Technology

Global architecture firm expands to Charlotte

Published

2 months ago

September 30, 2024

CHARLOTTE, N.C., Sept. 30, 2024 /PRNewswire/ — Cromwell, a global, full-service architecture, engineering, and building services firm, headquartered in Little Rock, Arkansas, announced today it is expanding its offices to Charlotte, ultimately creating 20 jobs in the region. Select CLT, the business recruitment team at the Charlotte Regional Business Alliance, played an integral role in the company’s expansion process.

Global architecture, engineering, and building services firm Cromwell opens new office in Charlotte.

As one of the oldest architecture firms in the country, the 140-year-old company has legacy clients around the United States. As part of their strategic plan, Cromwell is expanding its footprint to better support existing clients with a local presence, while continuing to cultivate a growing number of business relationships in the region.

Cromwell’s expansion will initially focus on servicing existing clients within their federal and industrial market base in the region. While serving existing clients, Cromwell has a plan to hire and develop local architects, engineers and other design professionals over the next few years to support all their current service offerings out of the Charlotte office. Long term, Cromwell is committed to becoming active members of the Charlotte business community. While growing their team, client network, and service offerings in the region, Cromwell is eager to give back through community service and engage in local partnerships, with the goal of creating lasting impact in the Charlotte area.

“We are thrilled to be coming to Charlotte, being part of this great community, and supporting the amazing growth happening here,” Dan Fowler, president of Cromwell, said. “After studying several major metro areas, Charlotte consistently ranked at the top of our key categories. Proximity to great talent, access to our clients in the mid-Atlantic region, and the pro-business environment were key factors in our decision. Everyone we met in the community, including city and county officials, really embraced us—and the team at the Charlotte Regional Business Alliance did a fantastic job of orchestrating our study and showcasing Charlotte as a great place for our team to grow. We’re excited to continue our 140 years of positively impacting communities through great design with this expansion in the Charlotte area.”

The CLT Alliance began working with Cromwell last summer after the company reached out for assistance in site selection and market research. Throughout the site selection process, the team, with support from Charlotte Center City Partners, assisted the company decision makers as they further evaluated the market. Cromwell considered locations throughout the US before landing on an office in South End.

“Our team really enjoyed working with Cromwell during their nation-wide site search to showcase what Charlotte has to offer for their future operations,” Kylie Barnes, economic development specialist at the CLT Alliance, said. “It was great to see their excitement about the region grow during their site visits. From the start I could tell that Charlotte would be a great fit for them due to the quality-of-life aspect that meant a lot to them and their employees. Cromwell has a long history of partnering with their community to make a positive impact and we are so excited to have them here in the Charlotte Region.”

Cromwell, a 100% Employee-owned company, is in the process of relocating key employees to the region and is currently planning to open their Charlotte office by the end of 2024.

“My family and I are extremely excited to join the Charlotte community,” Kody Hart, regional director at Cromwell, said. “Throughout our visits and short period living in the area, our family has been overwhelmed by the reception and kindness we’ve encountered from individuals in the Charlotte area. We look forward to becoming active members of the community, building lasting relationships, and raising our children in this wonderful area.”

To learn more about Cromwell, visit https://cromwell.com/.

About the Charlotte Regional Business Alliance:

Headquartered in Charlotte, North Carolina, The Charlotte Regional Business Alliance is the leading voice of business for the City of Charlotte and the 14-county, bi-state region. Formed in 2018 through the merger of the Charlotte Chamber of Commerce and the Charlotte Regional Partnership, today’s CLT Alliance is the only regional economic development organization that grows the economy, advocates for business, and convenes diverse stakeholders. Our mission is to enthusiastically collaborate to promote and advance the Charlotte Region, creating opportunity, economic growth, and prosperity for all. To learn more, visit charlotteregion.com.

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SOURCE Charlotte Regional Business Alliance

Technology

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

Published

16 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

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