Cairo – Mubasher: The board of directors of Six of October Development and Investment (SODIC) approved the appointment of EFG Hermes and an international investment bank as financial advisors to study the preliminary acquisition offer submitted by …
Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) has received preliminary non-binding offers from potential investors to acquire the bank's 51.54% stake in Alexandria Medical Services - Alexandria New Medical Center in Egypt. The bank and …
Cairo – Mubasher: The board of directors of the Egyptian Financial Group Hermes Holding (EFG Hermes) approved an acquisition deal in partnership with the Sovereign Fund of Egypt to purchase 76% of the Arab Investment Bank (aiBANK). The acquisition …
UAE - Mubasher: ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of Abu Dhabi National Oil Company (ADNOC), has acquired two additional Very Large Crude Carriers (VLCC). The new acquisition has raised the total …
Abu Dhabi – Mubasher: The UAE-based Agthia Group expects to receive the necessary regulatory approvals to complete the acquisition of a 75.02% stake in the Egypt-based Ismailia Investments (Atyab) during June or July, the Group's Chief Finance …
Cairo – Mubasher: Cleopatra Hospitals Group (CHG) announced its intention to acquire Abu Dhabi Commercial Bank’s (ADCB) 51.5% stake in Alexandria Medical Services - Alexandria New Medical Center. The group submitted an initial non-binding letter …
By: Abdullah Bedeir Cairo – Mubasher: First Abu Dhabi Bank (FAB) is expected to complete its acquisition of Bank Audi Egypt before the end of 2021, pending the approval of the Central Bank of Egypt (CBE), FAB Egypt’s CEO Mohamed Fayed said. On the …
Abu Dhabi – Mubasher: International Holdings Company (IHC) has completed the acquisition of a 45% stake in Alpha Dhabi Holding, formerly known as Trojan Holding. Established in 2008, Alpha Dhabi Holding focuses on the real estate and construction …
Riyadh – Mubasher: Maharah Human Resources Company signed a non-binding memorandum of understanding (MoU) to acquire a 90% majority interest in Spectra Support Services Company. The MoU was concluded on 11 April, while a pre-conditions period will …
Riyadh – Mubasher: AlAhli Takaful Company and Arabian Shield Cooperative Insurance both signed a memorandum of understanding (MoU) for a potential merger between the two entities, according to two separate disclosures to Tadawul on Sunday. The …
Cairo – Mubasher: Speed Medical Company announced that its 80.25%-owned subsidiary Speed Hospitals signed an alliance agreement with medical investment-specialised LimeVest Fund and Tawasol, a subsidiary of the Saudi Elaj Group, for the …
Abu Dhabi – Mubasher: The board of the UAE-based Agthia Group has approved a strategic acquisition of a 75.02% stake in Egypt-based Ismailia Investments (Atyab), a producer of frozen processed chicken and beef products. The founder of Atyab, …
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) announced delisting the shares of Samba Financial Group at the end of Sunday's trading session, in reference to the trading suspension of Samba a few days ago. In a separate disclosure, the …
Abu Dhabi – Mubasher: The board of Agthia Group will weigh a potential acquisition of a company that conducts business complementary to Agthia's operations for cash consideration. During a meeting set to be held on Wednesday, 7 April 2021, the …
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has granted Albilad Capital, a wholly-owned investment arm of Saudi Arabia's Bank Albilad, structured Islamic financing to support the company's GBP 87 million acquisition of the PWC headquarters …
Cairo – Mubasher: The board of directors of Speed Medical Company approved the fair value (FV) of Prime Speed Healthcare prepared by the independent financial advisor Economic Group Financial Consulting Company for Securities at a value of EGP …
Abu Dhabi – Mubasher: Abu Dhabi Aviation Company has inked a letter of intent to consider fully acquiring Falcon Aviation Services (FAS), an aviation services provider. The potential acquisition of FAS is part of Abu Dhabi Aviation's strategic …
Riyadh – Mubasher: The National Commercial Bank (NCB) and Samba Financial Group have announced the expiry of the creditor objection period with no outstanding unsatisfied creditor objections for their planned merger. Through the merger, Samba …
Mubasher: The Abu Dhabi-based holding company, ADQ, has signed a definitive agreement to acquire Egypt's Amoun Pharmaceutical Company (Amoun) from Bausch Health Companies (Bausch Health). The transaction will be completed through a mandatory …
Abu Dhabi – Mubasher: Sublime Commercial Investment, Alpha Dhabi Holding subsidiary, has acquired a 12.21% stake in Aldar Properties from Mubadala Investment Company (Mubadala). Carried out by International Securities and ADCB Securities, the …
Cairo – Mubasher: The Egyptian Exchange (EGX) announced the execution of a mandatory tender offering (MTO) on the shares of Assiut Islamic Trading. The MTO was carried out on 4.888 million shares at a total value of EGP 139.317 million, according …
Cairo – Mubasher: The Egyptian Financial Group Hermes Holding (EFG Hermes) responded to news reports about the acquisition of 76% of the Arab Investment Bank (aiBANK) by EFG Hermes and The Sovereign Fund of Egypt (TSFE). EFG Hermes said that the …
Cairo – Mubasher: Oriental Weavers Carpet announced that its 99%-owned subsidiary Oriental Weavers International acquired 1.41% of the Egyptian Propylene and Polypropylene Company (EPP) for a total value of $7.8 million. The EPP, located in Port …
Riyadh - Mubasher: Mobile Telecommunications Company Saudi Arabia (Zain KSA) has received in-principle approval from the board of Communications and Information Technology Commission (CITC) on the application submitted by Zain KSA, Etihad Etisalat …
UAE - Mubasher: Abu Dhabi- based Gulf Capital has acquired two healthcare technology companies in the US in exchange for $60 million, Reuters reported. The acquisitions are part of the company's objective to expand over the coming year, the CEO of …
{{image.desc | translate}}
