Technology

Fortune Names Viettel as a Leading Company for Positive Social Impact

Published

2 weeks ago

November 8, 2024

HANOI, Vietnam, Nov. 8, 2024 /PRNewswire/ — In Fortune’s “Change the World 2024” rankings, Viettel Group ranks 3rd among over 50 global companies contributing significantly to sustainable development and positive social impact.

“Change the World” is an annual ranking by Fortune, established in 2015, to honor companies making significant contributions to sustainable development and having a positive impact on society.

Leading the “Change the World 2024” list are companies such as Space X, GHG Sat, and Rocket Lab for developing emission-monitoring satellites. Grab Holdings ranks second for its financial support for gig workers and small retailers. Viettel takes third place for its efforts to improve the quality of education in Vietnam and the 10 international markets where it invests through its School Internet Project. Other notable companies in the rankings include Maven Clinic, Cisco, Alibaba, Walmart, eBay, among others.

Viettel is the only Vietnamese company in the ranking. Across Asia, eight companies made the list, operating in sectors such as services, retail, e-commerce, energy, and agriculture. Viettel is also the only telecommunications company included in this year’s ranking.

Over the past 10 years, the list has honored some of the world’s biggest tech companies, such as Alphabet, Microsoft, Meta, Apple, Intel, Qualcomm, Nvidia, and Tencent. These companies are recognized for their pioneering roles in addressing major global issues, from climate change and inequality to public health.

Fortune evaluates companies based on criteria such as measurable social impact, including the scope, nature, and sustainability of their activities, as well as the level of innovation relative to other companies in the industry.

Viettel received high marks for its contributions to education quality – one of the United Nations’ 17 Sustainable Development Goals – through its School Internet initiative. This achievement underscores Viettel’s leadership in digital infrastructure, with a creative approach and sustainably positive impact on society.

The School Internet Project is a non-profit initiative launched in 2008 to provide internet connectivity to 100% of educational institutions in Vietnam. To date, the program has provided free internet access to more than 46,000 educational institutions across 63 provinces and over 10 countries, especially in rural and remote areas.

As of 2024, the program has enabled 25 million students, teachers, and educators to access the internet, helping increase internet penetration in Vietnam from 15% to 85%.

With an investment of approximately 2,000 billion VND over 16 years, Viettel has developed digital infrastructure for education, including transmission infrastructure, data processing infrastructure, information security solutions for the education sector, and connectivity devices for schools.

This digital infrastructure enables teachers and students to access the internet and online teaching and learning applications. Viettel has also developed digital educational applications such as Viettel Study and K12Online, which support millions of users in online teaching, learning, and accessing educational resources from elementary to high school.

Major General Tao Duc Thang, Chairman and General Director of Viettel Group, said, “With the mission of universal internet access, Viettel provides ultra-broadband fiber optic connections to all schools, enabling a boom in online teaching and learning applications. Viettel also pioneers in researching and developing technologies for the education sector, providing online teaching and learning systems, resource repository and construction of the national education database. Viettel’s infrastructure and technology has and will continue to play a key role in education digital transformation.”

Recently, Brand Finance also recognized Viettel as the most highly-rated Vietnamese company for sustainable development and the strongest telecommunications brand in Asia in 2024.

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SOURCE Viettel Group

Technology

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

Published

3 hours 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

7 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

7 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

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