Ahead of the meeting, I want to outline SIMEC's and GFG
's intention to partner with Havilah in a long-term and mutually beneficial manner.
WNS (Holdings) Limited (NYSE: WNS), a provider of global Business Process Management (BPM) services, announced on Friday a new partnership with GFG
Alliance in Australia.
This is the largest single transaction undertaken by GFG
and brings the Alliance's worldwide workforce to nearly 30,000 across 30 counties.
Liberty Steel is part of the GFG
Alliance, a London-headquartered global business, founded and owned by the British Gupta Family, with annual revenue of over USD 15bn and over 15,000 staff.
has recruited Neil Barrell, a senior partner in Grant Thornton, as its global head of integration and performance with a remit to optimise GFG
's growing network of manufacturing operations.
Atlantis Resources changed its name to Simec Atlantis Energy after wrapping up the purchase of Uskmouth power plant in Wales from Simec, the energy arm of GFG
Sanjeev Gupta, executive chairman of the GFG
Alliance, said: "We are taking on new challenges and scaling new heights, and Jon Ferriman is exactly the kind of talented, dynamic and experienced leader we need to take us through this next period of expansion."
In May 2017, the Dubai firm bought a 51 percent stake in Namshi from GFG
for $151 million in 2017 shortly after Amazon.com bought Dubai-based e-commerce website Souq.com.
We thank the GFG
team for their valuable support in driving the growth of Namshi in recent years."
This follows acquiring the remaining stake of Global Fashion Group (GFG
) in Namshi, in an all-cash transaction of AED 475.5 million (Euro 114.3 million; US$ 129.5 million).
They were speaking at the first joint meeting of the board of directors of BAC, Gulf Air Holding Group (GFG
) and Gulf Aviation Academy (GAA) in 2019 under the chairmanship of Transportation and Telecommunications Minister Kamal Ahmed, at GFG
's headquarters in Muharraq.