Latest news with #capitaloptimization
Zawya
4 days ago
- Business
- Zawya
Ahlibank's rights issue oversubscribed amid strong shareholder demand
Muscat: In a clear demonstration of market confidence and strategic momentum, ahlibank has successfully concluded its rights issue, which was oversubscribed. The offering comprised of around 357 million shares at a price of 142 Baiza per share (including 2 baisa issue expense per share), attracting robust participation from shareholders and strong interest across the investment community. This outcome reflects the strength of ahlibank's positioning and amplifies its readiness to capitalize on emerging opportunities with greater agility and scale. This landmark completion of ahlibank's rights issue marks a critical milestone, reinforcing the bank's capital position and affirming strong shareholder confidence in its long-term growth agenda. This outcome reflects a clear endorsement of ahlibank's disciplined strategy to accelerate transformation, enhance operational agility, and strengthen its position in an increasingly competitive banking landscape. More than a financial transaction, this initiative deepens alignment between shareholders and the bank's strategic vision – ensuring ahlibank remains well-positioned to deliver sustainable value, drive performance-led growth, and navigate future opportunities with resilience and precision. The rights issue forms part of a broader capital optimization initiative designed to enhance the bank's financial flexibility and underpin its next stage of evolution. The funds raised will be directed toward executing core strategic initiatives while also enabling greater lending capacity to fuel business activity. These efforts will contribute to bolstering capital adequacy ratios, strengthening market resilience, and supporting the bank's objective of delivering superior value across its stakeholder ecosystem. This successful issuance not only reinforces confidence in ahlibank's governance and institutional strength but also highlights the bank's progressive strategy. As the operating environment continues to evolve, ahlibank remains steadfast in its commitment to sustainable growth, disciplined execution, and market leadership. With an enhanced capital structure and a future-oriented approach, the bank is well-equipped to accelerate its performance trajectory and seize value-accretive opportunities across the Sultanate of Oman.
Finextra
28-07-2025
- Business
- Finextra
AccessFintech appoints Sarah Shenton from Goldman Sachs as CEO
AccessFintech, the data network driving capital optimization and greater operational capacity, today announced the appointment of Sarah Shenton as Chief Executive Officer, effective immediately. 0 This strategic leadership change marks a significant step for the company as it positions itself for its next phase of growth. Shenton brings over 20 years of experience in operations, engineering and strategic investing to AccessFintech. Most recently, she led the Value Accelerator at Goldman Sachs' alternative assets business, where she collaborated with leadership teams at high-growth companies to drive scale, operational efficiency and commercial success. A long-time advocate for AccessFintech, Shenton led Goldman Sachs' Series A investment in the company and served as a Board Director from 2018 to 2025. She succeeds John Shay, who has effectively led the company as Interim CEO. John will remain part of the firm as Special Advisor to the CEO, ensuring a seamless transition and offering continued support and industry expertise to the leadership team. 'Sarah brings a rare combination of operational depth, technical insight and strategic vision to the CEO role,' said John Shay. 'Her deep knowledge of our company and industry, alongside her commitment to our mission, will be invaluable as we embark on our next growth phase.' 'I am honored to take on the role of CEO,' said Sarah Shenton. 'We've created a strong foundation and an ecosystem that matters, and now is the time to build on this success and deliver exceptional value to clients. As technology continues to transform markets, I look forward to working with our amazing team to seize the exciting opportunities ahead.' Shenton's appointment follows a unanimous decision by the Board, built on years of close collaboration during her tenure as a Director since 2018. 'Sarah's deep market expertise and long-standing commitment to AccessFintech's vision make her exceptionally well-suited to guide the organization into its next chapter of growth,' said Kevin Marcus, Partner at WestCap, on behalf of the AccessFintech Board. 'We are also deeply grateful to John Shay for his steady leadership as Interim CEO and are pleased he will continue to play an active role on the team as an Advisor.' AccessFintech has built a powerful data and workflow platform —the Synergy Network— that connects and distributes 75+ distinct data sets across 250+ leading financial institutions, enabling real-time collaboration and execution management across the post-trade lifecycle. Under Shenton's leadership, the company will continue to strengthen its role as a critical player in capital markets infrastructure and advance its mission to improve financial operations for clients.
Finextra
10-06-2025
- Business
- Finextra
AccessFintech strengthens leadership team
AccessFintech, the data network driving capital optimization and greater operational capacity, today announced an expanded leadership team to support its next phase of growth and innovation. 0 The new leadership team combines deep industry expertise with proven operational leadership to further advance AccessFintech's mission: transforming financial operations through real-time collaboration, transparency and continuous innovation. Leading the new team is Acting Chief Executive Officer John Shay, who joined the firm in early 2025. Shay brings over 30 years of senior management experience across a broad range of capital markets leaders, including Virtu, Nasdaq, TP ICAP, Broadway Technology (now part of Bloomberg) and Acadia (now part of LSEG). Most recently, John served as CEO of American Financial Exchange (AFX), which was acquired by the Intercontinental Exchange (ICE) in January 2025. 'Over the past nine years, AccessFintech has built a tremendous reputation for quality and innovation among the world's leading financial institutions, who both back us as investors and leverage our solutions as clients,' said Shay. 'Today's announcement of our new leadership team builds on that strong foundation - one defined by industry experience, execution discipline and a deep commitment to our clients - and positions us for our next phase of growth as we work to further scale the business.' In addition to the hiring of Shay, AccessFintech appointed existing business unit heads to the leadership team, including: Chris Daur, Chief Revenue Officer, a former Goldman Sachs Managing Director with over 23 years of experience in financial services, whose deep expertise in post-trade strategy and client solutions is instrumental in driving our client-centric growth agenda. Steve Fazio, Co-founder, has been instrumental since AccessFintech's inception and remains a driving force behind our product vision and innovation strategy. Fazio brings extensive experience across both technology and buy-side operations. Tom Granelli, Chief Product Officer, a former DTCC Managing Director, with extensive experience in capital markets, risk management and financial technology product leadership. Pardeep Cassells, Chief Client Officer, who brings over 15 years of experience, including leadership roles during a decade-long tenure at BNP Paribas. Cassells has successfully built and scaled client success organizations, consistently delivering high-impact results. Rami Kachlon, Chief Technology Officer, who has a proven track record of delivering cutting-edge market infrastructure solutions with a strong emphasis on stability and scalability. Kachlon brings over 20 years of experience in leading technology initiatives across the financial industry. Chris Bujakowski, Chief Financial Officer, who brings over 20 years of experience in corporate finance and business operations. Bujakowski previously led financial strategy and infrastructure buildout at high-growth technology firms, including Thought Machine.
Zawya
26-05-2025
- Business
- Zawya
TeamSec welcomes distinguished finance leaders: Unified leadership, global ambition
TeamSec has appointed three distinguished executives to its Board of Directors, together bringing over 90 years of global experience: Former CEO of ICD Ayman Amin Sejiny, Rasmal Ventures Partner Alex Wiedmer and Neeraj Makin, the Senior Executive Vice President at Emirates NBD. TeamSec is an AI-powered next-generation fintech and regtech company offering solutions in capital optimization and working capital liquidity. Its services are delivered through a fully automated, end-to-end securitization and invoice financing platform. Rapidly becoming a key player in its industry, TeamSec is strengthening its leadership team with executives who have a proven track record on the global stage. In this new era, TeamSec strengthens its leadership with the appointment of Ayman Amin Sejiny as Vice Chairman and the addition of Alex Wiedmer and Neeraj Makin to the Board of Directors. Corporate and Investment Banking: Ayman Amin Sejiny having above 30 years of experience. Ayman Amin Sejiny brings more than 30 years of leadership in corporate and investment banking. He has served as CEO of Barclays Saudi Arabia, Ibdar Bank, Alkhair Bank (formerly Unicorn Investment Bank), and—most recently—the Islamic Corporation for the Development of the Private Sector (ICD), the private-sector arm of the Islamic Development Bank Group, which spans 55 member countries, maintains LOF relationships with 120 banks, and manages a portfolio of private-equity investments. Earlier in his career, Sejiny held corporate-banking roles at Citibank and the Saudi affiliate of ABN AMRO. Throughout these assignments, he has driven strategic growth and forged partnerships in e-commerce, cash-management, and cutting-edge fintech solutions. A Venture Capital Veteran with 25 Years of Experience: Alex Wiedmer Joining TeamSec's Board of Directors, Alex Wiedmer is recognized for his more than 25 years of venture capital experience across Europe, North America, and the MENA region. Currently a Partner and Director at Qatar-based Rasmal Ventures, Wiedmer was previously a long-time partner at Paris-based Iris Capital. During that time, he also served on the investment committee of STC Ventures, a pioneering VC fund in the Gulf region that achieved top decile returns. With a strong track record in venture capital and entrepreneurial finance, Wiedmer has made over 60 investments in more than 50 companies to date. A Strategist Shaping the Future of Banking: Neeraj Makin Another new addition to the Board of Directors is Neeraj Makin, who serves as Group Head of Strategy, Analytics and Venture Capital at Emirates NBD and is a member of the Executive Committee. Makin has shaped the bank's long-term growth strategies and led major acquisitions, including BNP Paribas Egypt and DenizBank in Turkey. He also spearheaded the bank's international expansion by securing branch licenses in Saudi Arabia and India. In addition, he leads the corporate VC fund that invests in advanced analytics centres and promising fintech start-ups. With a background at EY and McKinsey, Makin brings deep expertise in mergers, acquisitions, and business strategy. These appointments to TeamSec's corporate governance team will play a pivotal role in shaping the future infrastructure of capital markets and propelling the company to even greater heights.
Zawya
16-05-2025
- Business
- Zawya
Dubai's Shuaa Capital pivots to Q1 profit following restructuring
Dubai-listed Shuaa Capital PSC swung to a net profit of 196 million dirhams ($53 million) in Q1 2025 from a net loss of AED 94.73 million in the year-ago period following a period of restructuring and capital optimization. The financial and investment services company made a net loss of AED 161 million in the preceding quarter. Accumulated losses now stand at AED 932 million, 25.4% of capital. The losses stem from a host of factors, including investment impairment, receivables write-off, and valuation adjustments at its associate, Eshraq Investments. Revenue was lower at AED 25 million versus AED 30.2 million in Q1 2024. Cost to income ratio improved to 81% in Q1 2025, improving from 129% in the previous quarter. Shuaa Capital's restructuring and capital optimisation strategies included settlement with a major creditor to restructure AED 208 million in outstanding facilities, the conversion and issuance of mandatory convertible bonds (MCBs) totalling AED 274.4 million, which were converted into equity, impairment of legacy assets, and various cost-cutting measures. Meanwhile Abu Dhabi-listed Eshraq Investment posted net loss of AED27 million for Q1, narrowing from a net loss of AED 306 million in the year-ago period. Eshraq is seeking to terminate its management agreement with Shuaa GMC after concerns about the valuation of the Goldilocks Fund. The largest shareholder of Eshraq is Abu Dhabi Financial Group, which was combined with Dubai-listed Shuaa Capital in a reverse merger in 2019, and now holds 18.38% of Eshraq. (Writing by Brinda Darasha; editing by Seban Scaria)
