Latest news with #UIB
Business Times
6 days ago
- Business
- Business Times
Joint venture by Boustead Projects' unit clinches JTC tender to develop industrial facility on Tukang Innovation Drive site
[SINGAPORE] A joint venture of Boustead Projects' wholly owned subsidiary was awarded a tender by JTC Corporation on Friday (May 30) to develop an industrial facility on a land parcel under the Industrial Government Land Sales Programme. The subsidiary, BP-Innovue, is the real estate solutions division of mainboard-listed Boustead Singapore. The land parcel – known as Tukang Innovation Drive Plot A – spans 18,687 square metres, with a proposed allowable gross floor area of 46,717.5 sq m. Designated as a Business 2 zone, the site will be developed into a multi-user industrial facility with heavy vehicle parking. Strata subdivision is permitted for the development. This marks the first development project that has been secured since vertically integrated Pan-Asian logistics and industrial real estate platform UIB was formed in March, noted Boustead. UIB will be jointly providing development management services to deliver this project. A NEWSLETTER FOR YOU Tuesday, 12 pm Property Insights Get an exclusive analysis of real estate and property news in Singapore and beyond. Sign Up Sign Up Launched by JTC in December 2024, the land parcel is the first site under the Industrial Government Land Sales Programme to be awarded with an additional three years of lease, under recent enhancements to the industrial land lease framework. The 33-year land lease tenure will allow businesses to utilise a full 30-year intended lease term. Boustead said the development of the site is not expected to have a material impact on the profitability, earnings per share and net tangible asset value per share of the group in the current financial year ended Mar 31, 2026. It added that none of the directors or controlling shareholders of the company has any interest, direct or indirect, in the tender and acceptance letter. Shares of Boustead closed at S$1.11, down S$0.03 or 2.6 per cent on Friday, before the announcement.
African Manager
28-03-2025
- Business
- African Manager
Tunisia: UIB announces profit of 85 million dinars and proposes dividend of 0.850 dinars
The Union Internationale de Banques (UIB) announced on Thursday that its Board of Directors, meeting on March 3, 2025, approved the individual and consolidated financial statements of the Bank for the financial year 2024. The individual financial statements show a positive equity of 1 billion dinars, including the profit for the year of 85.7 million dinars, against 126.6 million dinars in 2023, a decrease of about 32%. The Board of Directors will therefore propose to the Annual General Meeting to be held on Wednesday April 30, 2025 the distribution of a total dividend of 29.3 million dinars, corresponding to a dividend of 0.850 dinars per share or investment certificate, the same as last year.
African Manager
08-02-2025
- Business
- African Manager
Tunisia: Société Générale abandons plans to sell its stake in UIB
The Union Internationale de Banques (UIB) announced that during its Board of Directors meeting held on February 7, 2025, Société Générale—which holds a 52.34% stake in UIB—recalled that it had been exploring various strategic options since June 2023, including the possibility of selling its shares in UIB. After carefully assessing market opportunities and conditions, Société Générale has decided, in the current context, to focus its efforts on strengthening UIB's positioning, driving its transformation, and supporting its growth to serve the Tunisian economy, with the backing of its co-shareholders. The Board of Directors was informed that Société Générale will remain attentive to market developments and open to any opportunities that align with its strategic objectives and the interests of UIB and its various stakeholders.
