SAN DIEGO–(BUSINESS WIRE)–January 28, 2022–
ETHOS ASSET MANAGEMENT INC United States, announced a new long-term financing partnership with Stones World International Co. LLC., a multinational company with diversified business units in the mining, manufacturing and trading of marble and granite. The company was founded in 2010 and has seen significant local and international expansion and is to receive an initial capital injection of US$10 million.
Carlos Santos, President and CEO of Ethos said: “We are absolutely delighted to have reached this agreement and to make this investment in a new territory, the Sultanate of Oman. This is a very important agreement as Ethos continues to enter new markets in the Arabian Peninsula. We were so impressed with Stones World International, their business philosophy, background, products, passion and strong management team. The Chairman, Mr. Ahmed Hamed Saif Al Kalbani has demonstrated strong leadership qualities and business acumen as evidenced by his successful onboarding process. It was clear from the start that the company was a leader in its industry and region. Stones World owns and operates its own quarries in the Sultanate of Oman and Turkey. We are proud to partner and invest in the “Stone World” and enable the President and his team to expand and grow their global presence with their unique, high quality products. Our investment will create more jobs and career opportunities for local and international communities within the Stones World business supply chain and.
Mr. Ahmed Hamed Saif Al Kalbani, Chairman of Stones World International Co. LLC., said: “We are also delighted to have Ethos Asset Management Inc. USA as our financial partner. On behalf of everyone at Stones World International Company LLC, we would like to express our gratitude for understanding our business and trusting us. Stones World International is very lucky to have a financial partner like Ethos Asset Management Inc. USA. We appreciate the diligence with which you and your team have handled the file, in particular Mr. Carlos for his keen sense of financing. We are confident that our relationship will prove mutually beneficial to both of our organizations and look forward to a long and healthy business relationship. We hope to establish a very solid business relationship in the future, as we have business expansion plans to meet the demands of the US market. We would also like to thank Mr. Mani and his team at Arabian Vision International LLC for introducing us to Ethos Asset Management for such an innovative financing model and facilitating it.
Mr. Vetrivel Mani, Founder and Managing Director of Arabian Vision International LLC., the company that was instrumental in bringing together Ethos Asset Management and Stones World International, said“We are extremely pleased to be associated with Ethos Asset Management Inc. Our first step in facilitating Ethos’ USD 10 million financing for client, Stones World International, has been a great learning experience. Our team of Arabian Vision International has worked tirelessly to research and identify Stones World client needs and coordinate with Ethos We express our gratitude to Mr. Carlos, Ms. Mayra, Mr. Ricardo and Mr. Leandro for their visit to Muscat, Oman at our request, which gave us and the clients the comfort and confidence to complete the deal. We thank each and every member of the Ethos team for guiding us through various stages to execute the smooth transaction.”
Mr. Mani added: “At Arabian Vision International, we see huge market potential for Ethos Asset Management in the Sultanate of Oman and other countries in the region where we operate. Our teams are at various stages of discussions with potential clients in sectors such as green energy, infrastructure, healthcare and hospitality. We look forward to a great future with Ethos in this line of business.”
About Ethos Asset Management:
Ethos Asset Management (Ethos) is an independent US-based company with a global reach in resource mobilization and project finance. For more information on Ethos Asset Management, please visit https://www.ethosasset.com/.
About Stones World International:
Global Stones International Co. LLC.being the market leader in a few exclusive products from our own quarries and international purchases. Our promoter and management team have rich experience in this line of business which adds value to our products and builds trust with our customers. Our goal is to expand our infrastructure and facilities to improve our production capacity to meet local, regional and international market demands. Our mission is to be the largest manufacturer and supplier of marble and granite products. The vision statement” stone world “means that we are excelling and growing our presence globally with our superior quality, cost-effective and unique products that are already in demand by our existing customers.
For more information on Stones World International, please visit https://www.swiom.com/
About Arabian Vision International:
“Arabian Vision Intl. LLC is a 360 ° Business Solution Provider! We provide strategic business solutions to PEOPLE and their PROFESSIONS who aspire to succeed in their business. We guarantee turnaround time and meet agreed deliverables on time and needless to say throughout all phases of serving our clients; we take the greatest care and the greatest discretion to guarantee the confidentiality sought by our customers. We believe in providing the best of services without compromising quality to both our clients and our constituents”.
For more information about Arabian Vision International, please visit https://www.arabianvisionintl.com/
Show source version on businesswire.com:https://www.businesswire.com/news/home/20220128005387/en/
CONTACT: Stones World International LLC:
Mr. Ahmed Hamed Saif Al Kalbani, Chairman; [email protected]
Mr. Ranjan Kumar Ambastha, Group Chief Financial Officer; [email protected] Vision International LLC: Ethos partner
Mr. Vetrivel Mani, Founder and CEO;[email protected]
KEYWORD: UNITED STATES NORTH AMERICA CALIFORNIA
SECTOR KEYWORD: PROFESSIONAL SERVICES MINES/MINERALS MANUFACTURING FINANCE NATURAL RESOURCES OTHER MANUFACTURING
SOURCE: Ethos Asset Management
Copyright BusinessWire 2022.
PUBLISHED: 01/28/2022 11:59 AM / DISK: 01/28/2022 11:59 AM
Copyright BusinessWire 2022.