Latest news with #board
Bloomberg
a day ago
- Business
- Bloomberg
Alberta Pension Looks For New CIO Amid Push to Expand Calgary Office
Alberta Investment Management Corp. is hunting for a new chief investment officer as it carries out an overhaul that began last year when the provincial government fired the board and its top executive. The new CIO would be based in Calgary, the largest city in Alberta and the home of Canada's major oil and gas companies. Edmonton-based Aimco is considering both internal and external candidates, according to people familiar with the matter, asking not to be identified because they weren't authorized to speak publicly.
Wall Street Journal
5 days ago
- Business
- Wall Street Journal
Quarterly Reports Are Written for AI
Every quarter, public companies publish a section of their financial report called Management Discussion and Analysis, or MD&A. It's where management explains the financial results in plain language—what happened, why it happened and what might come next. The annual report's version is the most detailed, often written or approved by the board itself. But something has changed. These reports are no longer written only for investors. They are now crafted with algorithms in mind.
Bloomberg
5 days ago
- Business
- Bloomberg
MEG Energy's Board Rejects Strathcona's $4.1 Billion Takeover Bid
By Updated on Save MEG Energy Corp.'s board is urging investors to reject what it calls an 'inadequate, opportunistic' $4.1-billion hostile takeover bid from Canadian oil tycoon Adam Waterous' Strathcona Resources Ltd. The offer is too low and will hurt MEG's share price, the Calgary-based company said in a statement Monday. MEG's board authorized it to begin a strategic review with the potential to find a better offer.
Zawya
5 days ago
- Business
- Zawya
Egypt: Memphis Pharmaceutical targets $5mln profits in FY2025/26
Arab Finance: Memphis Pharmaceutical's board approved the estimated budget for fiscal year (FY) 2025/2026, targeting net profits after tax valued at EGP 300 million, as per a bourse disclosure. This is higher than the EGP 191.46 million net profits as of June 30 th, 2024. The company also aims to generate revenues amounting to EGP 1.597 billion in FY 2025/26, compared to EGP 871.9 million in the previous FY. In the first nine months of FY2024/25, Memphis recorded 125.9% year-on-year (YoY) higher net profits after tax at EGP 375.756 million, compared with EGP 166.368 million. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Argaam
5 days ago
- Business
- Argaam
CMCER OKs 500,000 share buyback, employee share scheme
Canadian Medical Center Co.'s (CMCER) shareholders approved the employee share scheme, while authorizing the board to determine the relevant current and future terms, including the allocation price for each share. The approval came during the extraordinary general meeting (EGM) held on June 15. Shareholders also approved the company's repurchase of a maximum of 500,000 shares, to be allocated within the employee share scheme, CMCER said in a statement to Tadawul. The share buyback will be financed from the company's own resources, and the board will be authorized to complete the repurchase within a maximum period of 18 months from the date of the general meeting. The company will retain the repurchased shares for a period not exceeding 10 years from the date of shareholders' approval. Upon the expiry of this period, the company shall follow the procedures and regulations stipulated in the relevant laws and regulations. Shareholders also authorized the board to distribute interim dividends on a semi-annual or quarterly basis for 2025.
