Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) is currently in talks with China-based Hengli Group for a potential acquisition of a 10% stake in its controlled subsidiary Hengli Petrochemical Company. The equity acquisition is still subject …
Cairo – Mubasher: B Investments Holding has acquired a 90% stake in Orascom Financial Holding (OFH), according to a bourse disclosure. The transaction was concluded on 17 April 2024, while the Financial Regulatory Authority (FRA) granted its …
Abu Dhabi – Mubasher: Abu Dhabi National Insurance Company (ADNIC) has completed the acquisition of a 51% stake in Allianz Saudi Fransi Cooperative Insurance Company, according to a press release. The transaction will enable ADNIC to become one of …
Cairo – Mubasher: ZeTa-Investment and Trading acquired a 3.50% stake in Mansoura Poultry at a value of EGP 16.75 million. ZeTa-Investment purchased 14.25 million shares in the EGX-listed firm at an average price of EGP 1.17 per share, according to …
Abu Dhabi – Mubasher: Alpha Dhabi Holding entered into a strategic partnership with Abu Dhabi-based investment and holding company ADQ to sell a 49% stake in its subsidiary Alpha Dhabi Construction Holding (ADCH). Under the agreement, the …
Riyadh – Mubasher: United International Transportation Company (Budget Saudi) announced that one of its subsidiaries has signed an agreement to acquire 70% of the stake of Overseas Development company in a subsidiary based in the UAE. The deal was …
Mubasher: GFH Financial Group announced plans to acquire the financing and investment portfolios of Ithmaar Holding, according to a bourse disclosure. GFH highlighted that discussions are in progress to finalise the transaction structure, which is …
Mubasher: Investment Corporation of Dubai (ICD) and Brookfield Corporation (Brookfield) penned a deal with Olayan Financing Company and Lunate for the sale of a 49% stake in ICD Brookfield Place (ICDBP), according to a press release. Under the …
Mubasher: Turkish multinational household appliances manufacturer Arçelik, Beko’s parent company, has acquired Whirlpool’s operations in the MENA region, according to a press release. Under the acquisition deal, Arçelik currently owns Whirlpool’s …
Abu Dhabi - Mubasher: EasyLease, a subsidiary of the International Holding Company (IHC), has acquired a 60% stake in United Trans, a rail and transportation technology solutions provider. EasyLease seeks to establish synergies between both …
Abu Dhabi - Mubasher: Invictus Investment Company has completed the acquisition of a 60% stake in Graderco and its subsidiaries from Zalar Holding, according to a press release. The transaction was implemented after obtaining all necessary …
Riyadh – Mubasher: Alkhaleej Training and Education Company has signed an agreement to acquire 80% of Adhwa’a Al Hidaya Private Schools Company for Boys and Girls for SAR 480 million. Under the agreement, Alkhaleej Training will acquire 1.60 …
Cairo – Mubasher: iSON Xperiences, operating in Africa and Egypt, has acquired UK’s EC Outsourcing Company, a step that will endorse iSON Xperiences’ offshoring capabilities in Egypt, South Africa, India, and other locations. iSON Xperiences’ …
UAE – Mubasher: Mubadala Investment Company has acquired a 100% stake in KELIX bio, a leading emerging markets biopharmaceuticals platform. The sold stake represents the full ownership of Development Partners International (DPI), an investment …
Abu Dhabi – Mubasher: AD Ports Group signed a purchase agreement with Inveco LLC to acquire a 60% stake in the Tbilisi Dry Port, a new custom-bonded and rail-connected intermodal logistics hub in Georgia. The ADX-listed group will initially invest …
Abu Dhabi – Mubasher Abu Dhabi Future Energy Company (Masdar) plans to acquire a 50% stake in Terra-Gen Power Holdings II, LLC, one of the largest independent renewable energy power producers in the US, from Energy Capital Partners (ECP). Abu …
Mubasher: EFG Hermes, an EFG Holding Company concluded advisory on a merger and acquisition (M&A) deal for Cenomi Retail, according to a press release. The retail giant plans to sell a select portfolio of brands to Abdullah Al Othaim Fashion …
Riyadh – Mubasher: Saudi Arabia-based Energy Capital Group (ECG) has acquired Aujan Industrial Solutions (AIS), according to a press release. The transaction marks the fourth investment of the fund which was unveiled in the third quarter (Q3) of …
Cairo – Mubasher: Raya Information Technology, a subsidiary of Raya Holding for Financial Investment, is studying the acquisition of a company. The targeted company is operating in outsourcing and application development, according to a bourse …
Riyadh – Mubasher: Saudi Advanced Industries Company (SAIC) and a subsidiary have purchased 567,212 shares in Baladi Poultry Company for an average share price of SAR 126.66, totalling SAR 71.84 million. The purchases were made in separate batches …
Abu Dhabi – Mubasher: Abu Dhabi National Hotels has reached an agreement with Compass Group International B.V. to acquire its entire stake of 50% in their JV entities operating in the UAE. The ADX-listed company highlighted that the regulatory and …
Cairo – Mubasher: GlaxoSmithKline’s (GSK Egypt) consolidated net profit plunged to EGP 60.47 million in 2023 from EGP 735.39 million a year earlier. Consolidated net sales soared to EGP 2.24 billion last year from EGP 1.82 billion in 2022, …
Abu Dhabi – Mubasher: Abu Dhabi National Oil Company (ADNOC) has officially closed the acquisition of a 24.90% shareholding in Austria-based OMV AG OMV AG from Mubadala Investment Company. The transaction aligns with ADNOC’s global chemicals …
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco)has fully acquired Esmax Distribución SpA, a leading diversified downstream fuels and lubricants retailer in Chile. The transaction, which was first announced in September 2023, marks Aramco’s …
Cairo – Mubasher: Talaat Moustafa Group Holding Company (TMG Holding) announced completing all procedures for the acquisition of a 51% stake in the management rights of Legacy Hospitality and Touristic Projects, which owns seven historic hotels in …
