Latest news with #regulatorycompliance
Tahawul Tech
23-05-2025
- Business
- Tahawul Tech
Seclore's Saudi journey powers regional cybersecurity growth
Uraz Farukh, Vice President – Saudi & Bahrain at Seclore, discusses with the company's decade-long journey in Saudi Arabia at GISEC Global 2025. Farukh shared insights about the evolving cybersecurity landscape, and the role of regulatory compliance in driving market maturity. He also focused on the talent development, regional expansion, and why Saudi and the UAE are leading the Middle East's cyber future.
Arabian Business
17-05-2025
- Business
- Arabian Business
Saudi Arabia warns firms to submit financial statements or face fines
Businesses in Saudi Arabia have just weeks left to submit essential financial information or they face fines. The Ministry of Commerce has urged all companies with a fiscal year ending in December 2024 to submit their financial statements by Monday, June 30, 2025, to prevent financial penalties under the Companies Law. The ministry stated that Article 17 of the Companies Law stipulates that companies must prepare and submit their financial statements within six months of the fiscal year's end, in accordance with national accounting standards. Saudi accounting deadline It also noted that responsibility for submission lies with the company's president, manager, or board chairman, depending on its legal structure. Submitting financial statements ensures regulatory compliance, clarifies company performance and operations, and promotes transparency and good governance. It also helps avoid legal penalties, keeps shareholders and partners informed, and strengthens the company's credibility with lenders and investors. The ministry stressed that failure to prepare or submit financial statements in accordance with the approved standards and legal provisions will result in financial penalties under Article 262 of the Companies Law.
Associated Press
14-05-2025
- Business
- Associated Press
Quva Adds a New, Forward Distribution Center to Its Industry Leading Integrated 503B and Data Services Platform
The company's new Sugar Land, TX distribution facility is the second for Quva, as it expands its 503B forward distribution capabilities and adds another 20,000 sq. ft. of distribution capacity. The forward distribution facilities complement Quva's integrated services platform and are designed to redefine service expectations and create greater resiliency and reliability for Quva's health system and hospital customers. SUGAR LAND, Texas, May 14, 2025 /PRNewswire/ -- QuVa Pharma, Inc. ('Quva') announced today that it has added another forward distribution center to its existing 503B sterile injectable compounded medications platform. Quva now has two dedicated forward distribution facilities, with the new 20,000 sq. ft. distribution facility in Sugar Land, TX providing additional overall capacity beyond that offered by the company's existing 40,000 sq. ft. distribution facility in Phoenix, AZ. Located in close proximity to Quva's Sugar Land, TX manufacturing operations, this new forward distribution center was designed to meet the growing demand for secure, efficient, and compliant product handling and shipping. It enhances the company's supply chain capabilities with cutting-edge infrastructure that supports cold chain and DEA regulatory compliance. This new facility represents a major investment in operational excellence and regulatory compliance and further increases capacity in Quva's production facilities. Furthermore, this distribution facility will be co-located with Quva's new, state-of-the-art IV bag production operations that will implement automated processes that improve bag operations from end-to-end manufacturing—this is scheduled to be operational in the second half of 2026 and increase Quva's overall production capacity to three facilities and over 260,000 across its network. 'Quva is building a new future of reliability and transparency for our industry. This newest distribution center is progress in our mission to provide high quality and effective medications and services to facilitate efficient and accurate delivery of patient care,' said Stuart Hinchen, Quva co-founder and CEO. 'We understand hospitals' need for the right drug at the right time and in the right quantities, and with uncertainties like tariffs and DSCSA implementation being front and center for our customers, this added capability to increase access and reliability is critical to help meet those expectations.' About Quva Quva is a national, industry-leading provider of health-system pharmacy services and solutions, including 503B sterile injectable outsourcing and data software solutions that generate insights to help power the business of pharmacy. The company's Quva Pharma solutions are offered by its FDA-registered 503B outsourcing facilities, which provide hospitals with essential medications in ready-to-administer formats that are critical to effective patient care. Based upon Quva's cGMP and pharmaceutical manufacturing expertise, broad sterile-to-sterile product portfolio, expansive capacity across multiple production facilities leveraging automation and integrated technologies, dedicated forward distribution capabilities, transparent and accountable customer service, and a patient-first safety orientation, its Quva Pharma solutions help hospitals better meet their patient care and operational needs while reducing compliance risk. The company's Quva BrightStream predictive analytics and data insights software solutions provide health systems with the ability to aggregate, normalize, and analyze large amounts of complex data across sites of care. Through a proprietary machine learning and AI platform, complex data is transformed into actionable insights supporting revenue optimization, script capture, inventory management, drug shortage control, and more, enabling health-system pharmacies the clarity to make better decisions. Quva's overall progressive and integrated platform helps health-systems transform pharmacy management to achieve greater value by operating more efficiently and effectively in delivering high-quality patient care. For more information, please visit or follow Quva on LinkedIn at View original content to download multimedia: SOURCE QuVa Pharma, Inc.
Associated Press
14-05-2025
- Business
- Associated Press
Norli Liv & Pension Modernizes Investment Operations with Clearwater Analytics
BOISE, Idaho & CHICAGO & NEW YORK & LONDON--(BUSINESS WIRE)--May 14, 2025-- Clearwater Analytics (NYSE: CWAN), the most comprehensive technology platform for investment management, today announced that Danish pension provider, Norli Liv & Pension, part of the Norli group, has partnered with Clearwater to modernize its investment accounting, reporting and compliance operations. Clearwater will provide Norli with a single, consolidated view of all in-house and outsourced chief investment officer (OCIO) managed holdings across its public and private asset classes—enhancing investment transparency and empowering better, faster decision-making. The platform will also support regulatory compliance through automated workflows and robust, audit-ready reporting. By moving to Clearwater's single instance, multi-tenant platform, Norli Liv & Pension will eliminate multiple legacy platforms, reduce manual work and accelerate its monthly close. The platform's 'single pane of glass' view will provide users across departments with unified access to accurate, timely data and analytics across all asset classes. Additionally, Clearwater's scalability and flexibility will enable Norli to adapt to evolving Danish regulatory reporting requirements in real time. 'Partnering with Clearwater Analytics is a major step forward for our business,' said Peter Trägårdh Christensen, Group Director at Norli Liv & Pension. 'We're adopting a modern solution that simplifies regulatory complexity and enhances the quality of our financial reporting. Clearwater's platform provides the efficiencies needed to innovate, scale confidently and meet client and regulatory reporting expectations with reliable data.' 'We're proud to support Norli Liv & Pension as they modernize their investment operations,' said Keith Viverito, Managing Director EMEA at Clearwater Analytics. 'Their decision highlights a broader shift among pension providers toward data consolidation and automation. With Clearwater, Norli Liv & Pension can streamline operations and confidently navigate Denmark's regulatory landscape. We look forward to being a long-term partner in their continued growth.' Discover how Clearwater Analytics can elevate your investment management strategy and drive operational excellence by speaking to an expert today. About Norli Liv & Pension Norli Group is a Nordic consolidator of traditional guaranteed life and pension products that uniquely offers new customers traditional pension savings as part of their pension scheme. Founded in 1986 as part of Alm. Brand Group (formerly Alm. Brand Life and Pension), the company rebranded to Norli Liv & Pension under new ownership in 2022. Now part of Nordic I&P, which focuses on pension insurance across the Nordics, Norli Liv & Pension aims to be the market leader in traditional pension savings. About Clearwater Analytics Clearwater Analytics (NYSE: CWAN) is transforming investment management with the industry's most comprehensive cloud-native platform for institutional investors across global public and private markets. While legacy systems create risk, inefficiency, and data fragmentation, Clearwater's single-instance, multi-tenant architecture delivers real-time data and AI-driven insights throughout the investment lifecycle. The platform eliminates information silos by integrating portfolio management, trading, investment accounting, reconciliation, regulatory reporting, performance, compliance, and risk analytics in one unified system. Serving leading insurers, asset managers, hedge funds, banks, corporations, and governments, Clearwater supports over $8.8 trillion in assets globally. Learn more at View source version on CONTACT: Media: Claudia Cahill, Head of Communications and PR | +1 208-433-1200 |[email protected] KEYWORD: NORTH AMERICA UNITED STATES UNITED KINGDOM EUROPE DENMARK ILLINOIS IDAHO NEW YORK INDUSTRY KEYWORD: PROFESSIONAL SERVICES DATA MANAGEMENT DATA ANALYTICS TECHNOLOGY SOFTWARE FINTECH ACCOUNTING SOURCE: Clearwater Analytics Copyright Business Wire 2025. PUB: 05/14/2025 03:00 AM/DISC: 05/14/2025 02:59 AM
