Latest news with #SLIC
Express Tribune
a day ago
- Business
- Express Tribune
SLIC to introduce lifetime pension product for retired govt employees
Listen to article The State Life Insurance Corporation (SLIC) has decided to introduce a lifetime pension product for all retired government employees. The corporation will also offer its policyholders the largest bonus in its history this year. Additionally, SLIC is collaborating with the Sindh government to improve primary healthcare in the province, with a working group already established for this purpose. This was shared by SLIC CEO Shoaib Javed Hussain during an exclusive interview with Express News on Thursday. Dr Aftab Imam, Executive Director of State Life Insurance, was also present at the meeting. Hussain stated that the draft of the proposed pension scheme would be ready within a month, after which it would be sent to the federal government for approval. He further explained that the scheme would be accessible to individuals aged 70 and above, allowing retired employees to benefit from it. In this regard, the corporation has also acquired the VPS licence from the Securities and Exchange Commission of Pakistan (SECP). The pension scheme is expected to be launched later this year. On another front, SLIC is working with the Sindh government to enhance primary healthcare in the province. A working group, led by Sindh Chief Minister Syed Murad Ali Shah, has been formed to oversee the implementation of healthcare projects in Sindh. Responding to a query, Hussain highlighted the remarkable growth in the corporation's group insurance segment, attributing its success to competitive pricing and superior services. Similarly, the growth of Takaful products has been highly encouraging. Regarding the Health Card Scheme introduced for media workers, Hussain revealed that journalists in Khyber-Pakhtunkhwa and Punjab have been utilising the health cards extensively. However, the use of health cards in Karachi by journalists remains limited. In response, the SLIC, in collaboration with the Karachi Press Club, will launch a dedicated awareness campaign to inform journalists about the benefits of the health card scheme.
Daily Record
15-05-2025
- Business
- Daily Record
School libraries across Lanarkshire set to benefit from £150k funding injection
School Library Improvement Fund (SLIF) supports creative and innovative projects in line with the key aims of 'Vibrant Libraries, Thriving Schools'. School libraries across Lanarkshire are set to benefit from a £150,000 funding injection earmarked for projects supporting the development of employability skills, digital literacy and family learning, through the 2025/26 School Library Improvement Fund (SLIF). Administered by the Scottish Library and Information Council (SLIC) on behalf of the Scottish Government, SLIF supports creative and innovative projects in line with the key aims of 'Vibrant Libraries, Thriving Schools' - the national strategy for the development of school libraries. Open to all state-run nurseries, primary schools and secondary schools in Lanarkshire, this year's fund will prioritise project applications which promote the themes of cross curricular working and developing employability skills, delivering digital literacy and exploring digital creativity, and cluster working and family learning. The 2025-26 SLIF brings the total investment from the Scottish Government to £1.87 million over the lifetime of the scheme. Announcing the opening of the fund for 2025-26, Cabinet Secretary for Education and Skills, Jenny Gilruth, said: 'School libraries are a vital part of the learning community across Scotland and we know they can help foster habits of reading for pleasure among our young people from an early age, which can support learning and help close the poverty related attainment gap. 'I am determined to ensure that our school libraries continue to prosper and would encourage all head teachers who think their school could benefit for this important funding to apply for a share of this £150,000 of investment from the Scottish Government. 'This year's fund will support family learning and help deliver more digital literacy and creativity, in line with our ambition to develop an innovation nation and support greater whole family support.' Seventeen projects across Scotland benefited from last year's funding boost of £150,000, which focused on developing literacy and numeracy, information and media literacy, and mental health support. Alison Nolan, chief executive officer of SLIC, said: 'The SLIF supports creative, innovative projects within Scotland's school libraries and every year, we are struck by the ingenuity of the forward-thinking services that drive progress with trailblazing projects that best meet the evolving needs of their school communities. 'With the latest funding pledge of £150,000 for school libraries announced, it's the perfect time for services to reflect on what's possible. "We encourage teams to think boldly about how they can develop and transform their offering, and submit an application that brings those ideas to life in support of pupils, parents and colleagues.' Lanarkshire schools can submit an individual or collaborative application, with SLIC accepting up to two individual applications per local authority and an unlimited number of collaborative applications to ensure equal opportunities across the country. The School Library Improvement Fund 2025-26 is now open; applications will close on August 27. To find out more, and apply, visit .
Glasgow Times
10-05-2025
- Business
- Glasgow Times
Glasgow institutions awarded funding for library projects
The Scottish Library and Information Council (SLIC) has granted a share of £34,000 to six libraries and information centres across Scotland, including three in Glasgow, to support pioneering projects in 2025. Since 2013, the SLIC Innovation and Development Fund has awarded more than £400,000 to more than 40 projects. Read more: Former STV presenter to compete in international beauty competition (Image: Supplied) Now in its 13th year, the Innovation and Development Fund has previously helped develop new resources, inspired original research, and enhanced staff training. This year, the fund will support projects including an AI toolkit for staff training, a chill-out space for students, and a podcast studio. Glasgow Clyde College's Cardonald Campus Library will use the funding to create a quiet place for students to take breaks, complete with a mindful selection of books and air-purifying plants. The project is designed to encourage reading for pleasure, thereby increasing literacy skills while promoting student well-being. The University of Strathclyde's Department of Computer and Information Sciences is hoping to develop an AI toolkit and set of guidelines for Scottish libraries. This will be used to educate and empower library staff to make optimum use of emerging generative AI tools for information-related tasks and activities. Meanwhile, Glasgow Women's Library will extend its Adult Literacy and Numeracy (ALN) project, which supports women in understanding, reading, and writing words and numbers. The library aims to use the project to increase the knowledge of potential learners, partner organisations, and the general public. It also hopes to make the wider ALN project more accessible to women who struggle with literacy, or whose first language isn't English. (Image: Supplied) Read more: Concerns raised about drug use at historic Glasgow site Alison Nolan, chief executive of SLIC, said: "Scotland's libraries and information centres continue to evolve, creating vibrant, future-facing spaces that meet the needs of the communities they serve – and the Innovation and Development Fund is a vital catalyst for that continued progression. "By backing bold, creative projects, we're not just supporting innovation but helping services redefine their offering in a rapidly changing world. "These six initiatives demonstrate the power of libraries to lead on digital skills, wellbeing and inclusive learning in both urban and rural communities." More information on the Innovation and Development Fund is available on the Scottish Library and Information Council's website.
Zawya
12-03-2025
- Business
- Zawya
Saudi Leather Industries taps Yaqeen Capital for Tadawul IPO
Saudi Leather Industries Company (SLIC) has appointed Riyadh-based Yaqeen Capital to lead manage its initial public offering (IPO). Following the IPO, SLIC's shares will be listed on the Saudi stock exchange (Tadawul), Yaqeen Capital said on Tuesday. Upon the completion of the IPO and the listing process, the total revenues collected from the process will exceed 5% of the total revenues of Yaqeen Capital, compared to the last audited annual financial statements for the year 2024 AD. In January, industry experts said strong investor optimism and a strengthening of regulatory frameworks will steadily boost the IPO momentum in Saudi Arabia in 2025. A 2025 outlook by Saudi brokerage Al Rajhi Capital estimates the kingdom could witness between 50 to 60 IPOs over the next two years, with seven already approved or closed, while 97 IPOs remain under review. (Editing by Brinda Darasha;
Argaam
11-03-2025
- Business
- Argaam
Yaqeen Capital to arrange SLIC's IPO on TASI
Yaqeen Capital signed today, March 11, an agreement with Saudi Leather Industries Co. (SLIC) to arrange the latter's planned initial public offering (IPO) on the Main Market. In a statement to Tadawul, Yaqeen Capital said the process of arranging the share offering and listing takes place through multiple stages, starting from the signing date of the agreement and extending until obtaining approvals from the Capital Market Authority (CMA) and the actual share listing. For More IPOs This agreement will result in financial revenues, the value of which is determined based on the arranging progress, obtaining the CMA's approval on the share offering and listing, and the actual market debut, it added. Yaqeen Capital also indicated that, upon completion of all stages related to SLIC's offering and listing process, total revenues generated thereupon will exceed 5% of its overall topline, compared with the latest audited annual financial statements for 2024. According to Argaam 's data, SLIC is a Saudi-based company, with its main productions being work, military and casual footwear. It was established in 1981 as a joint venture with US-based Wolverine Worldwide. Manufacturing takes place at SLIC's 15,000-square-meter plant in the Second Industrial City in Eastern Province, Dammam. The company is considered the main supplier of work footwear to many corporates such as Saudi Arabian Oil Co. (Saudi Aramco), Saudi Electricity Co., Saudi Basic Industries Corp. (SABIC), besides many other businesses and institutions within the Kingdom and abroad.
