Latest news with #financialsolutions
Zawya
2 days ago
- Business
- Zawya
Sohar International extends OMR63mln consolidated loan facility to Liva Group
Muscat: In line with its commitment to enabling strategic partnerships that support sustainable business growth, Sohar International has signed a consolidated loan agreement with Liva Group, a leading multi-line insurance provider operating across the GCC. The OMR 63 million facility reflects Sohar International's growing role as a trusted financial partner for regional corporates seeking to optimize capital structures and scale with resilience. The signing ceremony took place at Sohar International's Waterfront Office and was attended by Mr. Abdulwahid Mohamed Al Murshidi, Chief Executive Officer of Sohar International, and Mr. Martin Rueegg, Chief Executive Officer of Liva Group. Commenting on the strategic partnership, Mr. Abdulwahid Mohamed Al Murshidi, Chief Executive Officer of Sohar International, stated: 'At Sohar International, we are focused on fostering strategic partnerships that create long-term value. Our agreement with Liva Group is a testament to our commitment to supporting ambitious, high-performing organizations with customized financial solutions that drive sustainable growth. This facility not only enhances Liva's financial flexibility but also reflects our shared commitment for regional progress, innovation, and long-term value creation. We are proud to partner with Liva on its journey to scale, diversify, and lead with purpose.' The facility consolidates Liva's existing borrowings into a single, streamlined structure—reducing financing costs, enhancing cash flow management, and increasing agility in capital deployment across the Group's operations. The agreement also provides a robust financial framework aligned with Liva's long-term growth strategy, particularly as it expands its presence across key regional markets. Mr. Martin Rueegg, Chief Executive Officer of Liva Group, added: 'This agreement is about more than refinancing; it represents a proactive step in strengthening our capital efficiency and readiness for the future. Sohar International stood out as a strategic partner that understands our operational landscape and shares our ambitions around regional integration, digital innovation, and customer-centric growth.' This partnership further strengthens Sohar International's growing regional presence and aligns with its aspirations to support clients expanding into high-growth markets such as the Kingdom of Saudi Arabia—where both institutions share ambitious strategic goals. This partnership further strengthens Sohar International's growing regional presence and aligns with its aspirations to support clients expanding into high-growth markets such as the Kingdom of Saudi Arabia. This collaboration sets the stage for broader financial engagement, including the delivery of advanced, tailored banking solutions that support Liva Group's evolving priorities across its core markets. By forging such strategic alliances, Sohar International reaffirms its position as a trusted partner of choice—empowering clients to unlock growth opportunities, accelerate regional expansion, and contribute meaningfully to the economic transformation of the wider region. About Sohar International Sohar International is Oman's fastest-growing bank, guided by a clear vision to become a world-leading Omani service company that helps customers, communities, and people prosper and grow. With a purpose to help people 'win' by delivering responsive banking for their ever-changing world, the bank offers innovative solutions across Commercial and Investment Banking, Wealth Management, Islamic Banking, and more. Operating with a strong digital-first approach and an expanding regional footprint—including presence in the Kingdom of Saudi Arabia—Sohar International is committed to driving value through strategic partnerships and a dynamic customer experience.
Globe and Mail
3 days ago
- Business
- Globe and Mail
Tri Counties Bank Expands Bay Area Presence with New San Francisco West Portal Branch, Opening in Late Summer 2025
Tri Counties Bank announced the upcoming opening of a new branch in the heart of the West Portal neighborhood of San Francisco, California, at 279 West Portal Avenue. The new West Portal branch will provide local businesses and residents with even greater access to personalized financial solutions, backed by Tri Counties Bank's commitment to exceptional service and local decision making. 'Our focus is to provide West Portal with a superior banking experience through personalized service and a full range of strategic financial solutions,' said Scott Robertson, Senior Vice President and Head of Community Banking. 'Instead of traditional teller lines, the West Portal branch features five relationship desks where you can sit down with a banker who not only processes transactions but also gets to know you. They will suggest customized solutions based upon your specific needs, whether it be buying a home, saving for the future, or growing a business.' The new full-service West Portal branch will also offer dedicated customer parking, lobby hours from Monday – Friday 9 A.M. to 5 P.M., and night drop services. A walk-up ATM will be available 24 hours a day, seven days a week, featuring immediate credit on all cash deposits. It is expected to open in late summer 2025. It was formerly the site of a First Republic Bank branch. The new branch will be led by previous First Republic Bank employees, well known to the West Portal community: Anthony Cuadro, Managing Director of Private Banking Odette B. Dayans, Private Banking Team Lead Suzie Cay, Branch Manager Kim Lamb, Senior Business Banker Wendy Ng, Operations Administrator For more than 50 years, Tri Counties Bank has offered a comprehensive suite of financial solutions that rival those offered by larger banks, but with the flexibility and superior local service that customers deserve. Led by financial experts with deep ties to the community, the new branch will offer tailored financial products and services designed to meet both personal and business needs of the West Portal community. To learn more about the new West Portal branch, visit About Tri Counties Bank Established in 1975, Tri Counties Bank is a wholly-owned subsidiary of TriCo Bancshares (NASDAQ: TCBK), headquartered in Chico, California with corporate offices in Roseville, South San Francisco, and Bakersfield, with assets of nearly $10 billion and 50 years of financial stability. Tri Counties Bank is dedicated to providing exceptional service for individuals and businesses throughout California with more than 75 locations, advanced mobile and online banking, and access to approximately 40,000 surcharge-free ATMs nationwide. As California's Local Bank, Tri Counties Bank prioritizes serving clients with local bankers and local decision-making, backed by corporate philanthropy, community engagement, employee volunteerism and investments. Recognized by various publications as among the Top Workplaces and Best Banks, Tri Counties Bank recruits and retains diverse and talented team members. Visit to learn more. Member FDIC. Equal Housing Lender. NMLS #458732.
Zawya
3 days ago
- Business
- Zawya
Valu receives regulatory nod to launch BNPL services in Jordan
Cairo – The Central Bank of Jordan has granted its initial approval for U Consumer Finance (Valu) to launch buy now, pay later (BNPL) services in Jordan, according to a recent press release. This step marks a significant leap in Valu's regional expansion, reflecting Jordan's dynamic market potential and growing demand for flexible and accessible financial solutions. Valu's advanced BNPL platform offers flexible installment plans for everyday purchases, whether for retail, electronics, healthcare, or other sectors. For merchants and businesses, the BNPL solutions provide an opportunity to expand sales, attract new customers, and build loyalty through seamless integration. Over recent months, Valu entered into strategic partnerships with leading merchants and financial institutions across Jordan to meet regional demand for its BNPL offerings. This expansion into Jordan positions Valu as a regional fintech leader committed to boosting economic vitality, promoting financial inclusion, and empowering communities through responsible, flexible credit solutions. Habiba Naguib, Chief Market Expansion and Strategy Officer of Valu, said: 'Expanding into Jordan with our BNPL services represents a major leap forward, unlocking new opportunities for consumers and merchants alike.' Naguib added: 'The recent listing on the EGX and Amazon's strategic investment reinforce our confidence in our growth trajectory and our commitment to transforming digital finance across the region.'
Khaleej Times
3 days ago
- Business
- Khaleej Times
UAE set to attract 50,000 millionaires over five years, says Wealthbrix Capital CEO
The UAE is poised to attract up to 50,000 new millionaires over the next five years — exceeding projections by global think tanks, according to Rajesh Khanna, CEO of Wealthbrix Capital Partners. 'We are very happy to see the number of 9,800 millionaires coming to the UAE this year because the market was expecting a slightly smaller number. But with this updated projection coming from Henley & Partners, and when compared to UBS' earlier estimate of 30,000 wealthy individuals relocating over the next five years, I am very convinced that this number could reach 45,000 to 50,000 by the end of that period,' Khanna told Khaleej Times in an interview. Wealthbrix Capital Partners, a newly launched independent wealth management firm, is focusing on 'mid-tier millionaires' with investable assets ranging from $5 million to $30 million (Dh18.35 million to Dh110 million). 'These are the people who have got a pool of $55 trillion of total assets under management, globally. This segment is growing the fastest in the Middle East and Asia, and it is underserved by a lot of the traditional wealth management players,' Khanna explained. Highlighting the rising demand for tailored financial solutions, he said: 'In today's world, personalisation and customisation are crucial. Clients looking for these kinds of services are growing at 15 to 30 per cent per year in terms of their wealth. "At the same time, they are expecting much more from their traditional wealth managers. But the fact of the matter is that a lot of the traditional wealth managers are approaching this subject with a one-size-fits-all approach." "What we're offering is access to a full multi-cuisine kitchen, not just a fixed menu. That approach opens up a broader range of options and gives clients a far greater sense of trust and confidence that they're in the right hands," he further explained. Fund launches Founded by a team of seasoned professionals from private banking and asset management backgrounds, Wealthbrix Capital brings together over 150 years of combined experience and a track record of managing over $30 billion (Dh110 billion) in assets across clients in the Middle East, Asia, and Europe. Headquartered at the Dubai International Financial Centre (DIFC), the firm is led by chairman Dr Hamad Buamim, vice-chairman Suvo Sarkar, and CEO Rajesh Khanna. 'This is the Dubai moment — an inflection point where global capital, regional ambition, and client expectations are converging,' said Buamim. Wealthbrix has entered the market as a well-capitalised institution, having secured an eight-figure US dollar equity investment from a strategic mix of global investors, including family offices, a venture capital firm, and angel investors from both the region and abroad. Khanna highlighted the supportive regulatory environment in the DIFC as a key factor enabling growth in asset management. 'There is a big opportunity for asset management because regulation and the regulators are very supportive of these wealth managers coming in and domiciling these funds in the DIFC,' he said. "We're tied very well with the broader vision of the regulator and the authorities. We will be launching different funds. By the end of this month or beginning of August, we'll be launching our first fund, and then there is a roadmap that we chalked out to launch 2-3 funds over a couple of months,' he added, noting: 'We think globally, but operate locally, drawing on the deep expertise we bring to the region." Wealthbrix aims to reach $7 billion in assets under management within five years. Khanna also noted that a growing number of family-owned businesses are relocating to the UAE, either in full or by establishing regional arms.
Globe and Mail
6 days ago
- Business
- Globe and Mail
Upbound Group, Inc. Announces Timing of Second Quarter 2025 Financial Results
Upbound Group, Inc. (the "Company" or "Upbound") (NASDAQ: UPBD), a technology and data-driven leader in accessible and inclusive financial solutions that address the evolving needs and aspirations of underserved consumers, today announced that it will report financial results for the second quarter of 2025 before the market open on July 31, 2025, followed by a conference call beginning at 9:00 a.m. ET to discuss the results. Interested parties can access a live webcast of the conference call via this link ( webcast link). The webcast and presentation materials will also be available on the Company's investor relations website at A replay will be available beginning July 31, at 1:00 p.m. ET. About Upbound Group, Inc. Upbound Group, Inc. (NASDAQ: UPBD), is a technology and data-driven leader in accessible and inclusive financial solutions that address the evolving needs and aspirations of underserved consumers. The Company's customer-facing operating units include industry-leading brands such as Acima®, Brigit™, and Rent-A-Center® that facilitate consumer transactions across a wide range of store-based and digital channels, including approximately 2,300 company branded retail units across the United States, Mexico and Puerto Rico. Upbound Group, Inc. is headquartered in Plano, Texas. For additional information about the Company, please visit our website
