06 July, 2021

Tanmiah IPO Announces Final Offer Price of SAR 67 per share; Institutional Coverage Reaches 9,534%

 


Riyadh, Saudi Arabia, 6 July 2021: Saudi Fransi Capital, the Financial Advisor, Lead Manager, Bookrunner and Underwriter for the Initial Public Offering (“IPO”) of Tanmiah Food Company, announces that it has successfully completed the book building process for institutional subscription to the Company's shares, and that the coverage ratio reached 9,534%. The price of the offered shares has been set at SAR 67 per share.

 

Saudi Fransi Capital advised that the participating institutions have subscribed to all of the offered shares, with six million (6,000,000) Ordinary Shares allocated, representing 100% of the total shares offered for subscription during the Institutional Tranche.

 

With the successful completion of the book building process, as a second stage, a maximum of six hundred thousand (600,000) Ordinary Shares, representing 10% of the total shares offered for public subscription, will be allocated to individual subscribers (the “Retail Tranche”).

 

Saudi Fransi Capital confirmed that it has completed all preparations with the receiving bank, Banque Saudi Fransi, to receive individual investors’ subscription requests, which will be for a period of one day only, on 17/12/1442H, (corresponding to 27/07/ 2021G).

 

All information and details related to the subscription are available in the Prospectus published on the website of the Capital Market Authority www.cma.org.sa, the website of Tanmiah Food Company www.tanmiah.com and the website of Saudi Fransi Capital www.sfc.sa.

Ajman Free Zone partners with Ajman Specialty General Hospital to offer additional healthcare benefits to employees and clients

 


 

 

July 5, 2021

In line with its commitment to enhance its value-added services to clients and help them manage their business seamlessly, Ajman Free Zone (AFZ) has signed a memorandum of understanding (MoU) with Ajman Specialty General Hospital to offer additional healthcare benefits and incentives to employees and investors.

 

The partnership will allow AFZ employees and investors, together with their staff and immediate family, to avail discount on their medical bills while receiving premium healthcare services from the hospital. This exclusive discount covers various ailments and accidents.

 

H.E. Eng. Ali AlSuwaidi, Director General of Ajman Free Zone, said: “In line with our strategy to serve the business community and meet their various needs, we are pleased to collaborate with Ajman Specialty General Hospital to provide premium medical services to our customers, investors, and employees at discounted rates. Without a doubt, they are one of the most prominent medical facilities in the emirate, and it is a great privilege to have them extend their expert services to our staff and clients.”

 

“This partnership reflects our initiative to strengthen our support to our business partners,” AlSuwaidi added. “On our part, we are continuing to provide various value-added services to help investors focus on their business and accomplish their desired goals.”

 

H.E. Fatima Al Muheiri, Director General, Ajman Specialty General Hospital, commented: We are pleased to partner with Ajman Free Zone in providing quality healthcare services to their clients, staff and other stakeholders. This is an example of development partnership with shared vision and goals in ensuring the safety, comfort, and wellbeing of community members in the Emirate of Ajman. We look forward in strengthening this collaboration as we contribute to enhancing health and welfare across the emirate.”

 

Relatives of investors are entitled of the special discount and to avail of this special privilege, they only need to present their AFZ identification card and Emirates ID, or a valid AFZ license copy to the hospital’s registration counter.

 

Customer welfare is one of AFZ’s chief values, and one of its recent points of focus is enhancing healthcare services within the free zone community. Aside from facilitating business establishment, the free zone also aspires to provide customer happiness through various complementary services at competitive rates.

HBMSU concludes 2nd phase of ‘Emirati Explorer’ program

 

Lt. Gen. Dhahi Khalfan Tamim: We are preparing young Emiratis to take the lead and be competitive in advanced science, technology and space in preparation for next 50 years

 

Mansoor Al Awar: We continue to build future skills of our young people, the source of our strength and wealth, to support UAE’s scientific, technological and space achievements

 

 

05 July 2021 – The Emirates Talent Association and Hamdan Bin Mohammed Smart University (HBMSU) concluded the second phase of the ‘Emirati Explorer’ program, a unique scientific and knowledge platform that brings together a selected group of Emirati students to help enhance their scientific capabilities and promote science exploration using technology- and innovation-driven approach. The event served as the continuation of the two parties’ commitment to invest in young people in order to help sustain the UAE’s competitiveness and development.

 

The virtual ceremony, held on the Zoom platform, was attended by H.E. Lt. Gen. Dhahi Khalfan Tamim, Deputy Chairman of Police and General Security in Dubai, Chairman of the Board of Governors of HBMSU, and Chairman of the Emirates Talent Association. Lt. Gen. Tamim congratulated the new batch of Emirati explorers. He called on them to continue the race towards excellence, which H.H. Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, once said, that it has no limits.

 

He also urged them to apply their scientific and cognitive skills and be more innovative to make a positive impact on the scientific community while increasing their knowledge, technical, leadership, and creative skills as these competencies will help fast-track the UAE’s bid to become one of the most advanced and innovative countries in the world.

 

He emphasized that the ‘Emirati Explorer’ program is the key to empowering young people to lead the country’s march towards excellence in scientific knowledge. The UAE has joined the ranks of advanced nations in terms of achievements in space science following the success of ‘Hope Probe.’ The country’s successful Mars mission is the realization of the dream of the UAE’s founding father, Sheikh Zayed bin Sultan Al Nahyan, which was achieved through the Emiratis’ hands.

 

H.E. said: “The second phase of the ‘Emirati Explorer’ program would further advance our efforts to enable our distinguished Emirati minds to take the lead in the fields of advanced science, technology, and space in line with the UAE’s preparations for the next 50 years that will help shape our country’s future.”

 

He added: “We call on all UAE sons and daughters to join the nation’s drive to raise their ambitions and become qualified youth professionals in science and technology and help raise the status of our country as an influential and powerful international player in the areas of science, knowledge and economy. As part of the effective partnership between the Emirates Talent Association and HBMSU, we will continue to make optimal investments in the skills development of our young Emirati people, especially in the fields of innovation, artificial intelligence (AI), space science, robotics, technology, and other disciplines vital to reshaping our future. We are confident that our youth are fully capable of achieving excellence in their scientific knowledge to help realize the ambitions of our wise leadership who believe that nothing is impossible.”

 

H.E. Dr. Mansoor Al Awar, Chancellor of HBMSU and the General Coordinator of the program, said that the ‘Emirati Explorer’ will continue to provide the next generations with opportunities to enhance their scientific skills as well as improve their knowledge and strengths in the areas of mathematics, physics, chemistry, and biology, based on an integrated approach enhanced by advanced technology. HE pointed out that the program aims to build the skills of the future necessary to continue the UAE’s achievements in science, technology and space.

 

Al Awar said: “This important program has proved itself as a driving force that will help the new generations of local scientists to excel and compete with merit and competence at the global level. In response to the vision and directives of H.H. Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and President of the University, we will continue to equip our young Emirati scientists with the knowledge necessary to continue the gains of the Emirates, which has made history by being the first in the Arab world and fifth globally to reach Mars. We must show our determination to excel in the fields of science, research and space as part of our great responsibilities as citizens of the UAE.”

 

Al Awar added: “We congratulate our sons and daughters who today joined the scientific minds and the creative young energies who are qualified to make a positive imprint in advanced science, technology and space, in the future. We look forward to launching the third phase of this pioneering program, which will cover mathematics, physics, biology, and chemistry. The third phase will be implemented according to a well-planned schedule with multiple and integrated stages. We will continue to utilize modern technologies to enhance the education and training process of our youth and create an innovative and creative generation equipped with the right skills, capabilities, and competencies necessary to elevate innovation, creativity, and scientific exploration in the country. Having these qualities will enable us to meet emerging challenges and maximize opportunities to achieve the ambitions of a country that does not recognize the impossible.”

 

The virtual ceremony included the announcement of the launch of the third phase of the ‘Emirati Explorer.’ The parents of the young participants widely praised the program initiated by the Emirates Talent Association and HBMSU to advance the knowledge, research and scientific skills of their children, who aspire to accelerate the UAE’s race towards excellence in the fields of advanced science and space technology.

The students also renewed their relentless commitment to enrich their knowledge and develop their abilities to contribute effectively to the country’s future through technological innovation and scientific knowledge excellence.

 

The Emirates Talent Association and HBMSU launched the ‘Emirati Explorer’ program as part of their cooperation with the Ministry of Education. The program is supported and sponsored by businessman Dr. Muhammad Omar bin Haider, Founder and Chairman of the Muhammad Omar Bin Haider Holding Group (MOBH).

 

The program seeks to provide Emirati students with skills and knowledge to support scientific observation and exploration, as well as equip them with the ability to use scientific methods to solve simple problems in all the basic sciences, including chemistry, biology, physics, and mathematics.

 

The ‘Emirati Explorer’ program also focuses on building the capacities of the youth sector in the areas of sustainability, disease prevention and control, and space science while enhancing informed decision-making processes in different scientific contexts. The program strives as well to increase the confidence of local students in their ability to conduct scientific and practical experiments that are critical to their ingenuity and skills to conduct scientific inquiry.

 

To ensure long-term achievements, it seeks to optimally prepare Emirati students by challenging them to develop perseverance, emotional flexibility, personal skills, and leadership competency. All Emirati students participating in the program will prepare and present their final projects in November, which coincides with the UAE’s celebration of its golden jubilee and the launch of Expo 2020. Both events will serve as an ideal platform to showcase the talents of young Emiratis on the global stage.

Global 3D Printing Revenues to Double and Hit $25B by 2024

Constantly evolving value chains, market innovations, and cutting-edge technology developments have pushed 3D printing into the mainstream market. This type of production has surged in recent years, and a growing number of businesses use 3D printing solutions, allowing speed and flexibility while reducing costs.

However, in the heat of the COVID-19 pandemic, 3D printing has also become a vital technology to support improved healthcare and general response to the emergency. Moreover, the crisis has highlighted how 3D printing can be the basis of a greener and more environmentally friendly future.

According to data presented by StockApps.com, global 3D printing revenues are expected to double in the following years, hitting a $25bn value by 2024.

Research and End-Use Parts Main Reasons for Using 3D Printers

3D printing enables the production of complex shapes using less material than traditional manufacturing methods, which is why it is widely used for small production runs, prototyping, small business, and educational use. Thanks to the possibility to produce parts on demand, it can significantly reduce waste and inventory.

In 2020, the global 3D printing industry hit $12.6bn value, revealed Additive Manufacturing Trend Report 2021. Over the next twelve months, 3D printing revenues are expected to jump by nearly 40% to $17.6bn. Statistics indicate the strong upward trend is set to continue in the following years, with revenues rising by 43% by 2024. By 2026, the entire sector is forecast to hit a $37.2bn value.

The State of 3D Printing Report by Sculpteo also revealed that in 2021, the most popular use case of 3D printing was research among 60% of those asked. Another 52% of companies and businesses used the technology for end-use mechanical parts and end-use consumer goods. Statistics show 32% of companies used 3D printing for tooling, while 27% of respondents used it for replacement parts.

The survey also showed that 36% of those asked said that speeding up product development is one of the main reasons they use 3D. Offering customized products and limited series ranked as the second most important reason for using the process. Increasing production flexibility was third among 12% of respondents.

61% of Companies to Increase 3D Printing Investments

The Sculpteo data also revealed that in 2020, 67% of respondents spent between $1,000 and $50,000 on 3D printing. A further 10% claimed they had spent between $50,000 and $100,000 on the technology, while another 23% spent more than $100,000.

However, 61% of users said they would increase their 3D printing investment even more in 2021, showing the confidence of businesses in this technology. Statistics show 29% of companies plan to increase their investments up to 50% this year, while another 32% will boost their 3D printing budgets by 50%-100% or even more. 

04 July, 2021

خلال فعاليات الدورة الـ ٨١ للجمعية الأمريكية للسكري (ADA) وتزامناً مع الذكرى المئوية للأنسولين سانوفى تكشف عن دراسة جديدة لمرضى السكري من النوع الثاني

 


 

القاهرة  يونيو ٢٠٢١: في الدورة الحادية والثمانين لمؤتمر الجمعية الامريكية لمرض السكري (ADA)، وخلال العام الذي يصادف الذكرى المئوية للأنسولين، تقدم شركة سانوفي املاً لجزء كبير من مرضي السكري، وذلك عن طريق الإعلان عن نتائج دراسة سوليميكس SoliMix. فلقد كشفت الدراسة الجديدة حول "سوليكوا، أي-جلارليكسي ( iGlarLixi) عن قدرة العقار علي تلبية الاحتياجات الطبية لمرضي السكري.

وتعد هذه الدراسة أول مقارنة مباشرة بين عقار سوليكوا "أي-جلارليكسي" مع الانسولين المخلوط مسبقًا لدى البالغين المصابين بداء السكري من النوع الثاني، وهو الشكل الأكثر شيوعًا لمرض السكري، و لم يصلوا لمستوي السكر المرجو  فى الدم بالرغم من علاجهم بالأنسولين القاعدي ، مع دواء أو اثنين من الأدوية المضادة للسكري عن طريق الفم. وقد تم تقديم النتائج في الجلسة العلمية الحادية والثمانين للجمعية الأمريكية للسكري (ADA)1 كما تم نشرها في نفس الوقت في مجلة دايابيتس كير2.

وتؤكد الدراسة قدرة عقار سوليكوا علي خفض نسبة السكر التراكمى في الدم (HbA1c)؛ مع عدم زيادة فى وزن الجسم الأساسي ودون هبوط فى مستوى السكر في الدم مقارنة بالأنسولين المخلوط مسبقًا.

ومن جانبه قال الدكتور ابراهيم الأبراشى - أستاذ الطب الباطني والسكر بجامعة القاهرة: "تزداد يومياً نسبة الاشخاص الذين يتم تشخيصهم بمرض السكري من النوع الثاني، و بالرغم من تعدد الحلول المقدمة لهؤلاء المرضي الا انه مازال هناك العديد من التحديات التي تحول دون الحفاظ علي مستوي السكر في معدلاته الطبيعية لديهم. و قد اظهرت نتائج الدراسات الاخيرة، التي اقيمت علي عقار اي-جلارليكسي تحت اسم دراسة سوليميكس”SoliMix”  لمقارنة النتائج التي حققها العقار مع النتائج التي وصل اليها المرضي الذين يتم معالجتهم علي الانسولين المخلوط مسبقاً “Pre-mixed”، خطوة الي الامام في علاج هؤلاء المرضي."

كما أفصح المشاركون في الدراسة الذين يستخدمون "سوليكوا®" عن درجة اعلي من الرضا خاصةً فى ممارسة الحياة اليومية بشكل طبيعى، نتيجة تقليل عبء العلاج مما أدى الى امتثال أفضل للنظام العلاجى، و تحسين الصحة النفسية. حيث استطاع العقار ان يصل بهم الي المعدلات الطبيعية للسكر فى الدم من خلال حقنة واحدة يومياً و بالتالى يقلل من تعقيد الحقن المتعددة، ونوبات اقل من الهبوط السكري، وايضاً بدون الزيادة المعتادة فى الوزن التي تحدث عند بدء العلاج بالانسولين.

وأوضح د/شريف مدحت – مدير الادارة الطبية بسانوفى مصر والسودان للطب العام : "نري كل شخص مصاب بمرض السكري انه فريد، وله مواقف واحتياجات مختلفة. وعليه، تهدف شركة سانوفي إلى تطوير حلول فريدة، بناءً على تاريخها الممتد من العلاجات المختلفة ، والتي تتيح قدرًا أكبر من تخصيص الرعاية لكل شخص مصاب بمرض السكري. ومازلت سانوفي حريصة علي دورها الرائد فى تقديم الدعم للمتعايشين مع مرض السكري و الاطباء القائمين علي رعايتهم من خلال الاستمرار فى دعم مجالات البحث العلمي المختلفة."

وأضاف: "خلال فعاليات الجلسات العلمية الحادية والثمانين لجمعية السكري الأمريكية، تم الكشف عن نتائج دراسة سوليميكس SoliMix، التى اثبتت ان التحول إلى التركيبة الجديدة في عقار اي-جلارليكسي – والتي هي فى الاساس مزيج من عقارين -  يمكنهم من الوصول الي المعدلات الطبيعية للسكر، وذلك من خلال حقنة واحدة يوميًا ودون زيادة في الوزن، مقارنةً بالمرضي الذين تحولوا إلى الأنسولين المخلوط مسبقًا مرتين يوميًا. و تبحث سانوفى باستمرار لايجاد كافة الطرق التي تُمكن المرضي من إدارة صحتهم ومساعدتهم للوصول الي الحياة التي يتمنوها ، دون أن يعرقلهم مرض السكري “.

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