Latest news with #FutureVision
Business Recorder
4 days ago
- Business
- Business Recorder
DG NAB Lahore listens to public complaints
LAHORE: The Director General (DG) NAB Lahore, Muhammad Ahtram Dar, convened a monthly open hearing session in NAB Lahore which was participated by hundreds of victims affected by Ponzi (investment) schemes and illegal housing societies. The forum witnessed aggrieved complainants of Future Vision scam, Al-Rehman Garden Phase-4, Omega Housing Society, New Lahore City, Khayaban-e-Amin Housing Society, Formanities Housing Society, Elite Town Housing Society, and Grand Avenue Housing Society. DG NAB Lahore attentively listened to all public grievances and issued prompt directives for their resolution. Responding to the complainants of Future Vision scandal, DG NAB ordered an immediate direct inquiry and instructed the initiation of proceedings to place the prime accused on Exit Control List (ECL) along with publication of advertisements in national dailies. Regarding the complaints against Al-Rehman Garden (Phase-4) management, the DG NAB allotted one month deadline to investigation team for bringing conclusion of the case and to submit a comprehensive report. Copyright Business Recorder, 2025
Argaam
26-05-2025
- Business
- Argaam
Future Vision plans up to 350,000 share buyback
Future Vision for Health Training Co. 's board of directors recommend, on May 25, the purchase of a number of the company's ordinary shares, with a maximum limit of 350,000 shares, for the purpose of retaining them as treasury shares. In a statement to Tadawul, the company said that this decision will be voted on by the upcoming extraordinary general assembly (EGM), which will be announced at a later date, for the purpose of approving the share repurchase, in accordance with the requirements and fulfillment of all conditions stipulated in Article 17 of the Implementing Regulations of the Companies Law for Listed Joint Stock Companies. The voting will also consider the solvency report issued by the company's external auditor, which will be attached to the invitation to the EGM that will consider and approve the transaction in accordance with applicable regulations. The repurchased shares will be retained for future use in a manner that enhances flexibility in managing the company's capital structure, and to allocate part of them under an employee incentive program, the statement added. The purchase will be financed through the company's own resources, the company indicated, noting that it currently holds 38% treasury stocks from the total company shares. The process is conditional upon the approval of the EGM and meeting the financial solvency requirements contained in Implementing Regulations issued pursuant to the Companies Law. Purchased shares shall not have voting rights in the general assembly's meetings, the statement added. According to data available on Argaam, the number of shares to repurchased by Future Vision represents 3.5% of the total company shares totaling to 10 million shares.
Zawya
15-04-2025
- Business
- Zawya
Future Vision Saudi IPO 513% oversubscribed
The initial public offering (IPO) of Saudi healthcare education firm Future Vision for Health Training saw a huge demand from investors, with coverage reaching more than 500% of total offered shares. The company's offering of 2 million shares, which ran from April 6 to 10, was 513.28% covered, according to Yaqeen Capital, the financial advisor and lead manager for the IPO. The shares were priced at SAR 7 ($1.9) apiece. The date for listing of Future Vision's shares on the Saudi Stock Exchange (Tadawul) Parallel Market Nomu will be announced after all the required procedures are completed. The Riyadh-headquartered company provides life support courses to medical professionals. It is accredited by the American Heart Association and the Saudi Heart Association. Saudi Arabia has been leading the IPO activity in the Middle East and North Africa region, with 17 out of the 25 listings in the last quarter of 2024, according to EY. Five share offerings were on the Saudi Exchange Main Market, recording proceeds of $1.1 billion. (Writing by Cleofe Maceda; editing by Seban Scaria)
Zawya
07-03-2025
- Business
- Zawya
Saudi's Future Vision for Health Training to float 20% in April IPO
Saudi healthcare education firm Future Vision for Health Training plans to proceed with an IPO, with the intention to float two million shares. The listing on Saudi's Parallel Market NOMU will represent 20% of Future Vision's share capital. The share sale will run from April 6 to 10, according to Yaqeen Capital, which is the financial advisor and lead manager of the offering. The announcement comes after Future Vision received a nod of approval from Saudi's Capital Market Authority in December. Future Vision was established in 2019 in Madinah, with a focus on health education and training. (Writing by Bindu Rai, editing by Seban Scaria)
