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Company News, Business, Economy

Oracle shares up 35%

Huge AI contracts lead to the surge.

ADCB to raise $1.66bn

The rights issue aimed at boosting growth.

EGA H1 revenue $4.11bn

Net profit before GAC $445 million.

Borouge to pay $660m H1 dividend

Its net profit for H1 was $474 million.

TAQA secures $2.31bn loan

It will be utilized in a phased manner.

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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