Green energy opportunities for Middle Eastern HWNIs at the Investment Gateway Summit

Basseterre, April 01, 2024 (GLOBE NEWSWIRE) — The Investment Gateway Summit in St. Kitts and Nevis presents Middle Eastern high-net-worth individuals (HNWIs) an exclusive opportunity to venture into green energy investments.

St. Kitts and Nevis is set to make a significant impact on the global stage as it hosts the prestigious Investment Gateway Summit from 11 to 15 May. As the summit welcomes Middle Eastern HNWIs and top institutional investors worldwide, it presents a unique opportunity for collaboration and investment in renewable energy projects.

St. Kitts and Nevis is going beyond conventional expectations by prioritising sustainability and environmental stewardship. The decision to focus on green energy initiatives aligns with the nation’s goal of reducing carbon emissions and transitioning towards a more sustainable future.

This exclusive gathering of global investors is not only a showcase of the nation’s economic potential but also a testament to its commitment towards green energy initiatives.

By exploring numerous opportunities and engaging in collaborative efforts with industry stakeholders, investors can play a significant role in driving sustainable energy development both regionally and globally.

A chance to connect with other industry leaders 

The Summit will host networking events and forums where Middle Eastern investors can connect with industry experts, policymakers, and fellow investors. These interactions will foster collaboration and partnership opportunities in the green energy sector.

Workshops and panel discussions will focus on different subjects including green energy investment trends, regulatory frameworks, and technological advancements providing valuable insights for Middle Eastern investors. Collaborative sessions will also encourage knowledge exchange and idea sharing among participants.

The St. Kitts and Nevis Government is pushing towards creating a “green economy” and attracting more investments to manufacture solar panels, other parts for the solar industry, and geothermal energy to create more high-paying green jobs for its citizens. Geothermal energy promises to make St. Kitts and Nevis the first nation independent of fossil fuels for electricity generation, marking it the greenest place on earth. With new ambitions on their way, the twin-federation has a fantastic opportunity for investors in the renewable energy sector.


Secretary of St. Kitts and Nevis Citizenship by Investment Programme
Government of St. Kitts and Nevis
00 (1-869) 467-1474

GlobeNewswire Distribution ID 9081780

Economic citizens welcomed home to collaborate at the St Kitts and Nevis Investment Gateway Summit

Basseterre, April 01, 2024 (GLOBE NEWSWIRE) — St. Kitts and Nevis is gearing up to host their inaugural Investment Gateway Summit, which is a once-in-a-lifetime experience for its economic citizens to ‘connect, collaborate and celebrate’ with like-minded global investors. The Summit will take place from 11 to 15 May at the St. Kitts Marriot Resort, displaying world-class sustainable business and investment development practices in the twin-federation.

The St. Kitts and Nevis Investment Gateway Summit isn’t just about scripted speeches or glossy brochures—it’s about real conversations and tangible opportunities that global citizens can explore. The Summit also offers a range of opportunities to connect with industry leaders and fellow entrepreneurs.

With hundreds of attendees from countries spanning the globe, including the United Arab Emirates (UAE), Nigeria, Egypt, South Africa, Singapore, China, and more, the Summit promises unparalleled networking prospects.

Strategic Partnerships 

The 5-day long event will bring together economic citizens, policymakers, corporate leaders, business delegations, academia, and think tanks from across the globe to collectively explore business opportunities and forge new partnerships.

Local exhibitors and international sponsors will have a unique opportunity to showcase their businesses and promote their brands to this niche audience.

The Investment Gateway Summit is an opportunity for key stakeholders from businesspeople, economic citizens and governments to collaborate in sustainable development and connect for long-term collaborations. Participants will gain exclusive access to expertise and invaluable resources from reputable global leaders and investors.

The Summit will have interactive networking sessions, and panel discussions, including experiences around the twin-federation

Business Opportunities 

St. Kitts and Nevis is a prime business location in the Caribbean that offers eco-business practices and growth opportunities. Numerous factors make the twin-federation a favourable business environment, these include the country’s strategic location forming part of a gateway for international trade and investments.

Investment Gateway Summit Programme 

Each day the detailed agenda is packed with exciting events that will take place, such as an exclusive opportunity to celebrate with the Prime Minister of St. Kitts and Nevis, Honourable Dr. Terrance Drew in a private Gala Dinner, alongside other economic citizens and special guests.

The Gala Dinner is strictly by invitation, as there are limited tickets available, this will be your opportunity to connect, celebrate and collaborate with economic citizens, share values and inspiration.

The Programme includes unique opportunities for its guests to explore the idyllic island through events such as the St. Kitts Scenic Railway, create a memorable cultural experience on the Frigate Bay Strip, and learn about one of UNESCO’s World Heritage Sites, the historical Brimstone Fortress.

Partner with Us 

Interested in promoting your brand, business services, or exploring sponsorship opportunities? Please leave a comment here along with your inquiry in the contact form, and we will promptly respond with details on available packages.


Secretary of St. Kitts and Nevis Citizenship by Investment Programme
Government of St. Kitts and Nevis
00 (1-869) 467-1474

GlobeNewswire Distribution ID 9081853

Chenab Limited Reports No Dividend Issuance

Faisalabad, Chenab Limited has informed the Pakistan Stock Exchange (PSE) that it will not distribute dividends, bonuses, or rights for the current period. The company has not specified a period for the closure of transfer books but has indicated that the ex-date is April 15, 2024. The process for this notice will begin at 11:30 AM on the mentioned ex-date, affecting all shareholders equally.

Director of Kohinoor Energy Limited Buys 16,500 Shares on Pakistan Stock Exchange

Karachi, In a recent transaction on the Pakistan Stock Exchange (PSE), Muhammad Omer Farooq, a director of Kohinoor Energy Limited, acquired 16,500 shares of the company on March 29, 2024. The shares were purchased at a rate of 37.47 PKR per share through the Central Depository Company (CDC).

This transaction has been officially disclosed in accordance with the PSX Regulations under clause No. 5.6.1.(d), which mandates the reporting of trades by directors, CEOs, executives, their spouses, and substantial shareholders of listed companies. The details of the transaction will be reviewed in the upcoming board meeting of Kohinoor Energy Limited. This review will include an examination of compliance with the necessary regulatory requirements.

Additionally, the company has confirmed that the holding period for these shares exceeds six months. This is in line with the Securities Act, 2015, which requires that profits from transactions within a six-month period be returned to the Securities and Exchange Commission of Pakistan (SECP) under intimation to PSX. The commitment to these regulations underlines the transparency and governance standards upheld by participants in the Pakistan Stock Exchange.

WorldCall Telecom Stays Active in Low-Price Segment

Karachi, WorldCall Telecom Ltd., operating with a considerable paid-up capital of Rs. 49,822.89 million, showed a minimal closing rate fluctuation, ending at Rs. 1.30 against an average of Rs. 1.29. Despite its large capital base and market presence since 2005, the company did not declare any dividend, maintaining a low-price stock position with a previous high of Rs. 1.16.

Bank Alfalah Announces Distribution of Final Cash Dividend for 2023

Karachi, Bank Alfalah Limited has completed the distribution of its final cash dividend for the fiscal year ended December 31, 2023. Shareholders of the Bank were informed that a final cash dividend of Rs.5 per share, constituting a 50% dividend, was approved during the 32nd Annual General Meeting on March 20, 2024. This dividend has been directly credited into the designated bank accounts of entitled shareholders who were registered in the Members' register at the close of business on March 14, 2024, and who have provided their valid National Identity Card Number (CNIC) and complete bank account/IBAN details.

The bank has enabled shareholders to access the Centralized Cash Dividend Register (CCDR) developed by CDC to retrieve details of their cash dividends. This facility is accessible through a provided web link, ensuring shareholders can conveniently obtain records for their dividends.

In compliance with the Companies (Distribution of Dividends) Regulations, 2017, Bank Alfalah has withheld the payment of cash dividends for shareholders whose CNIC and/or IBAN details are missing. The bank has issued letters and multiple reminders to these shareholders, urging them to provide the necessary information along with a legible copy of a valid CNIC to facilitate the release or credit of their withheld dividends.

Bank Alfalah's commitment to regulatory compliance and shareholder convenience is reflected in its diligent distribution process and the provision of online tools for dividend tracking. Shareholders are encouraged to update their details to avoid any inconvenience in future dividend disbursements.

Arif Habib Corporation Limited Announces Steady Financial Performance

Karachi, Arif Habib Corporation Limited (AHCL), a prominent player in Pakistan's fertilizer sector, reported a closing rate of Rs. 39.85, with a daily weighted average rate of Rs. 39.76, as disclosed in the latest financial figures from the Pakistan Stock Exchange. The company, which has a paid-up capital of Rs. 4,083.75 million, declared a distribution of 40% for the fiscal year ending in 2024, maintaining its position with a par value of Rs. 10 and a market lot of 500. Notably, the company has not announced any distribution for the previous year. AHCL, which was listed in 2001, reported an EPS of Rs. 33.15 for the January-March 2024 period, reflecting its consistent financial performance.

Otsuka Pakistan Ltd Announces Emergent Board Meeting in Karachi

Karachi, An emergent meeting of the Board of Directors of Otsuka Pakistan Ltd is scheduled to take place on Monday, April 8, 2024, in Karachi. The meeting's agenda includes consideration of business matters other than financial results. In connection with this meeting, Otsuka Pakistan Ltd has declared April 2, 2024, to April 8, 2024, as a "Closed Period" for the company. During this time, trading of the company’s shares by directors, CEO, CFO, company secretaries, and their spouses is not permitted under the rules governing insider trading. The members of the Pakistan Stock Exchange have been informed to ensure compliance with the regulatory requirements.

Engro Fertilizers Ltd. Showcases Exceptional Financial Results

Karachi, Engro Fertilizers Ltd. (EFERT), known for its significant contribution to Pakistan's agriculture sector, recorded a notable closing rate of Rs. 146.37 and a daily weighted average rate of Rs. 146.97. With a robust paid-up capital of Rs. 13,352.99 million, the company revealed a substantial distribution of 135% for 2022 and an impressive 205% for 2023, at a par value of Rs. 10 and a market lot of 1. Since its listing in 2014, EFERT demonstrated outstanding financial performance with an EPS of Rs. 112.65 for the January-March 2024 quarter, signaling strong profitability and market leadership.

Engro Powergen Qadirpur Limited Announces Director Resignation

Islamabad, Engro Powergen Qadirpur Limited has announced the resignation of Mr. Yusuf Jamil Siddiqui from its Board of Directors, effective March 31, 2024. The company informed the Pakistan Stock Exchange about this change in a recent filing.

According to the notification, the casual vacancy caused by Mr. Siddiqui's resignation will be addressed by the Board of Directors in the forthcoming period. The TRE Certificate Holders of the Exchange have been advised of this development.

Engro Corporation Limited Reports Record Distributions

Karachi, Engro Corporation Limited (ENGRO), a cornerstone in the fertilizer industry of Pakistan, announced its financial outcomes with a closing rate of Rs. 359.55 and a daily weighted average rate of Rs. 359.01. The company boasts a paid-up capital of Rs. 5,366.27 million and has set a new benchmark with distributions of 340% for 2022 and 480% for 2023, maintaining a par value of Rs. 10 and a market lot of 1. Listed since 1968, ENGRO revealed an EPS of Rs. 294.4 for the first quarter of 2024, highlighting its exceptional financial health and sustained growth.

Pakistan Telecommunication Company Limited Announces New Chairman

Islamabad, In a significant leadership change, Pakistan Telecommunication Company Limited (PTCL) has announced the appointment of Capt. (Retd.) Muhammad Mahmood as its new Chairman. The change takes effect from April 1, 2024, marking a new chapter in the company's history. Mahmood succeeds Mr. Hassan Nasir Jamy, who previously held the position.

The announcement was made through an official communication to the Pakistan Stock Exchange (PSE), ensuring that the TRE Certificate Holders were duly informed of this key organizational change.