Vishal Mega Mart promoter entity sells 14% stake for 7,635 cr28%random_number(xxxx)%

IHC to acquire 41 5% stake in Indias Sammaan Capital for Dh3.6 billion

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Through its modular, platform-as-a-service model, Peko addresses the growing demand among SMEs and mid-market companies for seamless, automated infrastructure that replaces fragmented legacy systems. Samayat Services LLP, one of the promoter entities of supermarket chain Vishal Mega Mart, on Friday divested nearly a 14 per cent stake in the company for ₹7,635 crore through open market transactions. The end of support for Windows 10 on October 14, 2025, highlights the urgency of migrating IT infrastructures to modern, high-performance systems. The AI Hub will serve as a “gateway” for AI adoption built on multiple pillars, including talent, global relationships, and through existing infrastructure The AI Hub will also bridge the gap between innovation and implementation by offering integrated services, including AI consulting, applied research and development, data analytics, prototyping, and advanced computing infrastructure.

Samayat Services LLP sells total of 65.25 crore equity shares in two tranches

  • The investment is expected to strengthen Sammaan Capital’s balance sheet, support its next phase of growth, and enhance its ability to deliver innovative lending solutions across underserved segments.
  • Sammaan Capital added that the partnership with IHC will support its long-term growth ambitions and strengthen its position among well-capitalised financial institutions in the country.
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“We think companies are talent, people at universities are talent, and also those from outside the UAE,” he said. Al Mahmoudi said the concept of talent within the ecosystem goes beyond individuals, extending to institutions and companies both within and outside the UAE. A total of 49 volunteers from the ‘Your Neighbourhood Officer’ initiative were deployed across 77 locations, working alongside response teams in areas including Al Qusais, Bur Dubai, Al Muraqqabat, Al Barsha and Al Rashidiya. Meanwhile in Dubai, Dubai Police volunteers stepped in to support residents across neighbourhoods during the recent heavy rains, returning 279 lost vehicle number plates and helping recover 30 stranded cars from flooded areas. The initiative helps them get replacement vehicle license plates lost during the weather conditions, with delivery directly to their homes without the need to visit service centers. But with troop deployments rising, tanker traffic constrained and one of the world’s most critical export hubs now in the strategic crosshairs, analysts warn the coming weeks may determine whether the current disruption remains contained — or evolves into the most serious global oil shock in more than a decade.

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He explained the Park’s high-performance computing facilities, like the Sharjah Open Innovation Lab (SOILAB), as well as its network and relationship with outside partners will allow it to help provide companies with the support they need to grow. A new AI Hub has been launched in Sharjah aimed at accelerating AI adoption and will bring together infrastructure, partnerships and expertise into one ecosystem that supports companies looking to grow. Defence planners increasingly view the island as a decisive pressure point if tanker traffic through Hormuz remains constrained — a step that could remove 1.5 to 2 million barrels per day of Iranian exports from global markets almost overnight. Disruptions that began in South Asia are already spreading across wider energy markets, according to Wael Sawan, chief executive of Shell. The acquisition of Peko Holdings further strengthens IHC’s global portfolio and reinforces its commitment to backing businesses that enable economic participation, operational efficiency, and sustainable growth across diverse markets.

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