Saudi National Bank

Techstars, Saudi National Bank and MCIT Announce Two Founder Catalyst Programs in Saudi Arabia

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Monday, June 26, 2023
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Techstars, the world’s most active pre-seed investor, the Saudi National Bank (SNB) and the Saudi Ministry of Communication and Information Technology (MCIT), announced today the launch of two Techstars Founder Catalyst programs in Jeddah and Al Ahsa.

Key Points: 
  • Techstars, the world’s most active pre-seed investor, the Saudi National Bank (SNB) and the Saudi Ministry of Communication and Information Technology (MCIT), announced today the launch of two Techstars Founder Catalyst programs in Jeddah and Al Ahsa.
  • The Techstars Founder Catalyst Jeddah / Al Ahsa is a 10-week hybrid program with two distinct cohorts based out of Jeddah and Al Ahsa in Saudi Arabia.
  • “Saudi Arabia has an emerging and dynamic startup community,” said Techstars CEO Maëlle Gavet.
  • Past Techstars Founder Catalyst programs have resulted in hundreds of business and investor connections and seeded countless relationships between participants and mentors.

Saudi Arabia Data Center Market to Surpass Investment of $2 Billion by 2028, the Region is Witnessing Major Cloud Investments from Microsoft, Google, Alibaba, Oracle, & Huawei - Arizton

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Wednesday, May 10, 2023
National Center for e-Learning, Exim Bank, Amazon Web Services, National Commercial Bank, Huawei, Microsoft, National bank, Information security operations center, Credit bureau, ICT, Saudi National Bank, Investment, City, Growth, Research, Ali Baba, AWS, Arms industry, Cryptocurrency, Oracle

In 2022, Dammam, Riyadh, and Jeddah were the major data center investment destinations in Saudi Arabia.

Key Points: 
  • In 2022, Dammam, Riyadh, and Jeddah were the major data center investment destinations in Saudi Arabia.
  • The rising adoption of cloud-based services is helping the growth of retail and wholesale colocation services in the market.
  • Market size available in the investment, area, power capacity, and the Saudi Arabia colocation market revenue.
  • During the forecast period, a detailed study of the existing market landscape, an in-depth industry analysis, and insightful predictions about the Saudi Arabia data center market size.

Saudi Arabia Data Center Market to Surpass Investment of $2 Billion by 2028, the Region is Witnessing Major Cloud Investments from Microsoft, Google, Alibaba, Oracle, & Huawei - Arizton

Retrieved on: 
Wednesday, May 10, 2023
National Center for e-Learning, Exim Bank, Amazon Web Services, National Commercial Bank, Huawei, Microsoft, National bank, Information security operations center, Credit bureau, ICT, Saudi National Bank, Investment, City, Growth, Research, Ali Baba, AWS, Arms industry, Cryptocurrency, Oracle

In 2022, Dammam, Riyadh, and Jeddah were the major data center investment destinations in Saudi Arabia.

Key Points: 
  • In 2022, Dammam, Riyadh, and Jeddah were the major data center investment destinations in Saudi Arabia.
  • The rising adoption of cloud-based services is helping the growth of retail and wholesale colocation services in the market.
  • Market size available in the investment, area, power capacity, and the Saudi Arabia colocation market revenue.
  • During the forecast period, a detailed study of the existing market landscape, an in-depth industry analysis, and insightful predictions about the Saudi Arabia data center market size.

CREDIT SUISSE 72 HOUR DEADLINE ALERT: Former Louisiana Attorney General and Kahn Swick & Foti, LLC Remind Investors With Losses in Excess of $1,000,000 of Lead Plaintiff Deadline in Class Action Lawsuits Against Credit Suisse Group AG - CS

Retrieved on: 
Saturday, May 6, 2023
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These actions are pending in the United States District Court for the District of New Jersey.

Key Points: 
  • These actions are pending in the United States District Court for the District of New Jersey.
  • On this news, shares of Credit Suisse fell $0.56 per ADS, or 15.64%, to close at $3.02 on February 9, 2023.
  • A subsequently-filed case, Turner v. Credit Suisse Group AG, et al., 23-cv-01476, expanded the class period.
  • A third case filed, Linhares v. Credit Suisse Group AG, et al., 23-cv-02246, further expanded the class period.

The Law Offices of Frank R. Cruz Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Credit Suisse Group AG (CS)

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Friday, May 5, 2023
Class Action Lawsuit, Professional Services, Legal, Defendant, Reuters, Interview, Bank statement, ADS, Law, CS, National bank, Credit Suisse, Suite, Saudi National Bank, Annual report, Risk, Court, UBS, Credit, News, NYSE, Cryptocurrency

The Law Offices of Frank R. Cruz reminds investors of the upcoming May 8, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who acquired Credit Suisse Group AG (“Credit Suisse” or the “Company”) (NYSE: CS ) securities between February 18, 2021 and March 20, 2023, inclusive (the “Class Period”).

Key Points: 
  • The Law Offices of Frank R. Cruz reminds investors of the upcoming May 8, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who acquired Credit Suisse Group AG (“Credit Suisse” or the “Company”) (NYSE: CS ) securities between February 18, 2021 and March 20, 2023, inclusive (the “Class Period”).
  • On February 9, 2023, Credit Suisse released its 2022 financial results, reporting customer outflows of 110.5 billion Swiss francs in the final three months of 2022.
  • On this news, Credit Suisse’s ADS price fell $0.56, or 15.6%, to close at $3.02 per ADS on February 9, 2023.
  • On this news, Credit Suisse’s stock price fell $0.35, or 13.9%, to close at $2.16 per ADS on March 15, 2023.

SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Credit Suisse Group AG of Class Action Lawsuit and Upcoming Deadline – CS

Retrieved on: 
Friday, May 5, 2023
Defendant, FINMA, LLP, Reuters, Interview, ADS, Swiss Financial Market Supervisory Authority, Risk management, CS, Exchange, National bank, Person, Credit Suisse, Ext, Saudi National Bank, SEC Rule 10b-5, District court, Annual report, Financial Times, Risk, Action Replay, Complaint, Court, UBS, Security (finance), Form 6-K, Pomerantz, Credit, NYSE, News, Bloomberg Television, Cryptocurrency

NEW YORK, May 04, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Credit Suisse Group AG (“Credit Suisse” or the “Company”) (NYSE: CS), and certain officers.

Key Points: 
  • NEW YORK, May 04, 2023 (GLOBE NEWSWIRE) -- Pomerantz LLP announces that a class action lawsuit has been filed against Credit Suisse Group AG (“Credit Suisse” or the “Company”) (NYSE: CS), and certain officers.
  • Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased.
  • Credit Suisse, together with its subsidiaries, provides various financial services in Switzerland, Europe, the Middle East, Africa, the Americas, and Asia Pacific.
  • Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, Pomerantz pioneered the field of securities class actions.

CS 4-DAY DEADLINE ALERT: Hagens Berman, National Trial Attorneys, Encourages Credit Suisse (CS) Investors with Over $500k in Losses to Contact Firm’s Attorneys Before May 8th Deadline in Securities Fraud Class Action

Retrieved on: 
Thursday, May 4, 2023
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Credit Suisse Group AG (CS, CSGKF) Securities Fraud Class Action:

Key Points: 
  • Credit Suisse Group AG (CS, CSGKF) Securities Fraud Class Action:
    The litigation focuses on Credit Suisse’s statements about its liquidity and overall financial condition.
  • Investors began to learn the truth on Feb. 9, 2023, when Credit Suisse announced its 2022 financial results that revealed large customer outflows continued through year-end 2022.
  • 14, 2023 Credit Suisse revealed it failed to maintain an effective assessment process to identify material misstatement risks in its financial statements.
  • 20, 2023, Credit Suisse announced it agreed to merge with UBS and shareholders would receive 1 UBS share for 22.48 Credit Suisse shares.

Kessler Topaz Meltzer & Check, LLP Reminds Credit Suisse AG Investors of Securities Fraud Class Action Lawsuit Filed against Credit Suisse Group AG (CS) and Urges CS Investors with Substantial Losses to Contact the Firm

Retrieved on: 
Wednesday, May 3, 2023
Lehmann, Insurance, LLP, Reuters, COPY, Interview, ADS, Swiss Financial Market Supervisory Authority, E pluribus unum, Lead, CS, National bank, Credit Suisse, Union Bank of Switzerland, Saudi National Bank, District court, Financial Times, Risk, Court, Form 6-K, Annual report, Credit, News, NYSE, Union Bank, Bloomberg Television, Cryptocurrency

The complaints charge Credit Suisse with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company’s business, operations, and prospects.

Key Points: 
  • The complaints charge Credit Suisse with violations of the federal securities laws, including omissions and fraudulent misrepresentations relating to the company’s business, operations, and prospects.
  • As a result of Credit Suisse’s materially misleading statements and omissions to the public, Credit Suisse’s investors have suffered significant losses.
  • Kessler Topaz Meltzer & Check, LLP encourages Credit Suisse investors who have suffered significant losses to contact the firm directly to acquire more information.
  • The first class action complaint against Credit Suisse, Calhoun v. Credit Suisse Group AG, et al.

Glancy Prongay & Murray LLP Reminds Investors of Looming Deadline in the Class Action Lawsuit Against Credit Suisse Group AG (CS)

Retrieved on: 
Monday, May 1, 2023
Defendant, Reuters, Interview, ADS, Bank statement, CS, National bank, Credit Suisse, Suite, Saudi National Bank, Annual report, Risk, Court, UBS, Credit, GPM, NYSE, News, Cryptocurrency

LOS ANGELES, May 01, 2023 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming May 8, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Credit Suisse Group AG (“Credit Suisse” or the “Company”) (NYSE: CS ) securities between February 18, 2021 and March 20, 2023, inclusive (the “Class Period”).

Key Points: 
  • LOS ANGELES, May 01, 2023 (GLOBE NEWSWIRE) -- Glancy Prongay & Murray LLP (“GPM”) reminds investors of the upcoming May 8, 2023 deadline to file a lead plaintiff motion in the class action filed on behalf of investors who purchased or otherwise acquired Credit Suisse Group AG (“Credit Suisse” or the “Company”) (NYSE: CS ) securities between February 18, 2021 and March 20, 2023, inclusive (the “Class Period”).
  • On February 9, 2023, Credit Suisse released its 2022 financial results, reporting customer outflows of 110.5 billion Swiss francs in the final three months of 2022.
  • On this news, Credit Suisse’s ADS price fell $0.56, or 15.6%, to close at $3.02 per ADS on February 9, 2023.
  • If you purchased or otherwise acquired Credit Suisse securities during the Class Period, you may move the Court no later than May 8, 2023 to request appointment as lead plaintiff in this putative class action lawsuit.

HAGENS BERMAN, NATIONAL TRIAL ATTORNEYS, Encourages Credit Suisse (CS) Investors with Over $500k in Losses to Contact Firm’s Attorneys Before May 8th Deadline in Securities Class Action

Retrieved on: 
Saturday, April 29, 2023
Lehmann, Reuters, Interview, Bank statement, Person, CS, National bank, Credit Suisse, Saudi National Bank, Bloomberg, Hagens Berman, Risk, SAN, Financial Times, UBS, Credit, Real-time, NYSE, Axel, Bloomberg Television, Cryptocurrency, Bank

Credit Suisse Group AG (CS, CSGKF) Securities Fraud Class Action:

Key Points: 
  • Credit Suisse Group AG (CS, CSGKF) Securities Fraud Class Action:
    The litigation focuses on Credit Suisse’s statements about its liquidity and overall financial condition.
  • Investors began to learn the truth on Feb. 9, 2023, when Credit Suisse announced its 2022 financial results that revealed large customer outflows continued through year-end 2022.
  • 14, 2023 Credit Suisse revealed it failed to maintain an effective assessment process to identify material misstatement risks in its financial statements.
  • 20, 2023, Credit Suisse announced it agreed to merge with UBS and shareholders would receive 1 UBS share for 22.48 Credit Suisse shares.