RAMALLAH, Palestine, Oct. 7, 2024 /PRNewswire/ — Arab Palestinian Investment Company (APIC) has announced entering into a strategic partnership with Reema Hygienic Paper Company (Reema) through the acquisition of a 51% stake in the company. The agreement was signed by Tarek Aggad Chairman and CEO of APIC, and Reema shareholders:  Nabil and Omar Alhaj Abed, Jadallah Jadallah, and Al Hur investments Co. represented by Lana Alhaj Abed and Nadine Issa.

Aggad stated that this acquisition aligns with APIC’s strategy to bolster its investment footprint in Palestine, with a particular focus on the manufacturing and consumer goods sectors. Aggad emphasized that, despite the harsh and challenging conditions in Palestine due to the ongoing war on Gaza, APIC’s investment underscores its unwavering commitment to supporting local industries and employment in Palestine.  Furthermore, this move is set to deliver significant value to APIC, its subsidiaries, shareholders, and the communities in which it operates.

Aggad emphasized that this acquisition represents the onset of a promising partnership that is expected to drive significant value creation for both parties. Through this investment, APIC will partner with the existing shareholders to further institutionalize and expand the business particularly by uplifting its sales through APIC’s subsidiary, Unipal, which is the leading and largest distributor of fast-moving consumer goods in Palestine with a vast network of over 6,000 retail outlets.

Aggad further affirmed that the “Reema” brand name will be preserved, and the current shareholders and directors will continue in their roles, collaborating with APIC to advance the company’s growth trajectory.

Nabil Alhaj Abed expressed his pride in signing this strategic partnership, affirming that the next phase will witness close cooperation with APIC’s management to steer Reema’s development in alignment with its future vision and aspirations. He added that this collaboration will accelerate the company’s growth, enhance its market presence locally and regionally and foster innovation.

On his part, Jadallah Jadallah said that Reema, which was founded in 1982, stands as the premier player in Palestine’s sanitary paper industry, employing over 90 skilled professionals across manufacturing, marketing, sales, and logistics, with a market share of around 40%.

APIC is a public shareholding investment holding company listed on the Palestine Exchange (PEX: APIC). It holds diversified investments across the manufacturing, trade, distribution and service sectors in Palestine, Jordan, Saudi Arabia, the United Arab Emirates, Iraq and Turkey through its group of subsidiaries: Siniora Food Industries Company; Unipal General Trading Company; Palestine Automobile Company; Medical Supplies and Services Company; National Aluminum and Profiles Company (NAPCO); Sky Advertising and  Public Relations and Event Management Company; Arab Leasing Company and Arab Palestinian Storage and Cooling Company, employing over 3,150 staff through its group of subsidiaries.

For more information on APIC, visit www.apic.ps

For more information on Reems, visit www.reema.ps

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Adyen, the global financial technology platform of choice for leading businesses, today announces the appointment of Ben Wong as General Manager, Southeast Asia and Hong Kong. In his new role, Ben will oversee the company’s commercial operations in the region, focusing on growth strategies and strengthening partnerships in key markets like Singapore, Malaysia and Hong Kong.

A Singaporean native, Ben joined Adyen in 2016 in a technical role where he acted as a technology consultant to deliver strategic counsel to enterprises, at a time when the payments industry was in its nascency. Since making the switch to sales in 2017, Ben has led the company to major successes across retail, ecommerce, hospitality industries. His technical acumen, coupled with a deep understanding of the market and merchants’ needs has also allowed him to guide the commercial teams to deliver cross-channel payments excellence to businesses in Singapore.

Prior to Adyen, Ben spent half a decade working in fintech, information technology and project management. His tenure at previous organizations built a strong foundation for technical expertise and problem-solving skills in the fast-evolving payments industry.

“We are thrilled to have Ben in this new role, bringing his expertise and insights from working with customers in different sectors to the broader region,” said Warren Hayashi, President, Asia Pacific at Adyen. “Singapore, Malaysia and Hong Kong have been pivotal markets for us and with Ben’s demonstrated experience in Adyen, we are confident that he will lead the region to address the ever-evolving needs of our customers.”

“I am honored to step into this new role and contribute to Adyen’s continued growth,” said Ben Wong, General Manager, Southeast Asia and Hong Kong at Adyen. “My deep roots in the industry fuel my drive for creating exceptional experiences for consumers and building strong, lasting partnerships with our customers. I look forward to driving the business forward and achieving sustained growth for our customers and us in a region filled with immense potential.”

The post Adyen appoints Ben Wong as General Manager, Southeast Asia and Hong Kong appeared first on HIPTHER Alerts.

SOMERVILLE, N.J. and RIYADH, Saudi Arabia, Oct. 7, 2024 /PRNewswire/ — Trascent, a global leader in facilities management advisory services, and Gulaid Holding, a renowned investor within Saudi Arabia’s facilities management sector, have joined forces to launch Trascent Arabia, a joint venture designed to provide value added and differentiated services focused on the Kingdom’s facilities management (FM) industry. The new entity will provide innovative solutions aligned with Saudi Vision 2030, which will focus on transforming the way FM services are delivered across the country and Gulf region.

Trascent is globally established for thought leadership and expertise in structuring and governing the delivery of best-in-class FM services, drawing from Trascent’s experience in advising more than 20% of the Fortune 500 on outsourcing FM across diverse markets. Complemented by Gulaid Holding’s 15-year deep understanding of the Saudi market and local capabilities, Trascent Arabia aims to enhance FM service quality and efficiency through best practices in contracting and managing FM services. The joint venture aims to address unmet market demands by offering cutting-edge advisory, contract management, and program management services.

Rakesh Kishan, Chief Executive Officer of Trascent Arabia and Managing Principal of Trascent, explained, “Trascent Arabia will bring market-leading expertise in advanced contracting models for facilities management at a time where clients are seeking better and more innovative solutions in FM. By combining Gulaid’s deep local knowledge with Trascent’s market leading capabilities, we are positioned to deliver world-class services that support the increasing demands of facilities management in Saudi Arabia. As the Kingdom invests heavily in new cities, infrastructure, entertainment, and other investments, our services will enable clients to achieve FM excellence for residents, tourists, and businesses alike.”

According to a recent report by Fortune Business Insights, the FM sector in Saudi Arabia is projected to reach US$56.33 billion by 2032, growing at a compounded annual rate of 10.3% from 2023. With the Kingdom undergoing a transformation for Vision 2030, the FM industry faces increasing pressure to move beyond traditional manpower-based services to more sophisticated, customer experience-led solutions. Trascent Arabia will help clients achieve advanced FM services tailored to support key national mega projects, such as NEOM, Qiddiya, and the Red Sea Project.

Naser Gulaid, Executive Chairman of Gulaid Holding, added, “For the past 15 years, Gulaid Holding has been a leading investor in Saudi Arabia’s FM industry. With Vision 2030 raising the bar for excellence, Trascent Arabia will help to bridge the gap between current market capabilities and future demands. Our services will not only enhance operational efficiencies but also introduce technology-driven FM strategies that focus on customer experience, sustainability, and efficiency, perfectly aligning with the Kingdom’s vision for growth. Our clients want innovative, experience-led services, and that’s exactly what Trascent Arabia is bringing to the table.”

Trascent Arabia will focus on three core service areas: management consulting services – advising clients on how to structure FM contracts, develop service specifications and deploy best practices in commercial models; contract execution and management – providing a single point of contact for ensuring compliance performance across FM contracts; and program management – overseeing key client initiatives, including energy efficiency and sustainability projects, ensuring their effective and timely implementation.

The joint venture aims to position Trascent Arabia as a key FM resource to clients in Saudi Arabia. Trascent Arabia will be led by an experienced executive team with deep knowledge of local dynamics and global FM best practices.

For more information about Trascent Arabia, visit https://trascent.com/trascent-arabia or contact [email protected].

About Trascent Arabia
Trascent Arabia is a joint venture between Trascent and Gulaid Holding, combining global expertise in facilities management (FM) with local insights into the Saudi Arabian market. The company provides management consulting, contract management, and program management services to help clients optimize their facilities management operations. Trascent Arabia is committed to excellence in FM services across Saudi Arabia and the Gulf region. For more information, visit https://trascent.com/trascent-arabia 

About Trascent
Trascent, a global management consulting firm, drives measurable performance improvements and quantifiable results in all facets of corporate real estate (CRE), including facilities management. Areas of focus include a range of services on how corporations can better structure and deliver CRE services through novel technology and high-performance outsourcing relationships. With a global presence, Trascent’s solutions help clients pinpoint strategic opportunities and implement transformational initiatives, leveraging global and in-region market intelligence, and proven methodologies. Trascent’s clients span over 20 industries, including life sciences, financial services and technology. www.trascent.com

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About Gulaid Holding
Founded in 1993 by Mr. Ahmed Gulaid, Gulaid Holding is a pivotal force in advancing Saudi Arabia’s 2030 Vision through its active involvement in various industries such as Mining, Sustainability, Asset Management, Facilities Management and Leisure. The company is built on a foundation of integrity and is dedicated to leading through innovation and ethical practices. Committed to value creation through strategic Shariah-compliant investments, Gulaid Holding enhances industry standards and drives both economic and social advancements across the Kingdom, managing significant assets in the Kingdom of Saudi Arabia, other Countries within the GCC and the UK.

CONTACT: Yvonne Liu, Managing Director, Marketing, Trascent, [email protected], +1 646 295 4299

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