PIF

CLASSERA CLOSES ONE OF THE LARGEST EDTECH SERIES A GLOBALLY, A $40M ROUND LED BY SANABIL

Retrieved on: 
Thursday, October 27, 2022
HP, Public Investment Fund, Ministry of Education (Singapore), Growth, LSP, SAN, Payment, Udemy, Ecosystem, VC, Learning, University, A.I, Solution, Industry, Microsoft, Zoom, Company, Artificial intelligence, CEO, GESS, PIF, Collaboration, Social learning, ERP, Multimedia, USD, Intel, Financial services, Tutoring, Amazon, Education, Educational technology, Educational technology, Silicon

The round also mark's the largest funding round ever in Edtech, in MENA and most of Africa.

Key Points: 
  • The round also mark's the largest funding round ever in Edtech, in MENA and most of Africa.
  • The round was led by Sanabil Investments, wholly owned company by Public Investment Fund ("PIF"), accompanied by Global Ventures, Endeavor Catalyst, 500 Global, Sukna Venture, and Seedra Ventures.
  • The round additionally included a diverse set of investors from Silicon Valley, emerging markets, and global family offices.
  • Classera is the largest Edtech company in MENA and most of sub-Saharan Africa, educating millions of learners in over 30 countries.

CLASSERA CLOSES ONE OF THE LARGEST EDTECH SERIES A GLOBALLY, A $40M ROUND LED BY SANABIL

Retrieved on: 
Thursday, October 27, 2022
HP, Public Investment Fund, Ministry of Education (Singapore), Growth, LSP, SAN, Payment, Udemy, Ecosystem, VC, Learning, University, A.I, Solution, Industry, Microsoft, Zoom, Company, Artificial intelligence, CEO, GESS, PIF, Collaboration, Social learning, ERP, USD, Intel, Financial services, Tutoring, Amazon, Education, Educational technology, Educational technology, Silicon

The round also mark's the largest funding round ever in Edtech, in MENA and most of Africa.

Key Points: 
  • The round also mark's the largest funding round ever in Edtech, in MENA and most of Africa.
  • The round was led by Sanabil Investments, wholly owned company by Public Investment Fund ("PIF"), accompanied by Global Ventures, Endeavor Catalyst, 500 Global, Sukna Venture, and Seedra Ventures.
  • The round additionally included a diverse set of investors from Silicon Valley, emerging markets, and global family offices.
  • Classera is the largest Edtech company in MENA and most of sub-Saharan Africa, educating millions of learners in over 30 countries.

IMAX AND AMC CINEMAS EXPAND PARTNERSHIP WITH AGREEMENT FOR SIX NEW IMAX LOCATIONS IN SAUDI ARABIA

Retrieved on: 
Thursday, October 27, 2022
Public Investment Fund, NYSE, IMAX Corporation, NASCAR 3D: The IMAX Experience, SCC, Laser, Interim, DMR, YouTube, SEVEN, Architecture, Technology, AMC Theatres, Culture, City, Company, Tourism, Partnership, CEO, PIF, IMAX 3D, IMAX DMR, Film, Hong Kong Stock Exchange, AMC, Entertainment, Instagram, IMAX, Kingdom, Facebook, Twitter

NEW YORK and RIYADH, Saudi Arabia, Oct. 27, 2022 /PRNewswire/ -- IMAX Corporation (NYSE: IMAX) and Saudi Cinema Company, operating as AMC Cinemas, today announced plans to further expand their longstanding partnership with an agreement for six new, state-of-the-art IMAX® with Laser systems in key entertainment complexes throughout the country. IMAX and AMC Cinemas already have three locations in operation in Saudi Arabia, and the new deal will grow their partnership to a planned 18 screens in 12 cities across the country.

Key Points: 
  • NEW YORK and RIYADH, Saudi Arabia, Oct. 27, 2022 /PRNewswire/ --IMAX Corporation (NYSE: IMAX) and Saudi Cinema Company, operating as AMC Cinemas, today announced plans to further expand their longstanding partnership with an agreement for six new, state-of-the-art IMAX with Laser systems in key entertainment complexes throughout the country.
  • IMAX and AMC Cinemas already have three locations in operation in Saudi Arabia, and the new deal will grow their partnership to a planned 18 screens in 12 cities across the country.
  • SCC will build on the success of the partnership and continue to provide world-class cinema-going experiences in Saudi Arabia.
  • IMAX, IMAX Dome, IMAX 3D, IMAX 3D Dome, Experience It In IMAX, The IMAX Experience, An IMAX Experience, An IMAX 3D Experience, IMAX DMR, DMR, Filmed For IMAX, IMAX LIVE, IMAX Enhanced, IMAX nXos and Films to the Fullest, are trademarks and trade names of the Company or its subsidiaries that are registered or otherwise protected under laws of various jurisdictions.

Eros Media World Announces Association with Ministry of Investment in Kingdom of Saudi Arabia (MISA)

Retrieved on: 
Wednesday, October 26, 2022
Technology, Entertainment, Film & Motion Pictures, Web3, ACT, Education, Future Investment Initiative, Growth, Robotics, Media, Ministry of Investment (Saudi Arabia), Sustainability, Centre for Artificial Intelligence and Robotics, NYSE, PIF, Program, Music, Investment, FII, Vision 2030, Partnership, Technology, Company, Public Investment Fund, Industry, Eros Now, Ecosystem, OTT, Association, Television, Artificial intelligence, Chief executive officer, Solution, MISA, Renewable energy, Weapon, Health care, Kingdom

Eros Media World PLC ("ErosMedia", "Eros" or the "Company") (NYSE: EMWP), a global Indian media and entertainment company, has announced an association with the Ministry of Investment in Kingdom of Saudi Arabia (MISA) to develop investment opportunities and projects in the region.

Key Points: 
  • Eros Media World PLC ("ErosMedia", "Eros" or the "Company") (NYSE: EMWP), a global Indian media and entertainment company, has announced an association with the Ministry of Investment in Kingdom of Saudi Arabia (MISA) to develop investment opportunities and projects in the region.
  • As a part of this association, MISA will assist ErosMedia in its expansion in Saudi Arabia.
  • Commenting on the association, Pradeep Dwivedi, Group CEO, Eros Media World, says, "We are thrilled to partner with the Ministry of Investment in the Kingdom of Saudi Arabia (MISA) in its vision to accelerate reforms in the kingdom.
  • The Ministry of Investment of Saudi Arabia (MISA) is facilitating access to these opportunities by developing a vibrant cross-government investment ecosystem, while supporting businesses throughout their investment journey.

Results of largest-ever carbon credit sale and other major announcements take place on second day of FII

Retrieved on: 
Wednesday, October 26, 2022
Education, Blue, Sale, Future Investment Initiative, Health care, Robotics, Fruit, Agriculture, Science, ESG, VCM, Sustainability, Organization, Republic, Carbon, Research, PIF, Investment, FII, Institute, Artificial intelligence, Technology, Sport, Arm, Social, Science and technology in Asia, List of Muslim states and dynasties, CEO, Jordan, Sultan of Oman's Armed Forces, National economy, Kingdom, Saudi Aramco, USD, Solution, CO2, Social Security Government Pension Offset, Renewable energy, Pulse

RIYADH, Saudi Arabia, Oct. 26, 2022 /PRNewswire/ -- The second day of the sixth edition of the Future Investment Initiative (FII) saw the successful auction of the largest-ever carbon credit sale, major announcements, the signing of key deals, and stimulating discussions about a range of trending topics.

Key Points: 
  • RIYADH, Saudi Arabia, Oct. 26, 2022 /PRNewswire/ -- The second day of the sixth edition of the Future Investment Initiative (FII) saw the successful auction of the largest-ever carbon credit sale, major announcements, the signing of key deals, and stimulating discussions about a range of trending topics.
  • Fifteen Saudi and regional entities took part in the largest-ever carbon credit sale, and credits were purchased by companies including Aramco, Olayan Financing Company and Saudi Arabian Mining Company.
  • The FII Institute is also investing USD 500,000 in Seafood Souq, featured in the United Nations Ocean Decade Special edition.
  • The Future Investment Initiative (FII) Institute is a new global nonprofit foundation with an investment arm and one agenda: Impact on Humanity.

Results of largest-ever carbon credit sale and other major announcements take place on second day of FII

Retrieved on: 
Wednesday, October 26, 2022
Education, Blue, Sale, Future Investment Initiative, Health care, Robotics, Fruit, Agriculture, Science, ESG, VCM, Sustainability, Organization, Republic, Carbon, Research, PIF, Investment, FII, Institute, Artificial intelligence, Technology, Sport, Arm, Social, Science and technology in Asia, List of Muslim states and dynasties, CEO, Jordan, Sultan of Oman's Armed Forces, National economy, Kingdom, Saudi Aramco, USD, Solution, CO2, Social Security Government Pension Offset, Renewable energy, Pulse

RIYADH, Saudi Arabia, Oct. 26, 2022 /PRNewswire/ -- The second day of the sixth edition of the Future Investment Initiative (FII) saw the successful auction of the largest-ever carbon credit sale, major announcements, the signing of key deals, and stimulating discussions about a range of trending topics.

Key Points: 
  • RIYADH, Saudi Arabia, Oct. 26, 2022 /PRNewswire/ -- The second day of the sixth edition of the Future Investment Initiative (FII) saw the successful auction of the largest-ever carbon credit sale, major announcements, the signing of key deals, and stimulating discussions about a range of trending topics.
  • Fifteen Saudi and regional entities took part in the largest-ever carbon credit sale, and credits were purchased by companies including Aramco, Olayan Financing Company and Saudi Arabian Mining Company.
  • The FII Institute is also investing USD 500,000 in Seafood Souq, featured in the United Nations Ocean Decade Special edition.
  • The Future Investment Initiative (FII) Institute is a new global nonprofit foundation with an investment arm and one agenda: Impact on Humanity.

FII 6th Edition kicks off with pioneering conversations on economy and investment

Retrieved on: 
Wednesday, October 26, 2022
Carbon, BTG Pactual, Education, International trade, Global Changemakers, Future Investment Initiative, Health care, Development, Bridgewater Associates, Robotics, Mubadala Investment Company, ESG, Organization, Sustainability, Ministry of Investment (Saudi Arabia), CNN, PIF, Founder CEO, Yasir Al-Rumayyan, Orbital Insight, FII, The Blackstone Group, Goldman Sachs, Arm, Social, JPMorgan Chase, Board, CEO, African Rainbow Minerals, Chief executive officer, Artificial intelligence, Climate change, CIO, Kool-Aid, HE, Social Security Government Pension Offset, Renewable energy, Management, Investment, ENGIE

CEO of the FII Institute, Richard Attias, opened the conference with a promising message on the importance of sustainability and inclusivity.

Key Points: 
  • CEO of the FII Institute, Richard Attias, opened the conference with a promising message on the importance of sustainability and inclusivity.
  • He said, "Our world is facing unprecedented threats, but it is also a unique time of new opportunities.
  • FII 6th Edition will end on 27 October, with more key announcements and vital conversations taking place over the next two days.
  • The Future Investment Initiative (FII) Institute is a new global nonprofit foundation with an investment arm and one agenda: Impact on Humanity.

FII 6th Edition kicks off with pioneering conversations on economy and investment

Retrieved on: 
Wednesday, October 26, 2022
Carbon, BTG Pactual, Education, International trade, Global Changemakers, Future Investment Initiative, Health care, Development, Bridgewater Associates, Robotics, Mubadala Investment Company, ESG, Organization, Sustainability, Ministry of Investment (Saudi Arabia), CNN, PIF, Founder CEO, Yasir Al-Rumayyan, Orbital Insight, FII, The Blackstone Group, Goldman Sachs, Arm, Social, JPMorgan Chase, Board, CEO, African Rainbow Minerals, Chief executive officer, Artificial intelligence, Climate change, CIO, Kool-Aid, HE, Social Security Government Pension Offset, Renewable energy, Management, Investment, ENGIE

CEO of the FII Institute, Richard Attias, opened the conference with a promising message on the importance of sustainability and inclusivity.

Key Points: 
  • CEO of the FII Institute, Richard Attias, opened the conference with a promising message on the importance of sustainability and inclusivity.
  • He said, "Our world is facing unprecedented threats, but it is also a unique time of new opportunities.
  • FII 6th Edition will end on 27 October, with more key announcements and vital conversations taking place over the next two days.
  • The Future Investment Initiative (FII) Institute is a new global nonprofit foundation with an investment arm and one agenda: Impact on Humanity.

Unifonic Announces Acquisition of Sestek, Further Diversifying Its Offerings and Expanding Its Geographical Reach as a Leading Customer Engagement Company

Retrieved on: 
Thursday, October 13, 2022
SoftBank Group, Growth, PIF, Partnership, Technology, Acquisition, CEO, Unifon

The acquisition provides Unifonic with immediate access to Sestek's suite of cutting-edge "Conversational AI and Analytics" solutions and a strong base of existing clients and partners. Sestek's offerings complement Unifonic, and the combined capabilities will result in a more holistic customer engagement offering to their global customers.

Key Points: 
  • Sestek's current customers include large enterprises (including banks and financial services), global contact center technology and business process outsourcing providers.
  • The company has over 140 employees which includes a strong team of 100+ R&D and technology specialists.
  • Unifonic and Sestek share a commitment to becoming the preferred customer engagement partner for leading businesses globally.
  • Ahmed Hamdan, Unifonic Co-Founder and CEO, said, "Unifonic and Sestek share an ongoing commitment to disrupting the fast-growing and evolving customer engagement space.

Saudi Arabia Coffee Market Report 2022: Rising Number of Initiatives to Increase Coffee Production in Saudi Arabia Presents Opportunities - ResearchAndMarkets.com

Retrieved on: 
Friday, October 14, 2022
Food, Beverage, Retail, Traction, Urbanization, Government, Growth, SAR, Distribution, VPS, CAGR, Farmer, Drink, PIF, Program, Vision 2030, Industry, US, Market share, Coffee, Public Investment Fund, COVID-19

The Saudi Arabia coffee market share was valued at US$ 1,575.52 million in 2021 and is projected to reach US$ 2,220.70 million by 2028.

Key Points: 
  • The Saudi Arabia coffee market share was valued at US$ 1,575.52 million in 2021 and is projected to reach US$ 2,220.70 million by 2028.
  • Coffee is replacing many traditional beverages as a central part of the modern lifestyle in many regions of Saudi Arabia.
  • In addition, the rising popularity of cafe culture in the country further promotes the Saudi Arabia coffee market.
  • Therefore, various initiatives to increase coffee production in Saudi Arabia are expected to offer lucrative opportunities for the growth of the coffee market in the country during the forecast period.