Mergers and Acquisitions

Cairo – Mubasher: Fawry for Banking Technology and Electronic Payments entered into a new agreement with Svreico Real Estate Investment Company to acquire an 80% stake in the Svreico administrative building in the Smart Village. The EGX-listed …

Cairo – Mubasher: Entlaq, an Egypt-based company supporting entrepreneurs, has acquired a stake in foodtech Brotinni for an undisclosed value, according to a press release. The new investment will enable Brotinni to expand its footprint within the …

Cairo – Mubasher: A consortium of investors comprising SPE PEF III (SPE Capital), the European Bank for Reconstruction and Development (EBRD), Tanmiya Capital Ventures (TCV) and British International Investment (BII) has fully acquired Tamweely …

UAE– Mubasher: Tarabut has acquired London-based Vyne, a real-time account-to-account (A2A) payments platform for online businesses, according to a press release. The transaction, which was approved by the Saudi Central Bank (SAMA) and the UK's …

Riyadh – Mubasher: MENA-focused shopping and financial services app Tabby has entered into a definitive agreement to acquire Saudi-based digital wallet Tweeq, which is licensed by the Saudi Central Bank (SAMA). The announcement came during the 24 …

Abu Dhabi - Mubasher: Invictus Investment Company inked an agreement to acquire a leading flour milling company in Southern Africa, according to a press release. The transaction is still subject to necessary regulatory approvals and closing …

UAE – Mubasher: Dubai Aerospace Enterprise (DAE) Limited had recently signed agreements to acquire 23 aircraft from multiple counterparties for nearly $1.10 billion, according to a press release. The aircraft portfolio has a weighted average age …

UAE – Mubasher: Mubadala Investment Company teamed up with CBC Group, Asia's largest healthcare-dedicated asset management group, to acquire the carve-out of UCB Pharma’s mature business in China. Besides its expansion in immunology, neurology and …

Dubai – Mubasher: Tecom Group completed the acquisition of new commercial and industrial assets as part of an AED 1.70 billion strategic plan that was announced in May 2024, according to a press release. This aligns with the group’s announcement …

Riyadh – Mubasher: Dallah Healthcare Company penned a deal to acquire the shares of Ayyan Investment Company in Al Ahsa Medical Services Company and Al Salam Medical Services Company. Dallah will acquire 97.41% shareholding in Al Ahsa and 100% of …

UAE – Mubasher: Dubai-based Meteora Developers has acquired the DIFC-based property crowdfunding platform Maisour in a multimillion-dollar deal, according to a press release. The transaction aims to reshape the UAE's real estate investment …

Riyadh – Mubasher: The net losses of Rabigh Refining and Petrochemical Company (Petro Rabigh) hiked by 14.12% year-on-year (YoY) to SAR 2.46 billion in the first half (H1) of 2024 from SAR 2.16 billion. The revenues amounted to SAR 17.99 billion …

Abu Dhabi – Mubasher: ADNOC Drilling Company generated net profits worth $570 million in the first half (H1) of 2024, higher by 28% than $446 million in H1-23. The revenues hiked by 26% year-on-year (YoY) to $1.82 billion in H1-24 from $1.44 …

Dubai – Mubasher: Al Ansari Financial Services has signed a sales and purchase agreement to fully acquire Bahrain-based BFC Group Holdings W.L.L., (BFCGH) for $200 million (AED 735 million). The acquisition will enable the DFM-listed company to …

Cairo – Mubasher: Egyptian fintech company MNT-Halan has acquired Tam Finans, a Turkish commercial finance company with loan book exceeding $300 million, from Actera Group, and the European Bank for Reconstruction and Development (EBRD). Legal and …

Cairo – Mubasher: The Financial Regulatory Authority (FRA) has approved MENA Glass Holdings Limited's offer to acquire a 40.76% stake, equivalent to 25.52 million shares, in Middle East Glass Manufacturing Company (MEGM). The offer set the price …

Mubasher: GFH Financial Group has increased its equity ownership in GFH Equities, previously known as GBCorp, by 12.50% during July 2024. Following the transaction, the cross-listed group holds a majority stake of 76.63%, according to a press …

Abu Dhabi – Mubasher: Emirates Driving Company has acquired a 51% equity ownership in Excellence Premier Investment, the parent company of Excellence Driving Centre, at a value of AED 153 million. The transaction is part of the listed company’s …

UAE – Mubasher: DP World and Turkey’s Evyap Group have completed a strategic merger to create an international logistics hub, combining their Marmara Seaport assets.  The completion comes after receiving regulatory approval from the Turkish …

UAE – Mubasher: MENA’s leading digital content provider Majarra has acquired Lableb, AI-based search engine that deals with the nature of Arabic content online. This strategic transaction anchors Majarra's position at the forefront of Arabic …

Riyadh - Mubasher: Saudi Arabia’s Al Haytham Mining Company is considering acquiring a stake in Egypt’s Afaq Mining, Asharq News reported, citing CEO Khaled Al Jahdali. The Saudi company’s board plans to offer a share of the company’s stocks on …

Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) will acquire a 50% stake in Jubail-based Blue Hydrogen Industrial Gases Company (BHIG) upon definitive agreements with the parent company Air Products Qudra (APQ), according to a press release. …

Abu Dhabi – Mubasher: Sirius Digitech, a joint venture (JV) between the Adani Group and Sirius International Holding, a subsidiary of International Holding Company (IHC), has signed binding agreements for the acquisition of Coredge.io, a …