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Abu Dhabi Securities Exchange (ADX) welcomes the listing of Pure Health “PureHealth”, the largest integrated healthcare platform in the Middle East

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  • PureHealth listing marks ADX’s 6th IPO in 2023 and raised a total of $986 million (AED 3.62 billion).  
  • The total value of IPOs on ADX in 2023 stood at $5.57 billion

ABU DHABI, UAE, Dec. 20, 2023 /PRNewswire/ — Abu Dhabi Securities Exchange (ADX), one of the fastest growing exchanges in the world, welcomed today the listing of PureHealth, the largest integrated healthcare platform in the Middle East. 

PureHealth’s Initial Public Offering (IPO) raised a total of AED 3.62 billion ($986 million) and was oversubscribed by 483 times in the retail tranche and by 54 times in the professional subscribers tranche. This listing also marks the 6th IPO on ADX this year.  The total value of IPOs on ADX in 2023 stood at $5.57 billion

Commenting on the listing, Abdulla Salem Alnuaimi, Chief Executive Officer of ADX, said:  “We warmly welcome PureHealth to the ADX family and look forward to their invaluable contribution towards the healthcare services sector in the UAE and beyond. This year, we have witnessed strong investors’ interest and participation towards the various dynamic listings and initiatives on the ADX platform. We aim to continuously strengthen our market infrastructure and trading offerings and investment services to enable more local and global companies to achieve their capital raising and investment ambitions. At ADX, we are committed to fulfilling Abu Dhabi’s economic strategy and expanding the sustainable growth and development of capital markets in the UAE and wider Middle East region.”

PureHealth joins a growing group of both local and global healthcare service providers on ADX, demonstrating the Exchange’s role as a hub for healthcare investments and providing opportunities for the exchange’s investors to further diversify their portfolios. The company’s global footprint in the United States and the United Kingdom reflects the growing internationalization of ADX and highlights ADX’s active role in augmenting Abu Dhabi’s economic growth and diversification. 

Farhan Malik, Founder and Managing Director of PureHealth, said, ” PureHealth’s listing on ADX has surpassed IPO records on the exchange, making this a significant milestone in our journey. As the largest integrated healthcare platform in the Middle East, we are proud of the role we continue to play in shaping the healthcare sector for Abu Dhabi and beyond. We will continue to transform healthcare, in line with the vision of Abu Dhabi’s leadership, together delivering accessible, world-class healthcare backed by the latest in AI technology and supported by continued public and private sector collaboration. PureHealth is now becoming into a healthcare equity platform where our focus will be on international expansion. This listing will further support our equity growth story by enabling us in taking the organization from Abu Dhabi to the World.” 

PureHealth IPO rounds out a strong year for ADX. Some notable listings in 2023 include the largest-ever IPO on ADX of ADNOC Gas at $2.5 billion, ADIB’s world’s first Dollar-denominated sukuk with $500 million value of issuance, the IPO of Presight AI at approximately $496 million, to name a few.

About Abu Dhabi Securities Exchange

Abu Dhabi Securities Exchange (ADX) was established on November 15, 2000, by Local Law No. (3) Of 2000, the provisions of which vest the market with a legal entity of autonomous status, independent finance and management.  The Law also provides ADX with the necessary supervisory and executive powers to exercise its functions. On March 17, 2020, ADX was converted from a “Public Entity” to a “Public Joint Stock Company PJSC” pursuant to law No. (8) of 2020. ADX is part of ADQ, one of the region’s largest holding companies with a broad portfolio of major enterprises spanning key sectors of Abu Dhabi’s diversified economy.

ADX is a market for trading securities; including shares issued by public joint stock companies, bonds issued by governments or corporations, exchange traded funds, and any other financial instruments approved by the UAE Securities and Commodities Authority (SCA). ADX is the second largest market in the Arab region and its strategy of providing stable financial performance with diversified sources of incomes is aligned with the guiding principles of the UAE “Towards the next 50” agenda. The national plan charts out the UAE’s strategic development scheme which aims to build a sustainable, diversified and high value-added economy that positively contributes to transition to a new global sustainable development paradigm.    

For more information, please contact:

ADX
Abdulrahman Saleh ALKhateeb
Manager of Corporate Communication 
Mobile: +971 (50) 668 9733
Email: [email protected] 

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About PureHealth
By advancing the science of longevity, PureHealth is introducing the healthcare of the future from the UAE to the rest of the world. PureHealth is the largest integrated healthcare platform in the Middle East, with an ecosystem that challenges lifespans and reimagines health spans. With 25+ hospitals, 100+ clinics, multiple diagnostic centers, health insurance solutions, pharmacies, health tech, procurement, investments and more, its groundbreaking innovations are at the forefront of healthcare, as the company is on a mission to unlock time for humankind.

PureHealth’s network of healthcare facilities across Abu Dhabi and the Northern Emirates comprises: 
•    SEHA – Abu Dhabi Health Services Company – One of the largest healthcare networks of hospitals and clinics in the UAE
•    Daman – The National Health Insurance Company, the UAE’s leading health insurer
•    The Medical Office – Overseeing Sheikh Khalifa Hospitals and healthcare facilities established under the initiatives of H.H. the President of the UAE
•    Rafed – The UAE’s largest healthcare Group Purchasing Organization
•    PureLab – Managing and operating the largest network of laboratories in the region
•    Abu Dhabi Stem Cells Center – Specialist healthcare center focused on cell therapy and regenerative medicine
•    One Health – Sales, service support, and engineering network that provides end-to-end medical solutions
   The Life CornerAbu Dhabi’s first holistic pharmacy, serving the health and wellness establishment
•    Ardent – The fourth largest privately held acute care hospital operator in the USA

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Heidrick & Struggles Announces 2025 Global and Regional Leader Appointments

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The promotions span across six practice areas and three regions to drive growth in 2025 and beyond

CHICAGO, Jan. 6, 2025 /PRNewswire/ — Heidrick & Struggles (Nasdaq: HSII), a premier provider of global leadership advisory and on-demand talent solutions, today announced key global and regional leader appointments, effective January 1, 2025. The appointed leaders will continue advancing the firm’s objective of delivering exceptional value to clients by fostering differentiated, deep, and durable relationships.

“Having the right leadership in place is increasingly crucial to business performance, growth, and prosperity, making our work more important than ever,” said Tom Monahan, CEO, Heidrick & Struggles. “This dynamic group embodies our values as a firm as well as our unwavering commitment to delivering superior client service. We’re excited to promote these outstanding leaders as they continue to shepherd our clients through their most pressing business and talent challenges.”

These leaders span Heidrick & Struggles’ priority practice and solution areas, as well as multiple regions globally.

Individuals appointed to Regional Leader:

Individual appointed to Global Managing Partner:

  • Todd Taylor, Client Driven Growth, a newly created role

Individuals appointed to Executive Search Global Practice Managing Partner:

Individuals appointed to Executive Search Regional Practice Managing Partner:

  • Liz Langel, Americas, Financial Services Practice
  • Ina Sood, Americas, Healthcare & Life Sciences Practice
  • David Burd, Americas, Corporate Officers Practice
  • David Crawford, Asia Pacific & Middle East, Global Technology & Services Practice
  • Tom Cunningham, Europe & Africa, Global Technology & Services Practice
  • Sarah Driscoll, Europe & Africa, Global Technology & Services Practice
  • Roman Wecker, Europe & Africa, Industrial Practice

Individuals appointed to Partner-in-Charge:

Individual promoted in Heidrick Consulting:

  • Eric Joseph, leading North America on an interim basis

About Heidrick & Struggles
Heidrick & Struggles (Nasdaq: HSII) is a premier provider of global leadership advisory services and on-demand talent solutions, serving the senior talent and consulting needs of the world’s top organizations. Heidrick & Struggles pioneered the profession of executive search more than 70 years ago. Today, we partner with clients to develop future-ready leaders and organizations, combining our expertise in executive search, leadership consulting, and on-demand, critical talent solutions to achieve the highest levels of profitability and performance. Helping our clients change the world, one leadership team at a time.® www.heidrick.com 

Media Contact
Bianca Wilson
Global Director, Public Relations
Heidrick & Struggles
[email protected]

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Finastra announces leadership transition: welcoming Chris Walters as new CEO

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LONDON, Jan. 6, 2025 /PRNewswire/ — Finastra, a global provider of financial services software applications, today announced a significant leadership transition. After nearly a decade of transformative leadership, Simon Paris will step down from his role as Chief Executive Officer. Chris Walters has joined Finastra and will assume the role of Chief Executive Officer.

Chris brings a wealth of experience from senior executive leadership positions, driving innovation and scaling technology companies. He recently served as CEO of Pluralsight and Avantax, a leading company within Financial Services, where he orchestrated significant performance improvement and the company’s successful sale. Prior to Pluralsight and Avantax, Chris served in a variety of leadership roles, including being a Partner at McKinsey & Company and the COO of Bloomberg Industry Verticals Group.

On his appointment, Chris said, “I’m excited to join Finastra at this pivotal moment in its journey and am impressed by the significant progress that has been made during Simon’s leadership. I look forward to working with the talented team to drive sustainable growth and continue to deliver more value to our customers, team members, and investors.”

Under Simon’s stewardship, the company has achieved remarkable milestones, including:

  • Leading the charge in Open Finance, following the merger of Misys and D+H in 2017 to form Finastra
  • Building a loyal customer base of over 8,000 clients in 130 countries, including 45 of the world’s top 50 banks
  • Achieving recognition as a leader in Generative AI, with all employees upskilled and ~50 capabilities in progress from ideation to production stages
  • Garnering extensive market accolades, including multiple product, culture, and leadership awards, and being named the #1 Banking Technology company, the #2 Financial Technology company, and appearing in the top 15 Software companies worldwide in 2024 alone
  • Delivering record financial performance and double-digit Annual Recurring Revenue (ARR) growth

As Finastra embarks on its new strategic sprint in 2025, the company is well-positioned for continued success. During the transition period, Simon and Chris will work closely together to ensure a smooth handover.

Simon reflected on his tenure, saying, “This journey with Finastra has been a privilege. Chris is a seasoned professional, and I am honored to ‘pass the baton’ to him. I leave incredibly proud of what Finastra has achieved so far and excited for the company’s future under Chris’s leadership.”

About Finastra
Finastra is a global provider of financial services software applications across Lending, Payments, Treasury and Capital Markets, and Universal (retail and digital) Banking. Committed to unlocking the potential of people, businesses and communities everywhere, its vision is to accelerate the future of Open Finance through technology and collaboration, and its pioneering approach is why it is trusted by ~8,100 financial institutions, including 45 of the world’s top 50 banks. For more information, visit finastra.com.

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DXC Technology’s AI Impact Helps Customers Across Industries Innovate with AI

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AI Impact leverages DXC’s combined consulting, engineering, and secure enterprise services

ASHBURN, Va., Jan. 6, 2025 /PRNewswire/ — DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, today announced AI Impact, an approach designed to help solve customers’ most pressing challenges. By combining DXC consulting, engineering and secure enterprise services, DXC will help clients across industries securely innovate and drive real business outcomes with AI.

DXC takes a pragmatic approach to AI by focusing on developing solutions that solve real world challenges and support business growth. With DXC’s AI Impact, customers benefit from DXC’s vast industry expertise and technology experience to build solutions, services and experiences together that will deliver real business outcomes using the latest technology innovation. Read more about DXC’s approach here

“AI has already captured the attention and imagination of industries everywhere. From AI agents to autonomous driving and personalized medicine, companies are taking steps to unlock value from AI, which promises to reshape our world,” said Howard Boville, EVP, Consulting & Engineering Services – Powered by AI. “With DXC’s AI Impact approach, we are helping to push the boundaries of what AI makes possible, guided by our team of consulting, engineering and technology experts to address our clients’ most pressing challenges.”

Customers across industries are leveraging AI Impact, including:

  • Automotive: DXC is helping customers leverage AI-powered diagnostic tools to make it easier for automotive manufacturers and service providers to identify potential issues before they become critical, reducing downtime and maintenance costs. DXC is also helping customers leverage AI to personalize every aspect of a vehicle, including personal assistants that learn a driver’s preferences and habits over time to make more intuitive recommendations.
  • Public Sector: To provide more transparency, governments are using DXC AI Impact to efficiently engage with citizens and make it easier for them to access public services. This includes the use of AI Agents and AI enhanced processes that streamline and simplify tax, national lending and even public healthcare processes.
  • Financial Services and Insurance: DXC is helping customers optimize operations, from underwriting and risk assessment to claims processing and customer service. By working with DXC, financial institutions are leveraging chatbots to make it easy for human agents to respond faster and more accurately to customer inquiries by analyzing thousands of documents in minutes with Generative AI.
  • Healthcare: DXC implemented an AI-powered app to help measure patient symptoms in real-time, analyzing data to provide clinicians with insights that enable more accurate diagnoses and treatment plans, improving the quality of care and proactively addressing prescription resistance.

For more information on DXC AI Impact and how we’re working with the most innovative industry leaders to securely innovate, visit here.

Forward Looking Statements

All statements in this press release that do not directly and exclusively relate to historical facts constitute “forward-looking statements.” These statements represent current expectations and beliefs, and no assurance can be given that any result, goal or plan set forth in any forward-looking statement can or will be achieved. Such statements are subject to numerous assumptions, risks, uncertainties and other factors that could cause actual results to differ materially from those described in such statements, many of which are outside of our control. For a written description of these factors, see the section titled “Risk Factors” in DXC’s Annual Report on Form 10-K for the fiscal year ended March 31, 2024, and any updating information in subsequent SEC filings. Readers are cautioned not to place undue reliance on such statements which speak only as of the date they are made. We do not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date of this document or to reflect the occurrence of unanticipated events, except as required by law.

About DXC Technology

DXC Technology (NYSE: DXC) helps global companies run their mission-critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private and hybrid clouds. The world’s largest companies and public sector organizations trust DXC to deploy services to drive new levels of performance, competitiveness, and customer experience across their IT estates. Learn more about how we deliver excellence for our customers and colleagues at DXC.com.

CONTACT: Mihir Bellamkonda, Media Relations, [email protected]; Roger Sachs, Investor Relations, [email protected]

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