Saudi Arabia’s Public Investment Fund (PIF), managing nearly $1 trillion in assets, is set to launch its first euro-denominated green bond to support sustainable projects aligned with Vision 2030 and the country’s 2060 net-zero goal. The move underscores the Kingdom’s drive to attract global green investment and fund multibillion-dollar megaprojects like NEOM, Oxagon, and The...
Standard Chartered (STAN.L) announced that assets under management at its Signature CIO Funds have reached $3 billion, just three years after their launch. To meet growing client demand, the bank will also introduce Shariah-compliant Signature CIO Funds in the UAE and Nigeria, managed by Aditum Investment Management. “We continue to innovate and build on our...
British alternative lender Shawbrook has announced plans for an initial public offering in London, potentially one of the city’s largest listings in recent years. “We have achieved real scale, and our current markets are large and growing, supported by attractive tailwinds,” said CEO Marcelino Castrillo. The listing comes amid renewed London IPO activity, following updated...
Canadian defense, construction, and metals stocks are positioned to benefit as Ottawa accelerates military spending and fast-tracks major infrastructure projects. “We are seeing tangible optimism around Canadian government policies aimed at economic growth,” said Victor Kuntzevitsky, Stonehaven. Investors are particularly bullish on metals needed for military and industrial purposes, and streamlined approvals could boost construction...
Non-bank lender Tata Capital has secured ₹46.42 billion ($523M) from anchor investors, including LIC and Norway’s sovereign wealth fund, as part of its $1.75B IPO, positioning it among India’s largest offerings this year. LIC committed ₹7B, while Norway’s wealth fund received ₹1.25B worth of shares, allotted at the upper end of the ₹310–326 price band....
Goldman Sachs and the Abu Dhabi Investment Authority (ADIA) have invested in Froneri, the joint venture behind Haagen-Dazs and Rowntree’s, in a deal valuing the ice cream maker at €15 billion ($17.6B) including debt. Froneri, a 50:50 JV between PAI Partners and Nestlé, has seen strong growth since its formation in 2016 and its acquisition...