Gamer Pakistan Subsidiary K2 Gamer Announces Super Mega Pakistan Universities Esports Championship 2023-24

45-Day Event Expected to Attract Over 1,500 Student Gamers and Features 1 Million PKR Prize Pool HENDERSON, Nev., Nov. 30, 2023 (GLOBE NEWSWIRE) — Gamer Pakistan Inc. (NASDAQ: GPAK), an early-stage technology and esports company focused on game development and in-game AI community engagement, and organizing esports events in Pakistan, today announced subsidiary K2 Gamer […]

45-Day Event Expected to Attract Over 1,500 Student Gamers and Features 1 Million PKR Prize Pool

HENDERSON, Nev., Nov. 30, 2023 (GLOBE NEWSWIRE) — Gamer Pakistan Inc. (NASDAQ: GPAK), an early-stage technology and esports company focused on game development and in-game AI community engagement, and organizing esports events in Pakistan, today announced subsidiary K2 Gamer has launched the Super Mega Pakistan Universities Esports Championship 2023-24, a groundbreaking event poised to captivate the nation’s gaming community. Set to kick off in the first week of December, this 45-day spectacle features an impressive 1 million PKR prize pool, promising intense competition among the country’s top student gamers.

K2 Gamer Pakistan is registered with the Security and Exchange Commission of Pakistan (SECP) and a wholly owned subsidiary of the Gamer Pakistan Inc., the first USA based Pakistan esports company. It is dedicated to advancing esports across educational levels. Through strategic partnerships, the organization has signed Memorandums of Understanding (MOUs) with over 120 universities, collaborating with its affiliate, Elite Sports Pakistan (ESP), to promote esports throughout academia.

The championship follows a meticulously designed format, spanning 16 conferences in the qualifier round, progressing through group stages, zonal qualifiers, quarterfinals, semifinals, and culminating in the grand finals. All matches will be live-streamed, with the event anticipating the enthusiastic participation of over 1500 student gamers from universities across the nation.

The Super Mega Pakistan Universities Esports Championship 2023-24 unfolds in a series of competitive stages. It all begins with 256 teams in the Qualifiers, where the top 128 advance to the Group Stages. From there, only the top 64 move on to the Quarterfinals, and then the top 32 secure a spot in the Semifinals. The final showdown narrows down to the top 16 teams, competing for supremacy in the Grand Finals. This structured format ensures an exciting and challenging journey for participants, culminating in the crowning of the ultimate esports champion.

This championship signifies a historic milestone in the esports landscape, spotlighting Pakistan’s vibrant gaming community on a national stage. The event is a testament to K2Gamer Pakistan’s commitment to fostering esports talent and providing a platform for the nation’s student gamers to showcase their skills.

“We are honored to announce that K2 Gamer’s Super Mega Pakistan Universities Esports Championship 2023-24 will begin in early December and run for a total of 45 days with a 1 million PKR prize pool,” said Muhammad Jamal Qureshi, CEO of K2 Gamer. “The size and scope of this championship is validation and recognition of the rapidly growing Esports industry and the tens of millions of Pakistani gamers, particularly at the University level. I would like to wish all of our competitors well.”

About K2 Gamer

K2GAMER is a registered entity dedicated to promoting esports growth in Pakistan. The company was founded in 2022 and is headquartered in Nowsher, Pakistan. K2GAMER organizes and hosts esports events for schools, colleges, universities, and professional gamers. The company is also involved in developing and marketing esports products and services. K2 GAMER is a 90% owned subsidiary of Gamer Pakistan.

About Gamer Pakistan

Gamer Pakistan Inc. (NASDAQ: GPAK), is an esports event development and product marketing company that was founded in November 2021 to create college, inter-university and professional esports events for all genders in Pakistan. Gamer Pakistan believes it is rapidly becoming the premiere university esports partner for secondary education institutions in Pakistan. Gamer Pakistan creates the formats and events to provide a competitive environment in which to unearth and nurture budding esports talent at the collegiate level. Operations are conducted through its subsidiary, K2 Gamer (PVT) Ltd., and affiliate Elite Sports Pakistan Pvt. Ltd. For more information visit www.gamerpakistan.com.

Forward-Looking Statements

All statements in this release that are not based on historical fact are “forward-looking statements.” While management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, as a result of various factors including those risks and uncertainties described in the Risk Factors and in Management’s Discussion and Analysis of Financial Condition and Results of Operations sections of our recently filed Registration Statement on Form S-1, which can be found on the SEC’s website at www.sec.gov. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Except as otherwise required by the federal securities laws, we disclaim any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

Investor Relations Contact:
Chris Tyson
Executive Vice President
MZ North America
Direct: 949-491-8235
GPAK@mzgroup.us
www.mzgroup.us

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FBR’s Customs Duty Collection Declined by 7.8% in FY23 Due to Import Restrictions

The customs duty collection has shown a decline of 7.8 percent during 2022-23 as compared to the same period of 2021-22 due to import compression.The FBR’s data revealed that the customs duty collection during 2022-23 faced challenges due to declining…

The customs duty collection has shown a decline of 7.8 percent during 2022-23 as compared to the same period of 2021-22 due to import compression.

The FBR’s data revealed that the customs duty collection during 2022-23 faced challenges due to declining imports. As a result, there was a negative growth of (7.8) percent compared to the previous fiscal year. The net collection of customs duty during 2022-23 stood at around Rs. 932 billion as compared to around Rs. 1,011 billion in 2021-22.

The customs duty’s share in the total FBR revenues also declined from 16.4 percent in 2021-22 to 13 percent during 2022-23. It is evident that there was negative growth in 4 sectors of the top 10 custom duty contributing sectors.

The collection from Vehicles (Non-Railway) showed negative growth of 51.0 percent followed by Electrical Machinery with 33.8 percent negative growth, Machinery and Mechanical Appliances with 26.0 percent negative growth and Iron and Steel recorded 17.3 percent negative growth.

The negative growths in these sectors have reduced their share in the overall customs duty collection to 22.4 percent during 2022-23 from 33.7 percent in 2021-22, FBR added.

Source: Pro Pakistani

Pakistan’s GDP to Collapse, World Bank Makes a Shocking Prediction

Pakistan’s GDP is expected to decrease by a minimum of 18 to 20 percent by 2050 due to severe climate-related occurrences, environmental deterioration, and air contamination, says the World Bank.The Bank in a special note ‘Climate Silence in Pakistan’…

Pakistan’s GDP is expected to decrease by a minimum of 18 to 20 percent by 2050 due to severe climate-related occurrences, environmental deterioration, and air contamination, says the World Bank.

The Bank in a special note ‘Climate Silence in Pakistan’ stated that climate change has profoundly affected Pakistan, manifesting in altered weather patterns and devastating floods.

Overall, 8 in 10 people in Pakistan are concerned about the impacts of climate change, with females and educated people being more concerned. Climate change is more likely to be perceived as a pressing issue when presented with economic issues.

People with the least education are more likely to distrust all sources of climate-related information. Parents have a high demand for climate change education for their children; however, only a fraction of them engage in discussions about it at home.

Despite the high levels of concern about climate change, support for personal and government action is low. Strategies to motivate action on climate actions should focus on effectively encouraging behavioral change by highlighting financial savings rather than climate impact.

As with many developing nations, Pakistan is grappling with the effects of climate change, such as rising temperatures and a surge in natural calamities, including floods.

However, despite substantial evidence highlighting the consequences of climate change, there needs to be a more analytical insight into the drivers of individual perceptions and behaviors in relation to climate change in Pakistan. To bridge this gap, this policy note explores the role of socio-economic factors that shape people’s perception of climate change and the actions that influence its impact.

People’s perception of climate change can be affected by their experiences of income shocks. Those people who have experienced income loss due to events such as the COVID-19 pandemic or floods are more likely to be concerned about the impacts of climate change.

Although people express concern about climate change and its impacts when asked specifically about it, it does not necessarily rank high on their list of priorities to address. According to the results, there is a 4 percentage point statistically significant increase in the likelihood of people considering climate change as an important issue when economic issues are presented first as compared to when social issues are presented first.

This can be attributed to the perception of climate change and pollution as an economic problem, which increases attention towards it when economic issues are emphasized first. Furthermore, the difference in the prioritization of climate change between the two groups, based on the order of issues presented, is more prominent among people with higher levels of education.

Source: Pro Pakistani

Todd Murphy Eager to Trouble Pakistan Batters on Australia Tour

Australian spinner Todd Murphy is eagerly looking forward to the test of bowling against Pakistan’s top order in the upcoming three-match Test series.Todd Murphy, a part of the PM’s XI, is preparing for a four-day tour match against Pakistan scheduled…

Australian spinner Todd Murphy is eagerly looking forward to the test of bowling against Pakistan’s top order in the upcoming three-match Test series.

Todd Murphy, a part of the PM’s XI, is preparing for a four-day tour match against Pakistan scheduled to take place in Canberra from December 6-9.

Murphy said, “Bowling to Pakistan’s top-order batters would be a challenge. Babar Azam is a very good player, and Pakistan’s top order boasts players with great class.”

He added, “I am not sure if Babar Azam is playing against PM XI, but it would be exciting to bowl against him. It’s always great to get a chance to test yourself against a Test-playing nation.”

As Murphy looks forward to the upcoming three-match Test series against Pakistan, he underscores the importance of this opportunity, characterizing it as an excellent way to start the cricketing summer.

Additionally, he expresses the sentiment that playing in front of family, friends, and fans is always a valuable chance, as the atmosphere and support create a truly special experience.

Meanwhile, Murphy also acknowledged Nathan Lyon’s valuable mentorship and expressed his appreciation for the opportunity to learn from a seasoned player.

Source: Pro Pakistani

King Faisal Specialist Hospital and Research Center Honors Two Decades of Heartfelt Employee Commitment

RIYADH, Saudi Arabia, Nov. 29, 2023 (GLOBE NEWSWIRE) — King Faisal Specialist Hospital and Research Center takes great pride in recognizing the exceptional dedication of its diverse workforce, with each member contributing two decades to the noble mission of patient care. His Excellency, CEO Dr. Majid Al-Fayad, personally paid tribute to these trailblazing individuals at […]

KFSH&RC

RIYADH, Saudi Arabia, Nov. 29, 2023 (GLOBE NEWSWIRE) — King Faisal Specialist Hospital and Research Center takes great pride in recognizing the exceptional dedication of its diverse workforce, with each member contributing two decades to the noble mission of patient care. His Excellency, CEO Dr. Majid Al-Fayad, personally paid tribute to these trailblazing individuals at the forty-fourth edition of the Pioneers Honoring Ceremony, held in both Jeddah and Riyadh on November 20th and 22nd, respectively.

In conveying appreciation for the unwavering commitment to healthcare, the hospital commemorated the meaningful moments dedicated to enhancing the overall patient experience. The culmination of these efforts has woven a rich tapestry of experience and skills, forming the foundation for the esteemed status King Faisal Specialist Hospital and Research Center holds today.

Central to this success is the unwavering commitment to employee development and the cultivation of a robust organizational culture. The hospital places special emphasis on its human capital, acknowledging their pivotal role in achieving its global prominence. This commitment is evident through the implementation of quality programs and services aimed at enhancing the work environment and employee productivity.

KFSH&RC

The success of these initiatives is reflected in an internal survey, where 78% of participants recommend the work environment, and 81% express satisfaction with the services provided by the hospital. King Faisal Specialist Hospital and Research Center’s dedication to its staff is further exemplified by the establishment of a social club for employees several years ago. This initiative fosters a positive work environment, promoting social interaction, personal growth, and community participation, ensuring that individuals feel valued, connected, and supported.

Highlighting the hospital’s commitment to continuous personal and professional development, KFSH&RC regularly organizes workshops, seminars, and dialogue sessions covering various topics such as leadership, time management, stress management, financial well-being, and career advancement. These educational opportunities aim to contribute to the potential growth of employees within the organization.

Through these initiatives, King Faisal Specialist Hospital and Research Center aspires to create an enticing work environment that attracts top-tier healthcare professionals worldwide. This commitment aligns with its strategic goals, supporting its nearly five-decade journey to be a global leader in providing specialized healthcare through research and innovation.

Contact information:
kfshrc@mcsaatchi.com

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‫تقديراً لجهودهم المبذولة خلال 20 عام مستشفى الملك فيصل التخصصي ومركز الأبحاث يحتفي بالموظفين الرواد

الرياض, Nov. 29, 2023 (GLOBE NEWSWIRE) — احتفى مستشفى الملك فيصل التخصصي ومركز الأبحاث بالموظفين والموظفات الرواد الذين أمضوا عشرين عاماً في خدمة المرضى، حيث تم تكريمهم من قبل معالي الرئيس التنفيذي الدكتور ماجد الفياض وذلك خلال النسخة الرابعة والأربعون لحفل تكريم الرواد، الذي أقيم في كل من جدة والعاصمة الرياض، في العشرين والثاني والعشرين […]

KFSH&RC

الرياض, Nov. 29, 2023 (GLOBE NEWSWIRE) — احتفى مستشفى الملك فيصل التخصصي ومركز الأبحاث بالموظفين والموظفات الرواد الذين أمضوا عشرين عاماً في خدمة المرضى، حيث تم تكريمهم من قبل معالي الرئيس التنفيذي الدكتور ماجد الفياض وذلك خلال النسخة الرابعة والأربعون لحفل تكريم الرواد، الذي أقيم في كل من جدة والعاصمة الرياض، في العشرين والثاني والعشرين من نوفمبر الحالي على التوالي.

وأكد المستشفى، بهذه المناسبة، تقديره لكل جهد بُذل في سبيل الرعاية الصحية، ولكل لحظة مضت في تعزيز تجربة مريض، شكّل تراكمها عبر السنين نسيجاً غنياً من الخبرات والمهارات التي تُعد اليوم أساسًا للمكانة التي يُعرف بها مستشفى الملك فيصل التخصصي ومركز الأبحاث.

ويولي التخصصي كوادره البشرية، التي أسهمت بتحقيقه لهذه المكانة، اهتماماً خاصاً، ويتمثل ذلك في تنظيم برامج نوعية وتقديم خدمات تعزز من جودة بيئة العمل وإنتاجية موظفيه، ما أثمر عن تتابع الإنجازات وتعزيز تجربة المرضى حتى غدا “التخصصي” من بين الأبرز عالميا.

ومن ثمرة تلك البرامج والخدمات التي تؤكد اعتناء “التخصصي” بكوادره؛ ما أظهره استبيان داخلي أن 78٪ من المشاركين يوصون ببيئة العمل، وأن 80٪ راضون عن الخدمات التي يقدمها المستشفى للموظفين.

ولتعزيز جودة وجاذبية بيئة العمل، أنشئ “التخصصي” منذ سنوات النادي الاجتماعي للموظفين الذي يهدف إلى توفير بيئة عمل إيجابية، وتعزيز رفاهية الموظفين من خلال إتاحة فرص التفاعل الاجتماعي والنمو الشخصي والمشاركة المجتمعية في وسط يشعر فيه الأفراد بالتقدير والتواصل والدعم.

KFSH&RC

يشار بأن التطوير الشخصي والمهني للموظفين يحظى بدعم متواصل في التخصصي، حيث ينظم المستشفى دورياً ورش عمل وندوات وجلسات حوارية حول مواضيع مختلفة، بما في ذلك القيادة وإدارة الوقت والإجهاد والرفاهية المالية والتقدم الوظيفي، بهدف تقديم فرص تعليمية قيمة، تساهم في نموهم داخل المنظمة.

ويسعى مستشفى الملك فيصل التخصصي ومركز الأبحاث، من خلال أنشطته المختلفة التي يقدمها لموظفيه إلى بناء بيئة عمل جاذبة، تستقطب أفضل الكوادر الصحية عالمياً، لتحقيق أهدافه الاستراتيجية، ودعم مسيرته التي انطلقت قبل ما يقرب من خمسة عقود ليكون رائداً عالمياً في تقديم الرعاية الصحية التخصصية المدفوعة بالبحث والابتكار.

Contact information
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‫بنك أبو ظبي الأول وشركة هالو للاستثمار يوقعان مذكرة تفاهم لتعزيز أعمال سندات مالية مهيكلة

أبو ظبي،, Nov. 29, 2023 (GLOBE NEWSWIRE) — وقع بنك أبو ظبي الأول – أكبر بنك في دولة الإمارات العربية المتحدة – وشركة هالو للاستثمار – الشركة الرائدة عالمياً في مجال الاستثمارات المحمية، ومقرها الرئيسي في شيكاغو، الولايات المتحدة ولها مكاتب في أبو ظبي وزيوريخ – مذكرة تفاهم لتعزيز أعمال سندات مالية مهيكلة لبنك أبو […]

أبو ظبي،, Nov. 29, 2023 (GLOBE NEWSWIRE) — وقع بنك أبو ظبي الأول – أكبر بنك في دولة الإمارات العربية المتحدة – وشركة هالو للاستثمار – الشركة الرائدة عالمياً في مجال الاستثمارات المحمية، ومقرها الرئيسي في شيكاغو، الولايات المتحدة ولها مكاتب في أبو ظبي وزيوريخ – مذكرة تفاهم لتعزيز أعمال سندات مالية مهيكلة لبنك أبو ظبي الأول على نطاق عالمي.

وتضع مذكرة التفاهم إطاراً للتعاون بين بنك أبو ظبي الأول وشركة هالو في أبو ظبي، وتسلط الضوء على الابتكار والتفاني الثابت لتزويد عملاء بنك أبو ظبي الأول بتجربة استثمارية استثنائية.

لقد شهدت السندات المالية المهيكلة – وهي منتج مالي شائع بين المستثمرين الباحثين على ضبط نسبة الأرباح إلى المخاطر – ارتفاعًا ملحوظًا في الطلب خلال السنوات الأخيرة. وتعمل تقنية هالو المتطورة على تبسيط عملية الاستثمار في السندات المالية المهيكلة، مما يوفر للمستثمرين إمكانية الوصول إلى مجموعة واسعة من المنتجات المهيكلة مع تمكين المؤسسات المالية من تحسين عروضها.

وأعرب صادق حسين – الرئيس التنفيذي لشركة هالو للاستثمار الشرق الأوسط وأفريقيا في سوق أبو ظبي العالمي؛ عن حماسه لهذا التعاون، قائلاً: “نحن متحمسون للعمل جنباً إلى جنب مع بنك أبو ظبي الأول؛ المؤسسة المرموقة التي لديها التزام قوي للابتكار ونجاح العملاء. ومن خلال الاستفادة من التكنولوجيا الحديثة والمتقدمة لدينا، يستعد بنك أبو ظبي الأول لإعادة تشكيل مشهد السندات المالية المهيكلة في الأسواق المالية العالمية.”

كما أوضح ميشيل لونجيني – الرئيس العالمي للخدمات المصرفية الخاصة لدى بنك أبو ظبي الأول؛ إنه من خلال الاستفادة من إمكانيات منصة هالو، فإن هدفنا هو تحسين الفعالية والشفافية والتوافرمن السندات المالية المهيكلة لعملائنا. وستمكننا هذه الجهود من تقديم حلول استثمارية أكثر تخصيصًا، وضبط نسبة الأرباح إلى المخاطر لعملائنا، وتعظيم فرص الاستثمار لهم. ويتماشى هذا التعاون مع التزامنا بنجاح العملاء وتصميمنا على تقديم منتجات استثمارية متطورة تلبي المتطلبات المتغيرة للسوق. وننتظر بشغف النتائج المحتملة لهذه الشراكة ونتطلع إلى العمل جنبًا إلى جنب مع هالو لتحفيز التحولات الإيجابية في عرض السندات المالية المهيكلة لدينا.

تهدف مذكرة التفاهم التي تم توقيعها خلال أسبوع أبو ظبي المالي (Abu Dhabi Finance Week) في سوق أبو ظبي العالمي إلى تمكين المستثمرين من الوصول إلى مجموعة واسعة من المنتجات والحلول الاستثمارية تشملها الثقة والخدمات المتميزة المرتبطة بشركة مالية عالمية رائدة مثل بنك أبو ظبي الأول. وتساهم مذكرة التفاهم الاستراتيجية الحالية في تمكين الطرفين من تحقيق النمو والنجاح في المشهد المالي العالمي المتغير باستمرار.

نبذة عن بنك أبوظبي الأول

يتمتع بنك أبوظبي الأول بحضور استراتيجي قوي في 20 سوقاً حول العالم، ويتخذ من أبوظبي مقراً له، ويمثل بوابة للتجارة وأنشطة التمويل في منطقة الشرق الأوسط وشمال أفريقيا. ويبلغ إجمالي موجودات البنك 1.2 ترليون درهم إماراتي (323 مليار دولار أمريكي) حتى نهاية سبتمبر 2023، وهو من بين أكبر 50 بنكاً في العالم من حيث رأس المال السوقي، وأحد أكبر المجموعات المصرفية في العالم. ويقدم البنك خدماته إلى العملاء من المؤسسات والأفراد ضمن أربعة قطاعات أعمال رئيسية: الخدمات المصرفية للاستثمار، الخدمات المصرفية للشركات والأعمال التجارية والدولية، الخدمات المصرفية للأفراد، والخدمات المصرفية الخاصة الدولية. يذكر أن البنك مدرج في سوق أبوظبي للأوراق المالية، ويتمتع بتصنيف Aa3 و AA- وAA- من وكالات موديز، وستاندرد آند بورز، وفيتش على التوالي، مع نظرة مستقرة. وفي مجال الحوكمة البيئية والاجتماعية وحوكمة الشركات، حصل البنك على تصنيف A من قبل مورجان ستانلي كابيتال إنترناشيونال MSCI، كما تم تصنيف بنك أبوظبي الأول بين أفضل 10% من البنوك العالمية وفقاً لمؤشر Refinitiv، ويعتبر الأفضل في مجال الاستدامة على مستوى منطقة الشرق الأوسط وشمال أفريقيا؛ وهو الشريك الاستراتيجي لمؤتمر الأطراف في اتفاقية الأمم المتحدة الإطارية بشأن تغير المناخ (كوب 28) الذي تستضيفه دولة الإمارات العربية المتحدة في الفترة من 30 نوفمبر إلى 12 ديسمبر 2023.

 للمزيد من المعلومات، يُرجى زيارة www.bankfab.com

نبذة عن هالو للاستثمار

تأسست شركة هالو للاستثمار في عام 2015؛ وهي عبارة عن منصة تكنولوجية حائزة على جوائز تعمل على تغيير كيفية استخدام حلول الاستثمارات المحمية في جميع أنحاء العالم. يقع المقر الرئيسي لشركة هالو في شيكاغو، الولايات المتحدة ولها مكاتب في أبو ظبي وزيوريخ. تعمل الشركة على تبسيط الطرق للوصول إلى حلول استثمارية لم تكن متاحة في السابق لمعظم المستثمرين. حصلت هالو على عدد كبير من الأوسمة وتم اختيارها مؤخرًا كواحدة من الشركات العشر الأكثر ابتكارًا بمجلةFast Company.

تخضع شركة هالو أنفيستنج الشرق الأوسط وأفريقيا المحدودة في أبو ظبي لرقابة سلطة تنظيم الخدمات المالية في سوق أبو ظبي العالمي.

لمزيد من المعلومات، يرجى زيارة الموقع الإليكتروني: www.haloinvesting.ae

للاستفسارات الإعلامية، يرجى الاتصال بـ:

هالو للاستثمار
فلاديسلاف مولدافسكي
vlad.moldavskiy@haloinvesting.com
بنك أبوظبي الأول
فريق العلاقات العامة والإعلام
PRandmedia@bankfab.com


GlobeNewswire Distribution ID 8986393

FAB, Halo Investing sign MoU to advance Structured Notes business

ABU DHABI, United Arab Emirates, Nov. 28, 2023 (GLOBE NEWSWIRE) — First Abu Dhabi Bank (FAB), the largest bank in the UAE, and Halo Investing, a global leader in Protective Investments™, headquartered in Chicago with offices in Abu Dhabi and Zurich, have signed a Memorandum of Understanding (MoU) to enhance FAB’s structured notes business on […]

ABU DHABI, United Arab Emirates, Nov. 28, 2023 (GLOBE NEWSWIRE) — First Abu Dhabi Bank (FAB), the largest bank in the UAE, and Halo Investing, a global leader in Protective Investments™, headquartered in Chicago with offices in Abu Dhabi and Zurich, have signed a Memorandum of Understanding (MoU) to enhance FAB’s structured notes business on a global scale.

The MoU establishes a framework for collaboration between FAB and Halo in Abu Dhabi, highlighting a strong commitment to innovation and unwavering dedication to providing FAB clients with an exceptional investment experience.

Structured notes, a popular financial product among investors seeking customized risk-reward profiles, have experienced a surge in demand in recent years. Halo’s cutting-edge technology streamlines the investment process for structured notes, providing investors with access to a wide range of structured products while enabling financial institutions to optimize their offerings.

Sadiq Hussain, Senior Executive Officer at Halo Investing MEA Ltd in ADGM, expressed enthusiasm for the collaboration, stating, “We are excited to work alongside FAB, an esteemed institution with a strong commitment to innovation and client success. By leveraging our cutting-edge technology, FAB is poised to reshape the landscape of structured notes in the global financial markets.”

Michel Longhini, Global Head of Private Banking at FAB, said, by utilizing the capabilities of HALO’s platform, our goal is to improve the effectiveness, clarity, and availability of structured notes for our clients. This effort will empower us to provide more customized investment solutions, fine-tuning risk-return profiles, and maximizing investment opportunities for our clients. This collaboration aligns with our dedication to customer success and our determination to offer cutting-edge investment products that address the changing demands of the market. We eagerly anticipate the potential outcomes of this partnership and look forward to working in tandem with HALO to instigate positive transformations in our structured notes offering.

The MoU signed during the Abu Dhabi Finance Week (ADFW) in ADGM is poised to enable investors to access a wider range of investment products and solutions, all with the confidence and convenience associated with a global financial leader like FAB. This strategic MoU positions both parties for growth and success in the ever-changing global financial landscape.

About First Abu Dhabi Bank (FAB)

Headquartered in Abu Dhabi with a strategic global footprint across 20 markets, FAB is the finance and trade gateway to the Middle East and North Africa region (MENA). With total assets of AED 1.2 trillion (USD 323 billion) as of September-end 2023, FAB is among the top 50 banks globally by market capitalisation and one of the world’s largest banking groups. The bank provides financial expertise to its wholesale and retail client franchise across four business units: Investment Banking, Corporate and Commercial Banking, Consumer Banking, and Global Private Banking. FAB is listed on the Abu Dhabi Securities Exchange (ADX) and rated Aa3/AA-/AA- by Moody’s, S&P and Fitch, respectively, with a stable outlook. On sustainability, FAB holds an MSCI rating of ‘A’, also ranked among the top 10% of banks globally by Refinitiv’s ESG Scores and the best performer in the MENA region.  FAB is a strategic pathway partner of the 28th UN Climate Change Conference of Parties (COP28), which is being held in the UAE from November 30 to December 12, 2023.

For further information, visit: www.bankfab.com

About Halo Investing

Founded in 2015, Halo Investing, Inc. is an award-winning technology platform that disrupts how protective investment solutions are used worldwide. Headquartered in Chicago, with offices in Abu Dhabi and Zurich, Halo is democratizing access to investment solutions that were previously unavailable to most investors. Halo has received a growing number of honors and was recently named one of Fast Company’s Ten Most Innovative Companies.

Halo Investing MEA Ltd in Abu Dhabi is regulated by ADGM’s Financial Services Regulatory Authority.

For more information, please visit: www.haloinvesting.ae

For media inquiries, please contact:

First Abu Dhabi Banking
PR & Media Team
PRandmedia@bankfab.com
Halo Investing
Vladislav Moldavskiy
vlad.moldavskiy@haloinvesting.com

 GlobeNewswire Distribution ID 8986393

Nyxoah Strengthens its Executive Leadership Team

Francis Kim appointed as Chief Regulatory and Quality Officer Mont-Saint-Guibert, Belgium – November 28, 2023, 10:30pm CET / 4:30pm ET – Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) (“Nyxoah” or the “Company”), a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA), today announced the appointment of Francis […]

Francis Kim appointed as Chief Regulatory and Quality Officer

Mont-Saint-Guibert, Belgium – November 28, 2023, 10:30pm CET / 4:30pm ET – Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) (“Nyxoah” or the “Company”), a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA), today announced the appointment of Francis Kim as Chief Regulatory and Quality Officer. Francis will be leading Nyxoah’s Global Regulatory and Quality departments.

Francis is a highly experienced global regulatory and quality executive in the healthcare industry, having spent more than 25 years in the medical device and life sciences sector. Francis has led Regulatory and Quality departments at Medtronic, Philips, and other companies, including introducing several innovative products and therapies to the market.

“Nyxoah is entering the most exciting time in the Company’s history, with data from the DREAM U.S. pivotal study in early 2024, followed by submission of the final module in our modular PMA and FDA approval expected by the end of the year. I am excited having someone with Francis’ regulatory and quality experience joining Nyxoah at this important time, and I look forward to continued investments as we prepare to for a U.S. market entrance,” commented Olivier Taelman, Nyxoah Chief Executive Officer.

About Nyxoah
Nyxoah is a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA). Nyxoah’s lead solution is the Genio® system, a patient-centered, leadless and battery-free hypoglossal neurostimulation therapy for OSA, the world’s most common sleep disordered breathing condition that is associated with increased mortality risk and cardiovascular comorbidities. Nyxoah is driven by the vision that OSA patients should enjoy restful nights and feel enabled to live their life to its fullest.

Following the successful completion of the BLAST OSA study, the Genio® system received its European CE Mark in 2019. Following the positive outcomes of the BETTER SLEEP study, Nyxoah received CE mark approval for the expansion of its therapeutic indications to Complete Concentric Collapse (CCC) patients, currently contraindicated in competitors’ therapy. Additionally, the Company is currently conducting the DREAM IDE pivotal study for FDA and U.S. commercialization approval.

For more information, please visit http://www.nyxoah.com/.

Caution – CE marked since 2019. Investigational device in the United States. Limited by U.S. federal law to investigational use in the United States.

Contacts:
Nyxoah
David DeMartino, Chief Strategy Officer
david.demartino@nyxoah.com
+1 310 310 1313

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GlobeNewswire Distribution ID 1000901624