Mubasher TV
Contact Us Advertising   العربية

Mergers and Acquisitions

Photo Archive
18 March 03:27 PM EFG Hermes completes advisory on Cenomi Retail’s sale deal
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 …
Photo Gallery
18 March 01:17 PM Energy Capital completes acquisition of Aujan Industrial
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 …
Photo Archive
17 March 12:08 PM Raya Holding’s IT arm considers acquisition of outsourcing company
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 …
Photo Gallery
14 March 01:45 PM SAIC, subsidiary buys SAR 72m stake in Baladi Poultry
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 …
Photo Archive
10 March 12:39 PM Abu Dhabi National Hotels eyes AED 100m gains from stake acquisition deal
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 …
Photo Archive
4 March 06:01 PM GSK Egypt’s consolidated profits plunge to EGP 60m in 2023; dividends approved
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, …
Photo Archive
3 March 02:42 PM ADNOC acquires 25% equity ownership in global energy group OMV
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 …
Photo Gallery
3 March 01:23 PM Saudi Aramco completes acquisition of Chile’s Esmax
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 …
Photo Gallery
3 March 12:52 PM TMG Holding’s ICON finalises acquisition of 7 historic hotels in Egypt
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 …
Photo Archive
3 March 11:21 AM Agthia raises stake in Egypt-based Auf Group to 70%
Abu Dhabi – Mubasher: Agthia Group has completed the acquisition of an additional 10% shareholding in Egypt-based healthy snacks and coffee manufacturer and retailer Auf Group. Through this transaction, the ADX-listed group increased its equity …
Photo Archive
3 March 10:48 AM ADIB Egypt withdraws acquisition offer of Cairo National for Investment
Cairo – Mubasher: Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) has withdrawn a mandatory tender offer (MTO) to acquire the free float shares of Cairo National for Investment and Securities company. The offer was originally submitted on 14 December …
Photo Archive
3 March 10:31 AM B Investments’ board nods to $3m investments into Basata
Cairo – Mubasher: B Investments Holding’s board of directors has approved investing $3 million in Basata Holding for Financial Payments and its affiliates. The investment is set to fund Basata’s regional expansion plan, according to a bourse …
Photo Archive
28 February 02:52 PM Palm Hills Developments logs EGP 1.6bn profits in 2023; acquisition deal approved
Cairo – Mubasher: The net consolidated profit after income tax and non-controlling equities of Palm Hills Developments Company registered EGP 1.58 billion in 2023, up from EGP 1.25 billion a year earlier. Revenues jumped to EGP 17.46 billion last …
Photo Archive
28 February 01:05 PM FRA greenlights B Investments’ acquisition of Orascom Financial Holding
Cairo – Mubasher: B Investments Holding obtained the approval of the Financial Regulatory Authority (FRA) to acquire 90% of the capital of Orascom Financial Holding (OFH). The transaction will be implemented through a stock exchange without the …
Photo Archive
28 February 09:57 AM Q Holding takes over ADNEC; rebranding unveiled
Abu Dhabi – Mubasher: Q Holding acquired more than 100% of the share capital for Abu Dhabi National Exhibitions Company (ADNEC), according to a press release. The ADX-listed firm reinforced its position in Abu Dhabi’s real estate market by …
Photo Gallery
27 February 04:55 PM MAPEI Group acquires Saudi Bitumat to expand presence in Middle East
 Mubasher: MAPEI Group, a leading Italian manufacturer of chemical products for use in the building industry, acquired a 100% stake in Saudi Arabia-based Bitumat. The acquisition aligns with the group’s expansion plans to strengthen its presence …
Photo Gallery
27 February 11:31 AM Multiply reinforces media portfolio via acquisition of BackLite
Abu Dhabi – Mubasher: Multiply Group has fully acquired BackLite Media, a premier Digital Out-of-Home (DOOH) advertising firm, to expand its footprint in the burgeoning Out-of-home (OOH) advertising space. BackLite Media has assets in key …
Photo Archive
25 February 03:44 PM Saudi Lime inks acquisition deal with Astra Industrial, Tharawat Mining
Riyadh - Mubasher: Saudi Lime Industries Company penned a conditional binding with Astra Industrial Group and Tharawat Mining Company to fully acquire Astra Mining Limited Company. The parties agreed to complete the transaction within three months …
Photo Archive
18 February 11:45 AM GIG sells entire stake in Buruj Cooperative for SAR 122m
Riyadh – Mubasher: Buruj Cooperative Insurance Company has announced that its majority shareholder Gulf Insurance Group (GIG) entered a binding agreement to sell its entire stake in the company to Cigalah Trading Establishment for SAR 121.83 …
Photo Archive
6 February 02:10 PM Ghitha Holding acquires majority stake in MNG Airlines for $211m
Abu Dhabi – Mubasher: Ghitha Aeroinvest Holding Limited, a wholly-owned indirect subsidiary of Ghitha Holding entered into a share purchase agreement (SPA) to acquire a 44% stake in MNG Havayollari ve Tasimacilik A.S. (MNG Airlines). The …
Photo Archive
30 January 12:02 PM Pure Health to acquire 25% stake in SERA
Abu Dhabi – Mubasher: Abu Dhabi Health Services Company (SERA), a wholly owned subsidiary of Pure Health Holding, has signed a definitive agreement to acquire Mayo Clinic's interest in Sheikh Shakbout Medical City (SSMC). SERA plans to purchase …
Photo Gallery
23 January 01:50 PM UAE’s Elite acquires LogX via logistics deal
UAE – Mubasher: GreenDome Holdings (GDH), through its subsidiary Elite Company, has acquired LogX, a leading temperature-controlled logistics firm in the UAE, according to a press release. GreenDome highlighted that the multi-million dollar deal …
Photo Archive
22 January 10:40 AM Response Plus boosts global expansion via acquisition of UK-based Prometheus
Abu Dhabi – Mubasher: Response Plus Medical, part of listed, Response Plus Holding has acquired UK-based healthcare training and consultancy services firm Prometheus Medical. The strategic acquisition aligns with the UAE group’s growth plans to …
Photo Gallery
21 January 11:46 AM Saudi Tadawul Group acquires SAR 107m equity in DME
Riyadh – Mubasher: Saudi Tadawul Group Holding Company has entered into a binding agreement with the shareholders of DME Holdings Limited to acquire a 32.60% stake in Dubai Mercantile Exchange (DME). Subject to pre-closing terms and conditions, …
Photo Gallery
15 January 09:41 AM UAE-based PureHealth acquires UK’s largest private healthcare group
Abu Dhabi – Mubasher: PureHealth has completed its acquisition of Circle Health Group, the UK’s largest independent operators of hospitals, according to a press release. Valued at nearly $1.20 billion before debt, the transaction boosts …