Technology

Look North World, a New Developer and Publisher of Games for Unreal Engine for Fortnite (UEFN)

Published

1 year ago

July 18, 2023

AAA Developers Alex Seropian & Team Launch First of Several Original Games and Entertainment on Creator Platforms

LOS ANGELES, July 18, 2023 /PRNewswire/ — Look North World today welcomes gamers to be a part of their new community-focused game studio, starting with the launch of their first game, Outlaw Corral, available now in Unreal Engine for Fortnite (UEFN). Driven to experiment and explore the building of unique high-quality social games and entertainment, the studio will deliver experiences that bring players together in virtual spaces and gaming platforms. Look North World is led by developers with AAA hits in their back pockets and quirk in their brains such as Alex Seropian of Bungie, Disney and Industrial Toys fame, and Patrick Moran, formerly from Amazon, Disney and Kongregate.

Outlaw Corral, a wild west island featuring skill-based shootouts, is the first of several games in development. Players are able to have an active role in providing input to future Look North World games by joining the company’s Discord. The first 1,000 Discord members will be automatically added to the company’s Beta Test channel to help test new games before release.

“Developing in UEFN opens a whole new world of opportunities and we are in uncharted territory. Through experimentation we will see what the players like and involve them in decisions. We will throw in a mix of fun game components that players love with a healthy dose of humor when we can,” said CEO Seropian. “We are jumping into it with a ‘the virtual sky is the limit’ mentality. As we develop creative ideas, we will learn how these platforms engage, entertain and boost social interactions in order to iterate accordingly.”

Look North World also includes several industry wizards from Industrial Toys/EA. These talents include CTO Jay Pecho, Principal Artist Aaron Marroquin, Art Director Prashant Patil and Creative Director Kyle Marks. Look North World’s seed round is led by London Venture Partners, a leader in gaming-focused venture capital funding. They are joined in this initial round by 1Up Ventures and Hibbard Road Partners.

“With an impressive track record under their collective belts, this AAA team led by Alexander Seropian is set to revolutionize the way games are made,” said Matt Bilbey, partner at London Venture Partners. “We are excited to be on this journey with Look North World as they work with the gaming community to shape new game concepts, storylines, and designs.

About Look North World

Founded in 2023 by game industry hit makers Alex Seropian and Patrick Moran, Look North World is a game studio driven to experiment and explore while focusing on building unique high-quality social games and entertainment. Funding led by London Venture Partners, a leader in gaming focused venture capital, Look North World will bring players together in community-driven virtual spaces and experiences. https://looknorth.world/

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SOURCE Look North World

Technology

Max Stock Limited Announces Change in Shares Held by an Interested Party

Published

18 minutes ago

November 24, 2024

CAESAREA, Israel, Nov. 24, 2024 /PRNewswire/ — Max Stock Limited (TASE: MAXO(; )the “Company”, “Max Stock“) today announced that on November 20th, 2024, Phoenix Financial Ltd. and Phoenix Investment House Ltd. (“Phoenix reporting group”), including their respective nostro account, provident funds and provident fund management companies, as well as mutual fund management companies and market maker sub entities, informed the Company that they had sold shares of the Company thereby lowering their joint holdings to 4.8% of the Company’s issued capital (4.15% and 0.65% respectively). As a result, Phoenix reporting group will no longer be an interested party in the Company.

This is an English translation of segments of a Hebrew immediate report that was published on November 24, 2024 (Ref. No: 2024-01-618032) (hereinafter: the “Hebrew Version”). This English version is only for convenience purposes. This is not an official translation and has no binding force. In the event of any discrepancy between the Hebrew Version and this translation, the Hebrew Version shall prevail.

About Max Stock

Max Stock is Israel’s leading extreme value retailer, currently present in 64 locations throughout Israel and 2 locations in Portugal. We offer a broad assortment of quality products for customers’ everyday needs at affordable prices, helping customers “Dream Big, Pay Small”. For more information, please visit https://ir.maxstock.co.il

Company Contacts:

Talia Sessler,
Chief Corporate Development and IR Officer
talia@maxstock.co.il

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SOURCE Max Stock Limited

Technology

Qatar Development Bank announces strategic investment in global Islamic FinTech, Wahed

Published

4 hours ago

November 24, 2024

DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.

Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.

Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.

Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”

About Wahed

Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.

For more information, visit: www.wahed.com

About Qatar Development Bank

Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.

For more information, visit: https://www.qdb.qa/

SOURCE Wahed

Technology

Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region

Published

4 hours ago

November 24, 2024

DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.

On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”

Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.

His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.

As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.

Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”

About Wahed

For more information, visit: www.wahed.com

Photo – https://mma.prnewswire.com/media/2566076/Wahed_MENA_Khalid_Al_Jassim.jpg

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