Day: July 15, 2024

Ittihad Successfully Completes $100 Million Tap Issue of Initial $350 Million Sukuk:

ABU DHABI, United Arab Emirates, July 15, 2024 (GLOBE NEWSWIRE) — Ittihad is pleased to announce the successful completion of a $100 million tap issue of its $350 million sukuk, originally issued in November 2023. The sukuk, which carries a coupon interest rate of 9.75%, will mature in November 2028.

The tap issuance was placed at an issue price of 102.1, resulting in a yield of 9.0%. This yield reflects an improvement over the original terms.

The proceeds from this new issue will be utilized to refinance existing debt, thereby extending the company’s debt maturity profile and enhancing its financial flexibility.

The tap issue garnered strong interest from international investors, who accounted for 70% of the new issue (34.5% from the US Offshore accounts, 22% from the UK and 13.5% from Europe), with the remaining 30% from regional asset managers. This significant international participation underscores the growing confidence in Ittihad’s strong financial profile and enhances the diversification of its investor base, serving the company’s long-term strategic goals. The demand from investors is a testament to Ittihad’s enduring success story and its ability to attract and retain the confidence of regional and international investors. The company remains committed to its strategic objectives and will continue to pursue initiatives that strengthen its financial position and drive sustainable growth.

J.P. Morgan acted as sole lead manager and bookrunner on this transaction.

For further information, please contact:

Wasfi Al Tayara
Corporate Finance and Investor Relations Manager
+971 2 6581888
investor.relations@ittihadinvestment.ae

NOT FOR RELEASE, PUBLICATION OR DISTRIBUTION, DIRECTLY OR INDIRECTLY, IN WHOLE OR IN PART IN OR INTO THE UNITED STATES OR TO, OR FOR THE ACCOUNT OR BENEFIT OF U.S. PERSONS (AS DEFINED IN REGULATION S UNDER THE U.S. SECURITIES ACT OF 1933, AS AMENDED (THE “SECURITIES ACT”)) OR ANY OTHER JURISDICTION WHERE IT WOULD BE UNLAWFUL TO DO SO.

About Ittihad
Ittihad is a privately owned business founded in 2008 and headquartered in the United Arab Emirates (UAE), with investments in the UAE, Saudi Arabia, and Egypt. The Company exports products and services to over 50 countries worldwide. It has a talented team of more than 8,000 members from over 57 nationalities with sector-wide expertise and a commitment to operational excellence.

Since 2015, Ittihad has pursued a strategy of investing in businesses with leading domestic positions in the UAE and the Gulf Cooperation Council (GCC), as well as strong international export potential. The Company focuses on long-term investments, all structured for business-to-business (B2B) export and designed to capture the unique value proposition offered by the UAE and the region.

Ittihad is committed to powering wealth creation through assets that balance profitability with sustainability and generate positive outcomes for stakeholders, society, and the planet.

This information is provided by Reach, the non-regulatory press release distribution service of RNS, part of the London Stock Exchange. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.

GlobeNewswire Distribution ID 9177963

Philadelphia, Pennsylvania, July 15, 2024 (GLOBE NEWSWIRE) — LS Retail, an Aptos Company has partnered with FreedomPay, the world’s largest independent payment gateway. This partnership enables retail and hospitality businesses that use LS Retail software to deliver simpler, faster payment experiences to their customers with minimum effort.

LS Retail: Supporting businesses around the world

Over 100,000+ retail, restaurant, pharmacy, forecourt, and hospitality businesses already rely on LS Retail software solutions to manage their entire operation. LS Central is LS Retail’s comprehensive retail management system that extends Microsoft Dynamics 365 Business Central ERP with industry-specific functionality. The solution enables businesses to run back-office operations, sales, financials, inventory, eCommerce, customer loyalty, and more on a single platform. LS Pay is an Electronic Fund Transfer (EFT) software solution that enables businesses using LS Central to have a choice when it comes to selecting a payment service provider (PSP) with out-of-the-box support for several PSPs in multiple regions.

FreedomPay: A leader of payment innovation

FreedomPay is a data-driven commerce platform delivering secure, seamless transactions across industries such as retail, food and beverage, and hospitality. The Next Level Commerce platform combines security, identity, payments, loyalty, and business intelligence into one solution, enabling businesses to offer a hyper-personalized purchasing experience for their customers while ensuring the highest level of safety and compliance across all channels.

Enhancing the payment experience together

Thanks to this new partnership, businesses running their operations on LS Retail software will be able to connect not only to FreedomPay, but also to any of the PSPs that leverage the white-labeled FreedomPay technology stack. The LS Pay-FreedomPay integration is available out-of-the-box to LS Central and LS Pay users. Included are advanced payment functionalities, including Point to Point Encryption (P2PE) capabilities and transaction analytics. Currently, the FreedomPay integration is available for PSPs in 75+ countries and continues to expand rapidly across the globe.

By taking advantage of the FreedomPay and LS Pay platforms, merchants can speed up and simplify the payment process across all channels, staying on the cutting edge of omnichannel payment technology without the need for a complex integration project.

“We are looking forward to a long-lasting partnership with FreedomPay,” says Petur Sigurdsson, Product Director of LS Pay at LS Retail. “Unified payments play a crucial role in delivering seamless experiences across all channels and our collaboration with FreedomPay underscores our commitment to providing businesses with the technology they need to stay ahead in a competitive landscape.”

“FreedomPay’s single unified platform brings industry-leading commerce innovation, security and global connectivity to merchants looking to take their businesses to the next level,” said Nate Ware, SVP Sales & Digital Development at FreedomPay. “Our partnership with LS Retail will enable merchants to offer best-in-class technology for a seamless commerce experience.”

About LS Retail, an Aptos Company

LS Retail, an Aptos Company is a world-leading developer and provider of unified software solutions for retail, hospitality, food service, and pharmacy businesses.

The LS Retail solutions unite ERP, Point of Sale, e-commerce, order and inventory management, CRM, advanced analytics and more, in just one platform. Every day, over 100,000 stores, restaurants, pharmacies, resorts, and other businesses in 157 countries run on LS Retail software. Learn more at www.lsretail.com.

 About FreedomPay

FreedomPay’s Next Level Commerce platform transforms existing payment systems and processes from legacy to leading edge and enables merchants to unleash the power of pay. As the premier choice for many of the largest companies across the globe in retail, hospitality, lodging, gaming, sports and entertainment, foodservice, education, healthcare and financial services, FreedomPay’s technology has been purposely built to deliver rock solid performance in the highly complex environment of global commerce.

The company maintains a world-class security environment and was one of the first payment solution providers in North America to be validated by the PCI Security Standards Council. FreedomPay’s robust solutions across payments, security, identity, and data analytics are available in-store, online and on-mobile and are supported by rapid API adoption. The award winning FreedomPay Commerce Platform operates on a single, unified technology stack across multiple continents allowing enterprises to deliver an innovative Next Level experience on a global scale. www.freedompay.com

Jennifer Tayebi
Burson for FreedomPay
+1 734 395 0780
jennifer.tayebi@hillandknowlton.com

GlobeNewswire Distribution ID 9174115

RIYADH, SAUDI ARABIA – Media OutReach Newswire – 15 July 2024 – Sahm Capital Financial Company (SCFC) has recently received from the public about an impersonation scam. Scammers initiate contact by displaying error messages and information on the FAKE WEBSITE you visit which claims to be affiliated with our company.

We sincerely hope to remind our valued customers not to engage with these fraudulent websites as well as other unofficial channels, and please be aware that SCFC is not responsible for any transactions conducted through above mentioned.

To verify the authenticity of our website, please visit our official site at the following link only: (https://www.sahmcapital.com/)

All necessary legal actions against the entities responsible for these fraudulent websites will be taken undoubtedly under all regulatory regimes in every jurisdiction region.

If you have any questions or concerns, please contact us at the following email: (cs@sahmcapital.com) or via phone: (+966920007889)

Thank you for your attention and cooperation.

Sahm Capital Financial Company

Registered in Riyadh, Sahm Capital holds licenses (22251-25) from the Capital Market Authority (CMA) to conduct Dealing, Advising, and Custody services in KSA, making it the first international online brokerage firm to provide online brokerage services in KSA. The company is also a registered member of the Saudi Exchange, as well as its affiliates, the Securities Depository Center Company (Edaa) and the Securities Clearing Center Company (Muqassa). For more information about Sahm, please visit: https://www.sahmcapital.com/

WATERFORD, Ireland, July 15, 2024 (GLOBE NEWSWIRE) — Minimum Deposit Casinos (MDC), a premier online resource for casino enthusiasts, is delighted to announce the successful completion of its comprehensive website redesign. Initiated in May, this ambitious project has seen the migration of all pages and regions to a sleek, modernized interface, enhancing the user experience across the board.

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“We are thrilled to unveil the fully revamped Minimum Deposit Casinos website,” said Ian Dalgety, Senior SEO Analyst at MDC. “Starting in May, our team worked tirelessly to migrate all pages and regions to the new design. Our primary goal is to provide an unparalleled user experience, and we are confident that our users will appreciate the improved functionality and aesthetic of the new site.”

Discover the Best Deals on Low Deposit Casinos

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To explore the updated website and discover its new features, visit Minimum Deposit Casinos.

About Minimum Deposit Casinos

Minimum Deposit Casinos (MDC), a subdivision under OneTwenty Group, is dedicated to offering comprehensive reviews and information on the best minimum deposit casinos. Focusing on accessibility and user satisfaction, MDC helps casino enthusiasts find the perfect gaming experience that suits their budget and preferences.

Media Contact:

Sara Jacobs
SEO PR Strategist
Minimum Deposit Casinos
sara@onetwentygroup.com

Report Issues:

We strive to provide a flawless user experience. If you encounter any bugs or issues on our website, please report them to info@minimumdepositcasinos.org.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/507f1d90-528d-4128-9b40-21d753421a8a

GlobeNewswire Distribution ID 1000971504

Nyxoah Appoints Scott Holstine as Chief Commercial Officer

Mont-Saint-Guibert, Belgium – July 15, 2024, 8:00am CET / 2:00am 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 Scott Holstine as Chief Commercial Officer. In this role, Scott will lead the commercial operations of Nyxoah enabling a successful U.S. launch.

Scott brings over 26 years of experience in the medical device industry with a proven track record in U.S. product launches, building and leading commercial organizations trademarked by strong operational execution. Scott is a passionate advocate for people and talent development. Scott graduated with the Superintendent’s Award for Excellence (Star Wreath) from the United States Military Academy at West Point, NY. After serving as a Captain in the U.S. Army, Scott received his MBA from the University of Minnesota, Carlson School of Management – Minneapolis, MN.

“As we expect FDA approval by the end of 2024, the hiring of an experienced commercial leader is instrumental in further accelerating our U.S. go-to-market strategy into a concrete launch execution plan. This starts with having a commercial team fully operational by year-end. Scott is a dynamic and creative leader with countless accomplishments in building high-performing teams and developing new markets for innovative technologies,” commented Olivier Taelman, Nyxoah Chief Executive Officer. “This appointment is the kickoff of building a team of world-class patient- and clinician-focused professionals, supporting Nyxoah’s mission to make sleep simple again for OSA patients.”

“This is a promising time for patients with OSA. Nyxoah’s strong DREAM study results and Genio’s success in markets outside of the U.S. have demonstrated the potential of Genio’s breakthrough and unique solution. Both patients and physicians are eagerly awaiting a second player in the HGNS field. I am thrilled to be part of the team building out a patient-focused commercial operation that prioritizes the success of our healthcare provider partners in treating OSA,” added Scott.

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. Nyxoah completed two successful IPOs: on Euronext Brussels in September 2020 and NASDAQ in July 2021. 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 announced positive outcomes from the DREAM IDE pivotal study for FDA and U.S. commercialization approval.

For more information, please see the Company’s annual report for the financial year 2023 and 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.

Forward-looking statements

Certain statements, beliefs and opinions in this press release are forward-looking, which reflect the Company’s or, as appropriate, the Company directors’ or managements’ current expectations regarding the entry into of the loan facility agreement and the synthetic warrant agreement with the EIB; the use of proceeds from the loan facility agreement; the Genio® system and ongoing clinical studies of the Genio® system; the potential advantages of the Genio® system; Nyxoah’s goals with respect to the development, regulatory pathway and potential use of the Genio® system; the utility of clinical data in potentially obtaining FDA approval of the Genio® system; reporting data from Nyxoah’s DREAM U.S. pivotal trial; filing for FDA approval; and entrance to the U.S. market. By their nature, forward-looking statements involve a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties, assumptions and factors could adversely affect the outcome and financial effects of the plans and events described herein. Additionally, these risks and uncertainties include, but are not limited to, the risks and uncertainties set forth in the “Risk Factors” section of the Company’s Annual Report on Form 20-F for the year ended December 31, 2023, filed with the Securities and Exchange Commission (“SEC”) on March 20, 2024, and subsequent reports that the Company files with the SEC. A multitude of factors including, but not limited to, changes in demand, competition and technology, can cause actual events, performance or results to differ significantly from any anticipated development. Forward looking statements contained in this press release regarding past trends or activities are not guarantees of future performance and should not be taken as a representation that such trends or activities will continue in the future. In addition, even if actual results or developments are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in future periods. No representations and warranties are made as to the accuracy or fairness of such forward-looking statements. As a result, the Company expressly disclaims any obligation or undertaking to release any updates or revisions to any forward-looking statements in this press release as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward-looking statements are based, except if specifically required to do so by law or regulation. Neither the Company nor its advisers or representatives nor any of its subsidiary undertakings or any such person’s officers or employees guarantees that the assumptions underlying such forward-looking statements are free from errors nor does either accept any responsibility for the future accuracy of the forward-looking statements contained in this press release or the actual occurrence of the forecasted developments. You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release.

Contact:

Nyxoah
David DeMartino, Chief Strategy Officer
IR@nyxoah.com

For Media
Belgium/France
Backstage Communication – Gunther De Backer
gunther@backstagecom.be

International/Germany
MC Services – Anne Hennecke
anne.hennecke@mc-services.eu

Attachment

• ENGLISH_Nyxoah Appoints Scott Holstine as Chief Commercial Officer_FINAL

GlobeNewswire Distribution ID 1000971439