Mergers and Acquisitions

The acquisition deal is forecast to complete later in 2019
4 hours ago Saudi Aramco to acquire Shell’s 50% stake in SASREF for $631m
Riyadh – Mubasher: The Saudi Arabian Oil Co, better known as Saudi Aramco, on Sunday announced the acquisition of Shell Saudi Arabia Refining Limited’s (Shell) 50% stake in the Saudi SASREF joint venture for SAR 2.366 billion ($631 million). …
The move comes along with the company’s strategy to boost its presence in the regional market
10:06 AM Eltizam Asset Management earmarks AED 200m for M&A deals
UAE – Mubasher: Eltizam Asset Management Group announced that it has allocated around AED 200 million for merger and acquisition (M&A) deals that will take place in 2019 and 2020, the company said in a recent statement. The GCC’s leading physical …
The transaction is expected to be completed in the third quarter of 2019
18 April 01:16 PM Ma’aden’s unit acquires 85% in Meridian Group
Riyadh – Mubasher: Maaden Marketing and Distribution, a wholly-owned subsidiary of Saudi Arabian Mining Company (Ma’aden), has signed an agreement to acquire a 85% stake of Mauritius-based Meridian Group. The deal enables Ma’aden’s unit to submit …
Midfert bought 1.67 million of IAP’s shares
17 April 04:43 PM Midfert Egypt acquires 1.9% stake in International Agricultural Products
Cairo – Mubasher: Pharos Securities has announced that Midfert Egypt for Investment acquired a 1.98% stake in International Agricultural Products in International Agricultural Products (IAP). Midfert bought 1.67 million of IAP’s shares in …
CBK is expected to improve its earnings this year
15 April 02:48 PM CBK rules out merger with other bank in meantime – CEO
Mubasher: The Commercial Bank of Kuwait (CBK) does not plan to merge with any lender in the meantime, the bank’s CEO told CNBC Arabia. CBK may revisit the merger in the next few years, especially after the wave of consolidation in the banking …
The transaction is to take place during Q3-19
15 April 12:44 PM CI Capital to acquire 60% indirect stake in education firm
Cairo – Mubasher: CI Capital Holding on Monday announced it has signed a contract to acquire an indirect stake of 60% stake in Taleem Educational Services and Consultations (TESC). The transaction is expected to be implemented during the third …
The 5-year term notes bear interest at 5% on an annual basis
14 April 01:04 PM Mubadala’s unit acquires $130m notes of Equinox Gold
Abu Dhabi – Mubasher: MDC Industry Holding Company, a wholly-owned subsidiary of Mubadala Investment Company, has completed a subscription for $130 million worth of convertible notes issued by Equinox Gold Corp. through a private placement. The …
DIB might acquire financial institutions in line with the bank’s strategy
14 April 10:17 AM DIB seeks to expand activities, mulls acquisitions
Dubai – Mubasher: Dubai Islamic Bank (DIB) is looking at opportunities to support the expansion of its activities. To this end, the UAE's largest Islamic Bank might acquire financial institutions in line with the bank’s strategy and directions of …
“We expect 2019 to be a strong year for M&A activity"
11 April 11:00 PM MENA’s M&A deals mark highest level ever in Q1
Mubasher: Merger and acquisition (M&A) deals in MENA have recorded their highest annual total value ever during the first three months of 2019, after the conclusion of the $70.4 billion merger between Saudi Armco and Saudi Basic Industries …
A large stake of the deal’s proceeds will be allocated for prepaying Cristal’s outstanding bank debts.
11 April 02:21 PM US Trade Commission OKs sale deal to Tasnee’s unit
Riyadh – Mubasher: National Industrialization Co (Tasnee) on Thursday announced that the US Federal Trade Commission (FTC) approved Tronox Limited’s planned acquisition of the titanium dioxide (TiO2) business in the National Titanium Dioxide …
We are optimistic about the growth of our profits in 2019
10 April 07:27 PM KIPCO to focus on M&A deals – Vice Chairman
Mubasher: Kuwait Projects Holding (KIPCO) will focus on merger, acquisition, and exiting transactions in the coming months, the company’s vice chairman Faisal Hamad Al Ayyar said on Wednesday. Given KIPCO’s positive performance in the first …
The brand name, Bayut, means homes in Arabic
9 April 04:03 PM UAE’s Bayut acquires Lamudi ME as GCC expansion plan
Mubasher: The leading real estate portal in the UAE, Bayut, announced the acquisition of the Middle East Internet Group’s Lamudi in the GCC for an undisclosed sum. This takeover agreement comes as part of the company’s expansion plan, as Bayut …
The transaction has been implemented at a value of EGP 5.53/ shr
9 April 02:52 PM Raya sells 36.7% stake at EGP 315m
Cairo – Mubasher: The Egyptian Exchange (EGX) on Tuesday announced the completion of Mona Khair Eldin & Partners Company’s purchase offer to buy a stake in Raya Holding for Financial Investment at a value of EGP 314.76 million. The transaction has …
The new portfolio comprises specialised and general warehousing assets
9 April 10:23 AM Gulf Islamic Investment acquires AED 250m logistic assets in Dubai
Dubai – Mubasher: Gulf Islamic Investment (GII) on Tuesday announced that it has acquired a new logistics portfolio of warehouses in Jebel Ali and Dubai Investment Park (DIP). The transaction’s total cost amounted to AED 250 million, GII said in a …
Property Finder and JRD Group share the same consumer-centric vision
8 April 05:28 PM Property finder inks takeover deal of UAE-based JRD Group
Mubasher: The Middle East real estate classifieds website Property Finder announced its recent takeover plans after it has signed an agreement to acquire its competitor JRD Group, a UAE-based real estate technology provider, owner of property …
The transaction is expected to be finalised by the end of 2019
8 April 01:35 PM American Carlyle to acquire minor stake in Mubadala’s unit
Abu Dhabi – Mubasher: Mubadala Investment Company announced that it has agreed to sell a minor stake in its fully-owned Spanish oil and gas firm Compañía Española de Petróleos (Cepsa) to the US-based Carlyle, listed on Nasdaq Dubai. Carlyle Group …
The new combined entity will write to the state-run regulator CMA to obtain the approval
8 April 11:13 AM Kuwait’s CMA rejects Ream Real Estate-IRC merger
Mubasher: The Kuwaiti Capital Market Authority (CMA) has rejected the merger between Ream Real Estate Co and International Resorts Company (IRC). The new combined entity, Resorts Holding, will write to the state-run regulator CMA to obtain the …
Negotiations are still at an early stage and may not lead to a deal.
8 April 10:35 AM DIB in talks to acquire Noor Bank
Dubai – Mubasher: Dubai Islamic Bank (DIB) has been in talks to acquire Noor Bank, sources told Bloomberg News. Negotiations are still at an early stage and may not lead to a deal. If completed, the acquisition will create a lender with total …
The takeover will raise KAMCO’s assets by KWD 54 million
8 April 10:13 AM KAMCO Investment acquires US properties at $178m
Mubasher: KAMCO Investment on Monday announced acquiring properties in the US at a combined value of KWD 54 million ($178 million). The acquired facilities were leased to ‘HP Inc’, according to a statement to Boursa Kuwait. The takeover will raise …
Orascom Investment mulls raising capital to EGP 6.25 billion
7 April 03:44 PM Orascom Investment eyes capital hike on Nile Sugar’s acquisition
Cairo – Mubasher: Orascom Investment Holding’s (OIH) board of directors proposed to raise the company’s capital to EGP 6.25 billion following the acquisition of Nile Sugar. The general assembly will be invited to vote for the capital increase …
OIH will pay 10% of the deal’s value
5 April 12:12 AM Orascom Investment Holding in talks for EGP 3.66bn M&A deal
Cairo – Mubasher: Orascom Investment Holding (OIH) has announced that it was negotiating with Nile Sugar Company to acquire the company’s 1.32 billion shares and settle its current shareholders' loan in consideration of EGP 3.66 billion ($211.43 …
The new holding company is expected to own around 44% stake in BAS.
4 April 11:59 AM Bahrain mulls merging Gulf Air with BAH's firms
Mubasher: Bahrain’s Ministry of Transportation and Telecommunication plans to merge the state-owned Gulf Air with other firms operating in the Bahrain International Airport (BAH) by creating ‘Gulf Air Holding Company’, a member of Bahrain’s House …
The bank has not entered any negotiation with ADIB to execute any merger business
4 April 11:07 AM FAB “strongly denies” Bloomberg’s news on possible merger
Mubasher: First Abu Dhabi Bank (FAB) stated that it strongly rejects Bloomberg’s news report regarding a possible merger between FAB and Abu Dhabi Islamic Bank (ADIB). The bank has not entered any negotiation with ADIB to execute any merger …
The agreement stipulates the appointment of Al-Ohali as the CEO of the Combined Group
4 April 10:04 AM Sahara Petrochemical, Sipchem amend merger terms
Riyadh – Mubasher: Sahara Petrochemical Co on Thursday announced it has signed an agreement Saudi International Petrochemicals Company (Sipchem) to amend the terms of their merger. The agreement stipulates the appointment of Ahmad Abdulaziz …
Banque Misr sold 30,000 shares
3 April 10:06 PM Banque Misr cuts stake in Egyptian Iron and Steel
Cairo – Mubasher: Arab African International Securities (AAIS) has announced that Banque Misr reduced its stake in Egyptian Iron and Steel to 4.99%. Banque Misr sold 30,000 shares in the steel producer in consideration of EGP 150,000, according to …