JEDDAH, Saudi Arabia, May 20, 2024 /PRNewswire/ — Saudi Arabia has been elected to chair the Executive Council of the Arab League Educational, Cultural and Scientific Organization (ALECSO) by selecting its representative and Executive Council member, Mr. Hani bin Moqbel Al-Moqbel, as Chairman for the 2024-2026 term. This decision came after a majority vote, with 18 countries supporting Saudi Arabia, two countries voting for the Moroccan candidate, and one country abstaining. Consequently, Saudi Arabia will lead the Executive Council of ALECSO for the third consecutive term. Qatar was elected Vice-President, and the Hashemite Kingdom of Jordan was chosen as Rapporteur.

This election followed the Executive Council meeting that took place after the 27th session of the General Conference, which concluded on Friday (17th May) in Jeddah, hosted by the Saudi National Committee for Education, Culture, and Science. Council members expressed their gratitude for the positive outcomes and the collaborative work achieved during Saudi Arabia’s previous two terms, spanning two years and ten months.

The General Conference of ALECSO also welcomed Saudi Arabia’s initiative for the “Arab Week at UNESCO” event, praised the initiative, and called on Arab countries to support and participate in the event.  Additionally, the conference condemned the escalating of the Israel conflict.

The General Conference appreciated Saudi Arabia’s proposal to form a special committee to develop the General Conference’s mechanisms and approved the formation of such a committee, chaired by Saudi Arabia and including any interested Arab countries. It also approved the inclusion of a permanent agenda item on the educational, cultural, and scientific conditions of countries experiencing conflicts, crises, disasters, and emergencies for the Executive Council and the General Conference.

The conference called on ALECSO to develop a response plan for educational, cultural, and scientific conditions based on requests from concerned member states in situations of conflicts, crises, disasters, and emergencies to assess their needs and the resulting damages. Additionally, it approved the establishment of a unit for partnerships and self-financing within ALECSO’s organizational structure, as proposed by the Executive Council of the organization.

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• In a historic moment for women’s tennis, PIF will serve as the first-ever naming partner of the WTA Rankings
• PIF and WTA will also work together to enhance and develop initiatives to support players at all levels

NEW YORK, May 20, 2024 /PRNewswire/ — The Public Investment Fund (PIF) and the WTA have today unveiled a multi-year partnership that will support their shared ambition to grow women’s professional tennis and inspire more women and girls around the world to take up the game. The partnership will also enhance and develop initiatives that support players at all levels.

As a Global Partner of the WTA, PIF will become the first-ever naming partner of the WTA Rankings, the highest official rankings for women’s professional tennis players. The PIF WTA Rankings will track players’ journeys, and PIF will work with the WTA to celebrate and support players’ progress and their inspirational, unique stories.  

In addition, as part of its commitment to inspire youth, PIF will work with the WTA to expand existing initiatives and develop new opportunities for young players, providing a significant boost to the game’s next generation of stars.

In February 2024, PIF announced its partnership with the ATP and became the official naming partner of the PIF ATP Rankings. PIF has now become the only global partner across both the WTA and ATP Tours. PIF has also partnered with combined WTA 1000 and ATP Masters 1000 tournaments in Indian Wells, Miami and Madrid, in addition to the Beijing WTA 1000 and ATP 500 events.

The new partnership between the WTA and PIF follows the recent announcement that the season-ending WTA Finals will be hosted in Riyadh for the next three years, starting in 2024, and featuring the top eight singles players and doubles teams in the race to the WTA Finals.

The WTA partnership adds to PIF’s growing sponsorship portfolio, which focuses on investing in people, initiatives and partnerships; and embraces the brand’s four strategic pillars: inclusivity, sustainability, youth and technology. This partnership aligns with numerous other PIF initiatives that focus on women in sport.

Marina Storti, CEO of WTA Ventures, said: “We are delighted to welcome PIF as a Global Partner of the WTA and our first-ever official naming partner of the WTA Rankings. Together, we look forward to sharing the journey of our talented players across the season, as we continue to grow the sport, creating more fans of tennis and inspiring more young people to take up the game.”

Mohamed AlSayyad, Head of Corporate Brand at PIF, said: “Through our partnership with WTA, PIF will continue to be a catalyst for the growth of women’s sport. We look forward to working with the WTA to increase participation and inspire the next generation of talent. Underpinned by PIF’s four strategic sponsorship pillars, this partnership aligns with our ambition to elevate the game and bring positive growth to the sport around the world.”

PIF’s program of sponsorships uncovers new potential, investing in people, initiatives and partnerships that drive positive impact on the global stage. PIF is a catalyst for transformation globally, uplifting and enhancing sport for players, fans, tournaments and stakeholders at every level.

About the PIF WTA Rankings

The PIF WTA Rankings are based on a rolling 52-week, cumulative system with a player’s ranking determined by results at a maximum of 18 tournaments for singles and 12 for doubles. Points are awarded based on the level of tournament and a player’s round-by-round progression at that tournament. Since the introduction of the computer rankings on November 3, 1975, only 29 women have climbed to the top of the singles ranking to become World No. 1. Only 15 women have held the distinction as the singles year-end World No. 1 with 26 women as the doubles year-end No. 1.

About the WTA

Founded by Billie Jean King in 1973 on the principle of equal opportunity, the WTA (Women’s Tennis Association) is the global leader in women’s professional sports. The WTA is one of the world’s most recognizable and high-profile sports organizations, consisting of more than 1600 players representing over 80 nations, all competing to earn WTA rankings points and prestigious tournament titles. The Hologic WTA Tour is comprised of over 70 events and four Grand Slams, spanning 30 countries and regions across six continents with a global audience of one billion. Further information on the WTA can be found at wtatennis.com.

WTA Ventures is the commercial arm of the WTA, created in March 2023 as part of the WTA’s strategic partnership with CVC Capital Partners. It aims to build upon the strong legacy the WTA has established over the past 50 years by further elevating the profile of women’s tennis and accelerating commercial growth for the benefit of fans, players, tournaments and all stakeholders in the sport.

About PIF

The Public Investment Fund (PIF) is one of the largest and most impactful sovereign wealth funds in the world. Since 2015, when the board was reconstituted and oversight transferred to the Council of Economic and Development Affairs, PIF’s board of directors has been chaired by His Royal Highness Crown Prince Mohammed bin Salman bin Abdulaziz, Prime Minister, Chairman of the Council of Economic and Development Affairs, and Chairman of the Public Investment Fund. PIF plays a leading role in advancing Saudi Arabia’s economic transformation and diversification, as well as contributing to shaping the future of the global economy. Since 2017, PIF has established over 90 companies. PIF is building a diversified portfolio by entering into attractive and long-term investment opportunities in 13 strategic sectors in Saudi Arabia and globally. www.pif.gov.sa

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STOCKHOLM, May 20, 2024 /PRNewswire/ — Between 13 May 2024 and 17 May 2024 EQT AB (LEI code 213800U7P9GOIRKCTB34) (“EQT”) has repurchased in total 504,428 own ordinary shares (ISIN: SE0012853455).

The repurchases form part of the repurchase program of a maximum of 2,154,000 own ordinary shares for a total maximum amount of SEK 1,000,000,000 that EQT announced on 22 April 2024. The repurchase program, which runs between 23 April 2024 and 24 May 2024, is being carried out in accordance with the Market Abuse Regulation (EU) No 596/2014 and the Commission Delegated Regulation (EU) No 2016/1052.

EQT ordinary shares have been repurchased as follows:

All acquisitions have been carried out on Nasdaq Stockholm by Skandinaviska Enskilda Banken AB on behalf of EQT.

Following the above acquisitions and as of 17 May 2024, the number of shares in EQT, including EQT’s holding of own shares is set out in the table below.

1) Carry one tenth (1/10) of a vote.
2) EQT AB shares owned by EQT AB are not entitled to dividends or carry votes at shareholders’ meetings.

A full breakdown of the transactions is attached to this announcement.

Contact
Olof Svensson, Head of Shareholder Relations, +46 72 989 09 15 
EQT Press Office, [email protected], +46 8 506 55 334

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/eqt/r/repurchases-of-shares-by-eqt-ab-during-week-20–2024,c3984596

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