Latest news with #SeniorExecutives
ArabGT
a day ago
- Automotive
- ArabGT
Chinese Cars Accelerate Their Growth in the UAE Market
Over the past few years, Chinese car brands have gone from underdogs to global contenders, reversing a once-weak reputation in Arab markets—especially in terms of quality and technological sophistication. Today, they are strongly associated with cutting-edge innovation, particularly as the electric vehicle sector gains momentum. This transformation has even been acknowledged by senior executives at major global automakers, who now view China as a pioneering force in automotive technology and innovation. In the UAE, this success story is no different. According to recent figures from Al-Futtaim Motors, Chinese vehicles captured between 15% and 20% of new car sales in the country during the first half of 2025, averaging about 17.5% of the total market share. BYD Al-Futtaim Leading the Charge Speaking to the media, Mohammed Qassim, General Manager of Retail at BYD Al-Futtaim, highlighted the remarkable and accelerating growth of Chinese cars in the UAE. He stressed that these models are no longer seen purely as budget-friendly options—they now combine advanced technology, premium build quality, and contemporary design. Qassim attributed this success to substantial investments by Chinese automakers in research and development, with a strong focus on innovation in electric and hybrid vehicles, all offered at competitive price points. Qassim noted that BYD's sales have steadily increased with each new model release, particularly in the electric vehicle segment, where the brand enjoys a leading position in the local market. This dominance is supported by a diverse lineup catering to a wide range of consumer needs. He emphasized that BYD's dedication to producing high-quality EVs with long driving ranges, advanced features, and accessible pricing has resonated with UAE customers, who are becoming increasingly aware of the benefits of sustainable mobility. Positive Outlook for 2025 Looking ahead, Qassim expressed strong optimism for further expansion, predicting that the share of Chinese cars in the UAE will grow significantly in 2025 compared to 2024. He cited several driving factors: rising consumer confidence in Chinese brands' design, features, and reliability; continuous introduction of innovative models driven by major R&D investments; and robust demand for electric vehicles, supported by the UAE's forward-looking vision for sustainable transportation. He also underlined the critical role of after-sales service networks and logistical support from local dealers such as Al-Futtaim Electric Mobility, which reinforce trust and customer satisfaction. Competitive pricing, he added, continues to be a major draw, offering exceptional value for money and appealing to a broad customer base. Qassim concluded by predicting that the sector's growth rate could surpass 20% in 2025, building on an already strong and steadily expanding sales foundation.
Yahoo
24-06-2025
- Business
- Yahoo
Mowi ASA (OSE: MOWI): Share option scheme for senior executives and allocation of options 2025
Mowi ASA (OSE: MOWI): Share option scheme for senior executives and allocation of options 2025 At Mowi ASA's (the 'Company') annual general meeting ('AGM') on 4 June 2025 the Board of Directors was authorised to grant options under the Share Option Scheme to Senior Executives, as described in Mowi's guidelines for remuneration of leading personnel (the 'Guidelines'). On 19 June 2025 the Board of Directors granted 1.74 million options at a strike price of NOK 201.6860, corresponding to 107.5% of the volume weighted average share price on the Oslo Stock Exchange at the date of the AGM, to a total of 41 individuals. In accordance with the Guidelines, the options have a term of 4 years but will become exercisable immediately if a mandatory bid is made for all of the shares in Mowi, if a voluntary offer is followed-up with a forced transfer of shares in accordance with the Norwegian Securities Trading Act or if Mowi is the non-surviving entity in a merger with another company. The exercise of 50% of the options awarded to an option holder is conditional on achievement of performance criteria, measured in the development of the share price of the Company's shares compared with those of peers ("Performance-based Options"). The exercise of the remaining 50% of the options awarded to an option holder is not conditional on achievement of such performance criteria ("Ordinary Options"). The number of shares and the strike price will be adjusted for dividends and changes in the equity capital during the term of the option according to the Oslo Stock Exchange's derivative rules and provisions in the option agreements. Total profit through the exercise of Performance-based Options in a year is capped at one year's salary for the option holder, and total profit through the exercise of Ordinary Options in a year is capped at one year's salary for the option holder. If the profit exceeds this limit, the number of shares to be issued will be reduced accordingly. The following primary insiders in the Company have been allocated options according to the above, please see attached allocation details. The primary insiders have the following number of shares and options, adjusted for dividends paid, in the Company. Total number of Options granted Total options Name shares owned in 2025 outstanding Ivan Vindheim (CEO) 13,471 200,000 1,076,593 Kristian Ellingsen(CFO) 1,389 100,000 538,297 Øyvind Oaland (COO Farming Norway, Iceland) 5,777 100,000 538,297 Ben Hadfield (COO Farming Scotland, Ireland, Faroes and Canada East) 8,259 100,000 538,297 Fernando Villarroel(COO Farming Americas) 5,801 100,000 538,297 Ola Brattvoll (COO Sales & Marketing) 10,620 100,000 538,297 Atle Kvist(COO Feed) 932 100,000 538,297 Catarina Martins (CTO & Chief Sustainability Officer) 2,834 45,000 175,293 Kjersti Eikeseth(Chief HR Officer) 266 25,000 50,898 Kim Galtung Døsvig (Investor Relations & Head of Treasury) 1,525 25,000 134,575 Lars Tore Andersen(Group Accounting Director) 1,525 15,000 46,641 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading in to access your portfolio
Yahoo
20-06-2025
- Business
- Yahoo
Mowi ASA (OSE: MOWI): Share option scheme for senior executives and allocation of options 2025
Mowi ASA (OSE: MOWI): Share option scheme for senior executives and allocation of options 2025 At Mowi ASA's (the 'Company') annual general meeting ('AGM') on 4 June 2025 the Board of Directors was authorised to grant options under the Share Option Scheme to Senior Executives, as described in Mowi's guidelines for remuneration of leading personnel (the 'Guidelines'). On 19 June 2025 the Board of Directors granted 1.74 million options at a strike price of NOK 201.6860, corresponding to 107.5% of the volume weighted average share price on the Oslo Stock Exchange at the date of the AGM, to a total of 41 individuals. In accordance with the Guidelines, the options have a term of 4 years but will become exercisable immediately if a mandatory bid is made for all of the shares in Mowi, if a voluntary offer is followed-up with a forced transfer of shares in accordance with the Norwegian Securities Trading Act or if Mowi is the non-surviving entity in a merger with another company. The exercise of 50% of the options awarded to an option holder is conditional on achievement of performance criteria, measured in the development of the share price of the Company's shares compared with those of peers ("Performance-based Options"). The exercise of the remaining 50% of the options awarded to an option holder is not conditional on achievement of such performance criteria ("Ordinary Options"). The number of shares and the strike price will be adjusted for dividends and changes in the equity capital during the term of the option according to the Oslo Stock Exchange's derivative rules and provisions in the option agreements. Total profit through the exercise of Performance-based Options in a year is capped at one year's salary for the option holder, and total profit through the exercise of Ordinary Options in a year is capped at one year's salary for the option holder. If the profit exceeds this limit, the number of shares to be issued will be reduced accordingly. The following primary insiders in the Company have been allocated options according to the above, please see attached allocation details. The primary insiders have the following number of shares and options, adjusted for dividends paid, in the Company. Total number of Options granted Total options Name shares owned in 2025 outstanding Ivan Vindheim (CEO) 13,471 200,000 1,076,593 Kristian Ellingsen(CFO) 1,389 100,000 538,297 Øyvind Oaland (COO Farming Norway, Iceland) 5,777 100,000 538,297 Ben Hadfield (COO Farming Scotland, Ireland, Faroes and Canada East) 8,259 100,000 538,297 Fernando Villarroel(COO Farming Americas) 5,801 100,000 538,297 Ola Brattvoll (COO Sales & Marketing) 10,620 100,000 538,297 Atle Kvist(COO Feed) 932 100,000 538,297 Catarina Martins (CTO & Chief Sustainability Officer) 2,834 45,000 175,293 Kjersti Eikeseth(Chief HR Officer) 266 25,000 50,898 Kim Galtung Døsvig (Investor Relations & Head of Treasury) 1,525 25,000 134,575 Lars Tore Andersen(Group Accounting Director) 1,525 15,000 46,641 This information is subject to the disclosure requirements pursuant to section 5-12 of the Norwegian Securities Trading Act.
