Latest news with #StrategicPartnership
Zawya
5 hours ago
- Business
- Zawya
Saudi Elevare360 and Qatari Sahmik sign strategic partnership to accelerate IR Innovation across the GCC
Riyadh, Saudi Arabia – Elevare360 Advisory, a Saudi-based investor relations and strategic communications consultancy, and Sahmik, a Qatari capital markets data and analytics platform, have signed a strategic partnership agreement marking a pivotal step toward advancing investor relations (IR) standards across the Gulf Cooperation Council (GCC). As part of the agreement, the two firms will launch a co-branded bilingual Investor Relations Platform tailored to clients in Saudi Arabia. The new solution, 'Powered by Sahmik × Elevare360,' will integrate real-time market data, ESG dashboards, and institutional-grade reporting tools into state-of-the-art IR websites. Already trusted by major GCC listed companies, Sahmik's platform brings proven technology and credibility to the Kingdom. The solution will offer Saudi issuers a digital gateway to articulate their equity story, meet disclosure requirements, and actively engage shareholders—supporting the region's digital transformation drive to attract long-term capital and position listed companies for global visibility. This partnership reflects the rising prominence of the Saudi stock market and the abundant opportunities it presents for regional and international investors. It also signals the growing maturity of GCC-based companies in adopting professional IR practices and forging high-impact cross-border alliances. Amid the Kingdom's busiest issuance cycle to date, 2024 saw 44 new listings raise the Saudi Exchange's total to 353 companies—up from 247 Main-Market names at the end of 2023. Momentum is set to accelerate, with forecasts from Al Rajhi Capital, EY, and others projecting 50–60 IPOs across 2025–26. Against this backdrop of rapid expansion, the Elevare360 × Sahmik collaboration arrives at a pivotal moment—equipping issuers with data-rich, bilingual IR technology and strategic counsel to stand out, meet rising disclosure demands, and compete for global capital on a broader, faster-moving market stage. 'This partnership underscores our conviction that data-driven investor-relations (IR) solutions are essential for Saudi companies that want to attract and retain both institutional and retail investors. By deploying these cutting-edge tools, we can help transform the Kingdom's capital market. Together with Sahmik, we're equipping issuers to be more transparent, investor-ready, and fully aligned with the ambitions of Vision 2030,' said Dr. Mishal Al-Harbi, Co-Founder and COO of Elevare360. 'The Elevare-Sahmik alliance is a natural extension of our mission to democratize access to capital markets data and IR technology. By combining our analytics engine with Elevare's strategic expertise, we're delivering a truly end-to-end IR solution that scales across the GCC,' said Dalibor Pajic, Head of Content and Data Management. Rasha El Hassan, Head of IR Advisory at Elevare360, emphasized, "The integration of advanced analytics and real-time market intelligence with strategic advisory services is a game-changer for IR professionals across the region. Through our partnership with Sahmik, we are empowering companies to proactively manage investor perceptions, streamline compliance, and elevate their equity narratives in alignment with global best practices. This collaboration marks a significant leap forward in setting new standards for investor engagement and transparency in our region." Initially focused on Saudi Arabia and Qatar, the partnership plans to expand across the broader GCC in response to growing demand for digital IR tools and localized advisory services. As proud members of the Middle East Investor Relations Association (MEIRA), both Elevare360 and Sahmik view this partnership as a testament to the value of regional collaboration within the MEIRA community—demonstrating how shared standards, data transparency, and strategic storytelling can unlock cross-border value.
Time of India
8 hours ago
- Business
- Time of India
India-UK FTA in final stages, legal scrubbing underway: Vikram Misri ahead of PM Modi's London visit
Prime Minister Narendra Modi's upcoming UK visit on July 23 aims to finalize the India-UK Free Trade Agreement, currently undergoing legal review. Discussions with UK Prime Minister Keir Starmer will encompass trade, defence, and climate change, reinforcing the Comprehensive Strategic Partnership. Tired of too many ads? Remove Ads Tired of too many ads? Remove Ads Maldives-India FTA soon? As Prime Minister Narendra Modi gears up for a two-day state visit to the United Kingdom beginning July 23 Foreign Secretary Vikram Misri said on Tuesday that the long-negotiated India-UK Free Trade Agreement (FTA) is in its final stages, with both sides currently engaged in 'legal scrubbing' and other last-minute formalities.'We are working on legal scrubbing and other last-minute work that needs to be done,' Misri said during a press conference on the prime minister's upcoming visit to London for the signing on the trade pact on July 24."The UK is the sixth-largest investor in India, with cumulative investment of $36 billion. Interestingly, India is also a major investor in the UK, with nearly $20 billion in cumulative FDI,' he the visit, PM Modi is expected to hold wide-ranging talks with UK Prime Minister Keir Starmer on the full spectrum of bilateral relations—including trade, defence, innovation, climate change, and further described the relationship between the two countries as a 'Comprehensive Strategic Partnership' since its formal upgrade in 2021. 'There have been regular high-level exchanges between the two sides, and institutional mechanisms are in place to drive cooperation across financial, strategic, energy and scientific domains,' he as the prime minister is also set to visit Maldives on July 25 in the second leg of his two-nation tour, Foreign Secretary Vikram Misri confirmed that India and the island nation are in discussions over a Free Trade Agreement and a broader investment Foreign Secretary also noted that the State Bank of India continues to subscribe to Maldivian treasury bills—noting India's sustained financial support. The two sides are expected to sign several MoUs and unveil joint infrastructure and development will be Modi's third state visit to the Maldives and his first since President Mohamed Muizzu assumed visit marks a symbolic and strategic milestone, coinciding with the 60th anniversary of both the Maldives' independence and the establishment of diplomatic relations with India. PM Modi will be the Guest of Honour at the official celebrations.
Times of Oman
3 days ago
- Business
- Times of Oman
EU agrees to start talks with Gulf nations on strategic ties
Brussels: European Union (EU) member states approved the launch of negotiations with six Gulf countries as the bloc seeks to broaden its international partnerships, Bloomberg reported. European affairs ministers gave the green light to the opening of talks aimed at concluding bilateral Strategic Partnership Agreements with Gulf Cooperation Council countries, during a meeting in Brussels on Friday. Negotiations are expected to begin as soon as possible and to address a broad spectrum of issues, including security and energy, as the EU is stepping up efforts to diversify relationships. "Through the Strategic Partnership Agreements, we aim to take our cooperation to the next level," European Commissioner for Mediterranean Dubravka Suica told Bloomberg.
Khaleej Times
3 days ago
- Business
- Khaleej Times
EU agrees to start talks with Gulf nations on strategic ties
European Union member states approved the launch of negotiations with six Gulf countries as the bloc seeks to broaden its international partnerships, Bloomberg reported. European affairs ministers gave the green light to the opening of talks aimed at concluding bilateral Strategic Partnership Agreements with Gulf Cooperation Council countries, during a meeting in Brussels on Friday. Negotiations are expected to begin as soon as possible and to address a broad spectrum of issues, including security and energy, as the EU is stepping up efforts to diversify relationships. 'Through the Strategic Partnership Agreements, we aim to take our cooperation to the next level,' European Commissioner for Mediterranean Dubravka Šuica told Bloomberg.
The National
4 days ago
- Business
- The National
EU sets talks with GCC states on strategic partnerships
The EU on Friday said that it had received the mandate to launch negotiations with the Gulf Co-operation Council's six countries on concluding bilateral strategic partnership agreements. Negotiations will start 'as soon as possible,' the EU Commission, the bloc's legislative arm, said. The complementary agreement negotiations are expected to go ahead with UAE, Bahrain, Kuwait, Oman, Qatar and Saudi Arabia. 'There is huge untapped potential in the EU's relationship with the Gulf region. As of today, we will negotiate bilateral Strategic Partnership Agreements with the six Gulf partners,' the EU's foreign affairs chief, Kaja Kallas, said on Friday. The aim of the strategic partnership agreements 'is to provide for an ambitious, modern, comprehensive and effective framework for bilateral co-operation tailored to the shared priorities and objectives of the EU and each respective GCC partner,' the press statement read. Commissioner for trade and economic security Maros Sefcovic said that the agreements would provide a 'major boost' to trade and investment relations. The negotiations framework includes a wide range of topics, including foreign and security policy, justice and law enforcement, and trade and investment. The EU has also struck strategic partnership agreements with allies including Canada in 2016 and Japan in 2019. Strategic partnership agreements with GCC countries 'will also allow for strengthening our co-operation at regional level to build peace and promote stability and prosperity in the broader Middle East,' said Commissioner for the Mediterranean, Dubravka Suica. The talks will complement existing EU – Gulf co-operation frameworks, including continuing regional and bilateral negotiations on free trade agreements. The EU and GCC have sought in recent years to revive talks on a free-trade agreement that stalled in 2008. In 2023, the EU was the GCC's second largest import partner, at €93.8 billion ($102 billion), and fourth-largest export partner, at €76.3 billion. In April, the UAE and the EU separately agreed to begin talks on a potential free trade deal.
