Announcement of Intention to Float on the Dubai Financial Market
DUBAI, UAE, March 23, 2021 /PRNewswire/ Tristar Transport (PJSC - under incorporation) ( Tristar or the Company or, with its subsidiaries and subsidiary undertakings, the Group ), a leading global integrated liquid logistics solutions provider headquartered in Dubai, UAE, today announced its intention to proceed with an initial public offering (the IPO or the Offering ) on the Dubai Financial Market ( DFM ).
Established in 1998 as a road transport service provider for the petroleum industry in the UAE, Tristar has evolved into a leading integrated energy logistics company serving a diversified customer base of blue-chip investment grade companies. The Group has operations in 21 countries and territories across three continents and has over 2,000 road transport assets and 35 maritime vessels, including the operation of 69 fuel farms and over 100 remote fuel sites, providing a wide spectrum of integrated ser
Announcement of Intention to Float on the Dubai Financial Market
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TORONTO Usage-based insurance programs in Ontario, also known as pay-as-you-drive, increased 37 per cent in 2020 over the year before. In the past, people could only be rewarded for good driving with discounts on your premiums, but now one company has been granted permission to raise rates for drivers who take part in risky driving behaviour. The Financial Services Regulatory Authority of Ontario (FSRA) recently approved a change allowing Travelers Canada Insurance to charge bad drivers a 10 per cent surcharge if they take part in what it considers risky driving. Now that one company has been approved to charge bad drivers, more companies could also seek permission to do the same.