JMMB Group CEO Keith Duncan
Regional financial conglomerate, JMMB Group, for its nine-month period ended, December 31 recorded net profits of $4.02 billion, which is in line with earnings for the corresponding period in the prior year, where the company reported net profit of $4 billion.
JMMB Group CEO, Keith Duncan, in commending the team for its credible performance, thus far, shared that the company remains nimble in responding to the challenging economic environment and continues to execute on its sustained growth strategy that is centred on diversifying its business model; expanding its current business lines in the markets in which it now operates, and taking advantage of strategic opportunities, including acquisitions in the Caribbean and Central America.
President and CEO of Sagicor Group Jamaica, Chris Zacca.
Sagicor Group Jamaica Limited is expected to gain US$91 million or close to $12 billion from the sale of its shareholding in Playa Hotels and Resorts.
Sagicor Group and Sagicor Real Estate X Fund (Sagicor Jamaica) on Thursday announced the pricing of an underwritten public offering of its shares in Playa at a price of US$5 per share.
Sagicor Jamaica’s interest in Playa is held by an affiliated company, Jamziv Mobay Jamaica Portfolio Limited (Jamziv), which holds a total of 20,000,000 of Playa’s ordinary shares.
A total of 10,000,000 of Sagicor’s ordinary shares in Playa are up for offer.