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/
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Qatar Development Bank announces strategic investment in global Islamic FinTech, Wahed
ZHONGSHAN, China, Nov. 23, 2024 /PRNewswire/ -- SUNLU was present at the Formnext 2024, the largest event for additive manufacturing held in Germany, where they unveiled the new product FilaDryer E2.
SUNLU, the Chinese Tech Giant in the 3D printing industry, recently wrapped up a highly successful showcase at Formnext 2024, one of the largest events for additive manufacturing held in Frankfurt, Germany from November 19–22. SUNLU's booth (F29, Hall 11.1) hosted a large number of visitors eager to explore the company's latest innovations in 3D printing materials, equipment, and technology.
A key highlight of SUNLU's exhibit was the new range of functional filaments, including PA6-CF, PA12-CF, PC-ABS, and PETG-CF. The filaments provide enhanced strength, durability, and temperature resistance, catering to more demanding applications in both industrial and personal use. Visitors saw firsthand how these materials impact the quality, resilience and overall performance of 3D-printed parts.
The debut of the SUNLU FilaDryer E2 also attracted significant interest for its powerful features, notably its maximum drying temperature of 110°C, which allows for the fast drying of functional filaments and annealing printed parts to improve their strength and durability. The FilaDryer E2 will be available for preorder on January 8, 2025, on our official website. Visitors expressed great anticipation, after seeing the upgrades that set the FilaDryer E2 apart. Jack Jiang, the founder of SUNLU, said: "This opportunity allowed us to position and showcase SUNLU as one of the key global players in the 3D Industry."
Formnext 2024 was a valuable opportunity for SUNLU to connect with peers, partners, and customers worldwide. The team exchanged ideas with industry professionals and distributors, where the company had the opportunity to interview James Rooke from "Honey Badger Print and Paint" and talk about the new SUNLU's Filament Connector FC01 and it's perks to make the most out of leftover materials, while enabling multi-color prints.
As the exhibition comes to an end, the SUNLU team extends heartfelt thanks to everyone who visited the booth and made the event memorable, and the company looks forward to meeting up again next year for groundbreaking solutions and meaningful partnerships within the additive manufacturing community.
About SUNLU
Founded in 2013, SUNLU is a leading 3D printing materials company specializing in R&D, manufacturing, and sales. With facilities in China and Vietnam, we operate 150+ automated production lines and employ over 900 staff. Our certified products serve customers across Europe, America, and Southeast Asia.
SUNLU has led 30+ research projects, secured 400+ patents, and introduced innovations like "Neat Winding" filament, 3D printing drying boxes, and the ±0.02mm FDM filament tolerance standard, enhancing precision and user experience.
Guided by our mission, "Simply Your Creation," we empower creators worldwide with reliable 3D printing materials.
For more information, please visit
https://www.sunlu.com.
Media Contact:
Branding@sunlu.com
Sales@sunlu.com
Stay Updated:
If you're interested in the FilaDryer E2, sign up here to receive exclusive preorder information and updates directly in your inbox.
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
SUNLU Formnext 2024 Event Highlights: From Functional Filaments to FilaDryer E2
