Highlights of FY24/25 Half-Year Results Group sales US$1,854 million – down 4% compared to first half of the prior financial year Gross profit US$438 million or 23.6% of sales (compared to US$430 million or 22.2% of sales in the first half of the prior financial year) Adjusted EBITA US$177 million or 9.5% of sales (compared to US$180 million or 9.3% of sales in the first half of […]
Celebrate the Art of Gifting with Sarah Andelman’s First Large-Scale Installation in Asia Featuring Collaborations with 10 Renowned International Artists Join Us at LANDMARK for a Creative Workshop with Japanese Artist-Duo, Ribbonesia, and Collect Limited-Edition Items from FriendsWithYou, Kasing Lung, Mr.A, Nina Chanel Abney—All In Support of Charity Partners Through Hongkong Land HOME FUND HONG KONG SAR – Media OutReach Newswire – 20 November 2024 – This […]
HONG KONG SAR – Media OutReach Newswire – 20 November 2024 – Generali Life (Hong Kong) Limited (“Generali Hong Kong”) has been assigned an Insurer Financial Strength (IFS) Rating of ‘A’ (Strong) by Fitch Ratings, with a ‘Stable’ Outlook. Mr. Alessandro Lavenia, Chief Financial Officer of Generali Hong Kong, said, “This recognition from Fitch Ratings is a major milestone for Generali Hong Kong and a testament to […]
HONG KONG SAR – Media OutReach Newswire – 20 November 2024 – Opportunity London, a new public-private initiative aimed at attracting capital investment to the city, will be heading to the Asia Pacific market for the first time. With a unique prospectus featuring 12 active projects valued at over US$12 billion, it will showcase specific investment opportunities across six asset classes – Low Carbon, Life Sciences, Leisure […]
HONG KONG SAR – Media OutReach Newswire – 19 November 2024 – Global business leaders, policymakers and innovators have dropped anchor in Asia’s world city for Hong Kong Maritime Week 2024 (HKMW) (November 17 – 23), an annual flagship event comprising conferences, exhibitions and networking activities under the broad theme of “Navigating to a Greener Future”. The theme of Hong Kong Maritime Week 2024 is “Navigating to […]
Trend to join and support France’s much-anticipated AI Action Summit in February HONG KONG SAR – Media OutReach Newswire – 19 November 2024 – Trend Micro Incorporated (TYO: 4704; TSE: 4704), a global cybersecurity leader, today announced it will partner with Paris Peace Forum to play a pivotal role in guiding global leaders as they establish secure frameworks for AI adoption and implementation. Committed to advancing security […]
A Hong Kong court has sentenced over 30 prominent pro-democracy activists to prison terms ranging from four to ten years in what has been described as the largest national security case since the imposition of the Beijing-backed security law in 2020. The sentences, handed down on Tuesday, mark a significant moment in the city’s ongoing crackdown on dissent, further diminishing hopes for political freedoms that once defined […]
By Dr. Nilanjan Banik Donald Trump made history by winning a larger share of Black and Hispanic votes compared to 2020, and by becoming the first since George W. Bush to win based on popular votes. There had already been indications of Trump winning, although not by such a decisive margin. Initially, the US betting […]
The AI Lab will collaborate with ecosystem partners including government agencies, research organisations, and technology firms. The Lab will also work with institutes of higher learning to provide local students with hands-on experiences and internships. SINGAPORE – Media OutReach Newswire – 19 November 2024 – Prudential plc (“Prudential”) today launched the Prudential AI Lab in Singapore, with the aim of accelerating the adoption of AI, generative AI […]
A growing number of Saudi companies are now contemplating initial public offerings (IPOs) on the Hong Kong Stock Exchange (HKEX), as part of a broader strategy to diversify their global market presence. This move comes as Saudi Arabia intensifies its push to increase investments and international trade under the Vision 2030 initiative. Companies, particularly those in tech, finance, and energy sectors, are attracted by Hong Kong’s established role as a bridge between the East and the West.
Saudi officials have been increasingly open to collaborating with Hong Kong, with significant efforts to foster bilateral economic ties. Last year, the Saudi Capital Market Authority and Hong Kong’s financial regulators signed an agreement to explore investment opportunities, signaling a concerted effort to deepen economic cooperation. The deal aims to streamline listing processes for Saudi firms on HKEX, offering them access to a broader range of investors and enhancing liquidity options.
HKEX, known for its favorable regulatory environment and its role as Asia’s top IPO venue, has positioned itself as an attractive listing destination for Saudi companies. The exchange’s listing reforms, which simplify the process for foreign firms, have been tailored to attract businesses seeking to expand their market footprint. Furthermore, its proximity to mainland China—home to a burgeoning investment pool—makes it particularly appealing for Saudi companies eyeing the Asian markets.
Several factors are driving Saudi companies to seek listings outside their home market. First, Hong Kong’s international investor base offers access to global capital markets. As the Saudi stock market matures, expanding into Hong Kong provides companies with greater exposure and a diversified shareholder structure. This aligns with the Kingdom’s desire to diversify its economy away from oil dependence, tapping into other industries that are pivotal to its long-term strategy.
Among the key players in this shift is Saudi Aramco, the state-owned oil giant, which has long been a strong contender in international markets. Although Aramco itself is already listed on the Riyadh exchange, its example serves as a precedent for other large state-owned enterprises (SOEs) in Saudi Arabia. There is an expectation that sectors like technology, healthcare, and green energy will be the primary industries to benefit from this push.
Hong Kong has been an appealing destination for IPOs due to its established infrastructure for foreign listings. The exchange provides a well-regulated environment, offers both local and international investors access, and has a relatively stable market compared to other global financial hubs. Moreover, Hong Kong’s legal system, which is based on English common law, offers transparency and protection for foreign investors, further enhancing its attractiveness.
While Saudi Arabia has made considerable strides in building its own financial markets, the global nature of Hong Kong’s market presents distinct advantages. Its exposure to the Asian markets, particularly China, allows Saudi firms to tap into a rapidly growing economic zone. This is seen as a strategic move in response to the shifting dynamics of global investment, with China playing an increasingly dominant role in global finance.
Saudi Vision 2030 has also made foreign investments a priority, and this shift to international IPOs aligns with the Kingdom’s goals to integrate more deeply into the global economy. By encouraging high-profile listings abroad, Saudi Arabia hopes to enhance its credibility on the world stage, attract more foreign direct investments, and boost its non-oil economy.
Arabian Post Staff -Dubai Dubai is positioning itself as a pivotal player in the global gold market, leveraging its unique geographic location, robust infrastructure, and forward-thinking policies. The city has seen a surge in gold trade activity, propelled by geopolitical shifts, increased bullion acquisitions by central banks, and a strategic focus on refining and trading gold to meet evolving market demands.Central banks have significantly boosted their gold […]
Dedicated to Promoting the Development of eVTOL Technology and Boosting the Low-altitude Economy in Hong Kong and the Greater Bay Area of China HONG KONG SAR – Media OutReach Newswire – 18 November 2024 – To support the Hong Kong Government’s initiative to develop the low-altitude economy, the Centre for Intelligent Multidimensional Data Analysis (CIMDA) at the City University of Hong Kong (CityU), a member of the […]
Full-Service Emergency and Inpatient Care Available 365 Days a Year in East Kowloon HONG KONG SAR – Media OutReach Newswire – 18 November 2024 – Peticare Medical Group proudly announces the grand reopening of its fully upgraded Peticare Kowloon East Animal Hospital in Kwun Tong. The 15,000-square-foot facility, upgraded this year, stands as one of Hong Kong’s few comprehensively equipped animal hospitals, providing cutting-edge medical services for […]
HONG KONG SAR – Media OutReach Newswire – 14 November 2024 – The Hong Kong Tourism Board proudly announces that this year’s Wine & Dine Festival attracted 155,000 Hong Kong residents and tourists. The Taste France pavilion was a major highlight, drawing crowds thanks to its engaging booth partners, dynamic activities, and a dedicated area for tastings and discussions. We are thrilled to share outstanding results from […]
Hong Kong’s first spectacular pyrotechnic show at a shopping mall 2,024 dazzling pyrotechnics light up Sha Tin’s night sky A day of exciting free activities, 300 shopping discounts and mega events to boost the local economy HONG KONG SAR – Media OutReach Newswire – 17 November 2024 – In a year that marks the 75th anniversary of the founding of the People’s Republic of China, Sun Hung […]
SINGAPORE – Media OutReach Newswire – 15 November 2024 – TDCX, an award-winning digital customer experience (CX) solutions provider for technology and blue-chip companies, has been honored by the Financial Times (FT) as one of the Best Employers in Asia-Pacific (APAC) 2025. This inaugural award, conducted in partnership with Statista, recognizes TDCX’s commitment to creating an exceptional work environment for its employees. TDCX’s strong workplace practices have […]
SHANGHAI, CHINA – Media OutReach Newswire – 15 November 2024 – Frost & Sullivan released the Emerging Asia-Pacific Big Data Market Research Report, 2024, in October 2024. The report provides an in-depth analysis of the big data market across key emerging markets in the emerging Asia-Pacific region, including Hong Kong SAR, the Philippines, Indonesia, Malaysia, Singapore, Thailand, Bangladesh and Sri Lanka. The report highlights the critical role […]
The 2025 MICHELIN Guide Kuala Lumpur & Penang features a total of 143 establishments, including 56 Bib Gourmand and 80 MICHELIN Selected venues The first-ever MICHELIN Green Star goes to Dewakan, a two-MICHELIN-Starred restaurant The 2025 MICHELIN Guide Kuala Lumpur & Penang features a total of 143 establishments, including 56 Bib Gourmand and 80 MICHELIN Selected venues The first-ever MICHELIN Green Star goes to Dewakan, a two-MICHELIN-Starred […]
HONG KONG SAR – Media OutReach Newswire – 15 November 2024 – Humansa, a recognized thought leader in health management and longevity in Asia, is proud to announce its collaboration with AIA on the “Infinite Health Program” inspired by Humansa’s signature Future Health Program. This innovative program will be delivered at the AIA Wellness Haven powered by Humansa, the first one-stop integrated wellness space in the Hong […]
HONG KONG SAR – Media OutReach Newswire – 16 November 2024 – Hong Kong Accident Lawyers proudly announces the launch of the comprehensive “Hong Kong Traffic Black Spots Database“, aimed at providing drivers and the public with vital data on accident-prone locations across Hong Kong. This platform categorizes traffic black spots by region, including New Territories, Kowloon, Hong Kong Island, and outlying islands, enabling drivers to identify […]
HONG KONG SAR – Media OutReach Newswire – 15 November 2024 – The Elite Programme of Hong Kong Science and Technology Parks Corporation (HKSTP) aims to nurture both local and international tech ventures with high growth potential. With 24 companies currently active in the programme, including 13 home-grown companies and 11 from overseas, the Elite companies span across different industries, including AI & robotics, life and health […]
Shaping Responsible Supply Chains for a Sustainable Future HONG KONG SAR – Media OutReach Newswire – 14 November 2024 – Organised by amfori, a leading global business association for sustainable trade, its highly anticipated flagship event “amfori Asia Sustainability Summit” was concluded with great success yesterday at Hotel ICON in Hong Kong SAR, China. Attracting over a hundred participants from across Asia, this event highlighted the significant […]
HONG KONG SAR – Media OutReach Newswire – 14 November 2024 – OneConnect Financial Technology Co., Ltd (“OneConnect” or the “Company”, NYSE: OCFT, HKSE: 6638), a business technology service provider for financial institutions, announced its results for the first three quarters ending September 30, 2024. 2024 is a pivotal year for OneConnect as it advanced the second phase of its strategy, focusing on “product upgrades, deepening customer […]
Prudential customers now have access to ten cancer clinics, including a one-stop integrated cancer centre at Icon Cancer Centre Singapore HONG KONG SAR – Media OutReach Newswire – 14 November 2024 – Prudential plc (“Prudential”) and Icon Cancer Centre Singapore (“Icon”) today announced a partnership that will provide Prudential’s health customers in Singapore and Indonesia access to outpatient cancer treatment, on a cashless basis[1], at Icon’s clinics […]
