of SHUAA, Alseddiqi runs one of the leading financial services firms in the Middle East, SHUAA Capital psc (DFM: SHUAA), with USD 13 billion under management.
  • We are thrilled to have SHUAA and Jassim with us as we prepare for the next phase of 500 in MENA.
  • SHUAA CAPITAL, PSC HAS PROVIDED THE INFORMATION RELATING TO SHUAA CAPITAL AND ITS REPRESENTATIVES, WHICH HAS NOT BEEN VERIFIED BY 500 STARTUPS.