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Company News, Business, Economy

Eni profit falls due to dip in oil prices

Q2 net profit fell by 18% to $637 million.

Emirates NBD H1 profit $3.40bn

Total income rose by 12 percent in the same period.

ADIB H1 pre-tax profit $1.08bn

Q2 pre-tax net profit increases by 14 percent.

AstraZeneca to invest $50bn in US

Bulk of funds to go into a Virginia manufacturing center.

UAB net profit up by 50% for H1

Total assets increase by 11 percent.

Investcorp buys stake in SEC Newgate

The overarching objective of the climate solutions platform is to accelerate the global transition to a zero-carbon economy.
By TRENDS Desk
July 3, 2023 9:10 pm
  • SEC Newgate's other shareholders will roll over 100 percent of their equity investment as part of the transaction.
  • The deal values Milan- headquartered SEC Newgate at over US$250 million, an Investcorp statement said.

MANAMA, BAHRAIN  –   Alternative investment firm Investcorp said it will invest US$100 million for a majority stake in SEC Newgate – a strategic communications and advocacy group.

The deal values Milan- headquartered SEC Newgate at over US$250 million, an Investcorp statement said.

SEC Newgate’s other shareholders will roll over 100 percent of their equity investment as part of the transaction.

Investcorp’s investment will help SEC Newgate expand in EMEA and the APAC region through both organic growth and M&A.

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