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  • INCREASING THE CAPITAL OF INVESTMENT HOLDING BY ADDING THE SHARES RESULTING FROM THE ACQUISITION OF

    May 08, 2022. DOHA. Qatar Central Securities Depository has increased the capital of Investment Holding Group by adding the shares resulting from the acquisition of Elegancia Group, which equals to 2,574,037,500 shares. The new capital is now 3,404,037,500 shares. Please note that no change in the Index Free Float for Investment Holding Group (IGRD), used in QE Index and QE All Share Index, QE All Share Industrials Index and QE Al Rayan Islamic Index.

  • Morgan Stanley Infrastructure Partners Completes Investment in StraitNZ

    March 31, 2022. NEW YORK. Morgan Stanley Infrastructure Partners invests in a diverse range of infrastructure assets predominantly located in OECD countries. The team seeks to create value through active asset management and operational improvements. Investment funds managed by Morgan Stanley Infrastructure Partners (“MSIP”), a private infrastructure team within Morgan Stanley Investment Management, announced today that they have acquired StraitNZ Holdings Limited (“StraitNZ” or the “Company”). “We are excited to acquire the leading independent freight transportation solution across the Cook Strait,” Mark McLean StraitNZ is a ferry and logistics operator that manages multiple daily freight and passenger services across the Cook Strait in New Zealand. StraitNZ is one of only two Cook Strait ferry operators, connecting New Zealand’s national highway system from the North Island, where approximately 77% of New Zealand’s population resides, to the South Island, where the remainder of the population lives. With more than 90% of New Zealand’s freight being distributed via road and imports becoming increasingly concentrated at North Island ports, these ferries represent essential transportation infrastructure for the New Zealand logistics supply chain, with strong barriers to entry provided via long-term port leases, dedicated berthing facilities and geographic constraints on the creation of additional port capacity. “We are excited to acquire the leading independent freight transportation solution across the Cook Strait,” says Mark McLean, Managing Director and Head of Asia Pacific Investing for MSIP. “Structural shifts towards higher e-commerce activity, as well as strong secular trends within New Zealand, all support the increasingly critical nature of the asset.” About Morgan Stanley Infrastructure Partners Morgan Stanley Infrastructure Partners (“MSIP”) is a leading global private infrastructure investment platform with over $16 billion in assets under management1. Founded in 2006, MSIP has invested in a diverse portfolio of over 30 investments across transport, digital infrastructure, energy transition and utilities. MSIP targets assets that provide essential public goods and services with the potential for value creation through active asset management. For further information about Morgan Stanley Infrastructure Partners, please visit www.morganstanley.com/im/infrastructurepartners.

  • CBA reports third quarter cash profits of $2.4 billion as the economic momentum remains strong

    May 12, 2022. MELBOURNE. Disciplined execution on the Group’s strategy including continued growth across CommBank’s core banking businesses and sound credit quality underpinned the latest quarterly performance. Continuing focus on disciplined operational performance coupled with volume growth across the Group’s core banking businesses has seen Commonwealth Bank deliver an unaudited cash profit of $2.4 billion for the third quarter of the 2022 financial year. The Bank’s result included a steady operating performance and volume growth compared to the quarterly average of the first half of FY22. This was led by household and business deposits (up $8.5 billion and $2.2 billion respectively), home lending (up $6.9 billion) and business lending (up $3 billion). Operating expenses were 2 per cent lower. The outcome also reflected the continued improvement in economic conditions as the impact of the COVID-19 pandemic fades and investment picks-up, particularly in the business sector and as a consequence of higher government and consumer spending. “Looking ahead, we are well positioned to support business investment to build Australia’s future economy” Matt Comyn Matt Comyn, CBA’s CEO said: “The March quarter underlined the disciplined execution of the Group’s strategy, focused on our core banking franchises, which delivered continued volume growth, sound portfolio credit quality and ongoing support for our customers and communities, in particular to those most affected by extreme weather events in many parts of the country including the catastrophic East Coast floods and WA bushfires.” Another feature of the quarter was the Group’s strong balance sheet settings, a period in which CBA paid $3 billion in half-year dividends to shareholders, added Mr Comyn. As for the previously announced on-market share buy-back of up to $2 billion, this will be conducted across the remainder of the 2022 calendar year. In the meantime, CBA last week obtained regulatory approval from the China Banking and Insurance Regulatory Commission in respect of the partial sale of shares in the Bank of Hangzhou, a transaction that was disclosed in March. “Looking ahead, we are well positioned to support business investment to build Australia’s future economy,” said Mr Comyn. “Through disciplined execution of our strategic agenda, we will continue to deliver for our customers, communities and shareholders as we build tomorrow’s bank today.” Loan impairment expenses remained low in the quarter to 31 March 2022 with a lower level of troublesome and impaired assets as a proportion of Total Committed Exposures (TCE), down $200 million in the quarter to $6.6 billion or 0.51 per cent of TCE. Consumer arrears, as measured by payments by customers on personal loans, credit card borrowings and home loans that are outstanding by three months or more, remained low. Total credit provisions amounted to $5.7 billion as the group continues to adopt a cautious approach to managing potential risks, including higher interest rates, inflationary pressures and supply chain disruptions. “Through disciplined execution of our strategic agenda, we will continue to deliver for our customers, communities and shareholders as we build tomorrow’s bank today.” Matt Comyn The Group’s Common Equity Tier 1 (Level 2) ratio, which is the measurement used by regulators to gauge the financial strength of banks, stood at 11.1 per cent at the end of the quarter. This was down slightly since the half year result after taking into account the payment of $3 billion in dividends to the Group’s 870,000 shareholders. Operationally, the combination of growth and higher non-interest income, driven in part by Treasury earnings, helped offset a lower net interest margin (NIM) caused by elevated swap rates, mix effects and on-going lending competition. Volume growth saw business lending grow at ~1.5 times system during the 12 months to March, household and business deposits was above system and home lending in line with system.

  • 10th Annual Vertical Cities

    June 27-29, 2022. SINGAPORE. Reimagining High Rises to be Self-sufficient and Nurturing Communities in the Sky Reimagining the role of central business districts in adapting to the people shifting attitude towards cities in the next normal, designing use-neutral tall buildings, with a focus on reducing redundancies and re-appropriating existing buildings, creating novel hybrid environments, incorporating green and social democratic spaces, and integrating sustainable modes of transport is key. Vertical Cities provides a one stop platform to gain a holistic understanding of skyscraper development today. Witness leading architects and sustainability experts participate to engage and discuss the strategies and challenges to counter in creating livable urban communities. “It is not the strongest of the species that survives, nor the most intelligent that survives. It is the one that is most adaptable to change.” Darwin Speakers Include Marshall Strabala Founder & Design Partner Strabala + Architecture, China & USA Dr Andy Bow Senior Partner, Deputy Head of Studio Foster + Partners, UK David Wallance Founder DRA/W, New York, USA Benjamin Piper Associate Partner, Design Principal Killa Design, UAE Wolf D. Prix Co-founder, Design Principal and CEO COOP HIMMELB(L)AU Michael W. Bischoff Partner Pei Cobb Freed & Partners, New York, USA Astrid Piber Partner UNStudio, Amsterdam, The Netherlands Ahmad Abdelrazaq Senior Executive Vice President Samsung C&T Corporation, Seoul, South Korea Key Sessions Strabala + Architecture, China & USA Social Cohesion and Community within Vertical Cities by Integrating Collaborative Communal Spaces in the Sky Foster + Partners, UK Sustainable Future City Planning Büro Ole Scheeren Transformative Architecture and Verticality DRA/W, New York, USA Making High Rise Affordable by Leveraging Prefab Modular Construction Pei Cobb Freed & Partners, New York, USA Beyond the Point Tower: Creating a Livable City at Height Samsung C&T Corporation, Seoul, South Korea Pushing the Boundaries of Concrete Technology for Ultra High Rise Developments

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