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Mergers and Acquisitions

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30 November 04:58 PM GFH acquires $200m medical offices in US
Mubasher: GFH Financial Group has purchased a portfolio of medical offices in the US in exchange for around $200 million, as part of the company's plan to build a portfolio of stabilised assets. With 11 assets, the medical portfolio spreads across …
Companies Investments
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30 November 09:46 AM Maharah’s unit signs MoU to acquire 40% of Salis For Trading and Marketing
Riyadh – Mubasher: Growth Avenue Investment Company, a wholly-owned subsidiary of Maharah Human Resources Company, has signed a Memorandum of Understanding (MoU) to acquire a 40% stake in Salis For Trading and Marketing Company. The transaction is …
Companies Investments
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29 November 12:22 PM Response Plus Holding acquires Health Tech for AED 10m
Abu Dhabi - Mubasher: Response Plus Holding has acquired the UAE-based Health Tech Training in exchange for AED 9.8 million, as part of the company's plan to include all aspects of healthcare services. The acquisition will enable Response Plus …
Mergers and Acquisitions
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28 November 02:48 PM SISCO’s subsidiary acquires Elite Group
Riyadh – Mubasher: Saudi Trade and Export Development Company (LogiPoint), a 76%-owned subsidiary of Saudi Industrial Services Company (SISCO), has fully acquired Elite Group. The acquisition transaction was carried out through LogiPoint’s …
Mergers and Acquisitions
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28 November 01:05 PM Egyptians for Housing and Development to appoint financial advisor to acquire Edge
Cairo – Mubasher: Egyptians for Housing and Development Co will appoint a financial advisor to assess the stock’s fair value (FV) to acquire a stake in Edge Development and Project Management. The company seeks to acquire 39.99 million shares, …
Companies Investments
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28 November 10:06 AM Maple Invest acquires 15.6% of Damac's share capital
Dubai – Mubasher: Maple Invest Co has acquired 15.6% of the issued and paid-up share capital in Damac Properties during the offer period by purchasing 943.9 million shares in Damac at a price of AED 1.4 per share. Damac has received from Maple …
Mergers and Acquisitions
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24 November 10:29 AM IHC's unit acquires 70% stake in WFC Holding
Abu Dhabi – Mubasher: Emirates Stallions Group (ESG), a subsidiary of International Holdings Company (IHC), has acquired a 70% stake in WFC Holding, a UAE-based technology, data-driven, and outsourcing company. WFC Holding is specialised in …
Companies Investments
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24 November 09:41 AM Egypt's FRA approves Aldar-ADQ consortium's MTO to acquire SODIC
Mubasher: The Egyptian Financial Regulatory Authority (FRA) has approved a mandatory tender offer (MTO) submitted by a consortium of Aldar Properties and ADQ to acquire up to 90% and a minimum of 51% of the outstanding share capital of Six of …
Companies Investments
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21 November 05:06 PM Edita plans to acquire Egyptian Belgian Company's assets
Cairo – Mubasher: Edita Food Industries has signed a non-binding letter of intent to acquire the assets owned by the Egyptian Belgian Company for Industrial Investments. Edita or any of its designated affiliates or subsidiaries plan to acquire …
Mergers and Acquisitions
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21 November 09:34 AM SCA approves Emaar's capital raise, Emaar Malls' delisting ahead of merger
Dubai – Mubasher: The Securities & Commodities Authority  (SCA) has approved the delisting of Emaar Malls from the Dubai Financial Market (DFM) and the capital increase of Emaar Properties to prepare for the merger. As a result of the merger, …
Mergers and Acquisitions
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18 November 05:48 PM EFG Hermes becomes Egyptian universal bank following aiBank acquisition
Cairo – Mubasher: The Egyptian Financial Group Hermes Holding (EFG Hermes) has officially transferred into an Egyptian universal bank, after it concluded the acquisition of 51% equity in the Arab Investment Bank (aiBank). In a bourse filing to the …
Mergers and Acquisitions
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18 November 04:45 PM Amanat allocates AED 1.5bn for acquisitions in 2022
Dubai – Mubasher: Amanat Holdings has allocated at least AED 1.5 billion ($408 million) for acquisitions in the healthcare and education sectors across different markets in 2022, the company's CEO, Mohamad Hamade, told Bloomberg TV. Hamade added …
Mergers and Acquisitions
The board has approved the company's three-year business plan
18 November 11:30 AM Response Plus to acquire Health Tech Training Centre for AED 10m
Abu Dhabi - Mubasher: The board of Response Plus Holding has approved to initiate the acquisition process for 100% shares of Health Tech Training Centre in exchange for up to AED 9.8 million. The company's chairman has refrained from voting on …
Companies Investments
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18 November 09:31 AM Etisalat signs deal to fully acquire online marketplace elGrocer
Abu Dhabi – Mubasher: Emirates Telecommunications Group (Etisalat) has entered into an agreement to fully acquire elGrocer DMCC, an online marketplace for groceries operating across the UAE. The acquisition will enable Etisalat to increase its …
Companies Investments
MSH covers various segments of the healthcare industry
15 November 01:10 PM GFH acquires 60% stake in UAE's multi-specialty healthcare provider
Mubasher: GFH Financial Group has acquired a 60% stake in the UAE-based Multi-Specialty Healthcare Partner Holding (MSH) in exchange for more than $100 million. With 19 healthcare clinics and two pharmacies across Al Ain, Abu Dhabi, Sharjah, and …
Companies Investments
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15 November 12:57 PM Almarai concludes acquisition of UAE-based Binghatti Beverage’s asset
Riyadh – Mubasher: Almarai Company has completed the acquisition of Binghatti Beverage’s production facility in the UAE for AED 215 million, according to a bourse disclosure on Monday. The acquisition transaction is expected to help the Saudi firm …
Mergers and Acquisitions
Dubai Investments owns a 76.8% stake in Al Mal Capital REIT
11 November 01:08 PM Dubai Investments confirms acquisition deal in educational sector
Dubai – Mubasher: Dubai Investments has confirmed the conclusion of an acquisition deal in the education sector, which will be executed through Al Mal Capital REIT. Dubai Investments owns a 76.8% stake in Al Mal Capital REIT, according to a bourse …
Mergers and Acquisitions
Telecom Egypt has the right to buy Vodafone Group’s shares in Vodafone Egypt
10 November 11:27 AM Vodacom submits initial offer to acquire stake in Vodafone Egypt
Cairo – Mubasher: Telecom Egypt announced that the South African group Vodacom has made an initial offer to acquire Vodafone Group's stake in Vodafone Egypt.  Vodafone Group will reveal the value and structure of the offer, Telecom Egypt said in a …
Companies Investments
Raya Contact Center logged net profits of EGP 9.75 million in six months
7 November 01:06 PM Raya Contact Center mulls expansion in American continent
Cairo – Mubasher: Raya Contact Center is currently studying expansion in the American continent through acquisition as part of its near-future strategy.  In response to news reports about completing an agreement to acquire a US firm in 2022, the …
Mergers and Acquisitions
Ezz Steel achieved over $1 billion in sales during the first nine months of 2021
7 November 12:13 PM Ezz Steel comments on reports on acquiring stake in steel firm
Cairo – Mubasher: Ezz Steel responded to news reports about its intention to acquire a stake in one of the existing iron and steel companies. In a bourse disclosure on Sunday, the largest steel manufacturer in Egypt and the Arab world said it …
Companies Investments
The portfolio comprises 14 mission-critical logistics warehouses
4 November 09:45 AM GFH acquires $2bn logistics assets in US
Mubasher: GFH Financial Group has acquired a portfolio of Amazon-designated logistics assets in the US at a value of more than $2 billion. Spanning over 11 million square feet, the portfolio comprises 14 mission-critical logistics warehouses, …
Companies Investments
Orient Insurance seeks to obtain necessary regulatory approvals
3 November 01:01 PM Orient Insurance seeks to acquire Orient UNB Takaful's non-owned shares
Dubai - Mubasher: Orient Insurance Co will submit an offer to acquire non-owned shares of Orient UNB Takaful, representing 16.09% of the company's shares. Orient Insurance seeks to obtain necessary regulatory approvals to begin the acquisition …
Companies Investments
The company will be sold at a price of EGP 230.16 per share
2 November 12:21 PM Middle East Glass Manufacturing inks deal to sell Medco Plast
Cairo – Mubasher: Middle East Glass Manufacturing Co has reached a final agreement to sell its subsidiary Medco Plast for Packing and Packaging Systems.  Under the deal, the company will be sold at a price of EGP 230.16 per share, according to a …
Mergers and Acquisitions
This acquisition has been completed at a price of AED 1.4 per share
1 November 04:37 PM Maple Invest raises ownership in Damac
Dubai – Mubasher: Maple Invest Co has increased its ownership in Damac Properties' share capital to 17.723% after acquiring 800 million shares representing 13.223% of the company's issued and paid up share capital. This acquisition has been …
Mergers and Acquisitions
The final paid consideration amounted to AED 1.863 billion
28 October 04:25 PM Etisalat completes acquisition of additional stake in EINA
Abu Dhabi – Mubasher: Emirates Telecommunications Group (Etisalat) has completed the acquisition of Abu Dhabi Fund for Development’s 8.7% stake in Etisalat Investment North Africa (EINA).  This acquisition has enabled Etisalat to raise its …
Mergers and Acquisitions