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Mergers and Acquisitions

The offer includes the purchase of 38.61 million shares
12 July 06:08 PM FRA approves MTO for Americana Egypt
Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) approved a request to publish the mandatory tender offer (MTO) submitted by Americana Group, a subsidiary of Adeptio, to acquire the remaining minority interest in the Egyptian …
Kamco Invest has AUMs of more than $13 billion as at 2019
12 July 02:49 PM Global Saudi rebrands to Kamco Invest
Riyadh - Mubasher: Global Investment House Saudi (Global Saudi) has changed its legal name and brand to Kamco Investment Company in line with the group's strategy to operate under one unified brand, "Kamco Invest". The step, subject to the …
The MoU has been extended for 60 days
12 July 10:02 AM stc renews MoU to acquire majority stake in Vodafone Egypt
Riyadh – Mubasher: Saudi Telecom Company (stc) has renewed the non-binding Memorandum of Understanding (MoU) previously signed with Vodafone Group to take over a 55% stake in Vodafone Egypt for 60 days effective immediately. The decision comes in …
No offer or agreement has been made to date
9 July 06:02 PM Maple Invest considers acquiring DAMAC Properties
Dubai – Mubasher: Maple Invest Co. Limited announced that, as a representative of Hussain Sajwani and his group, it is exploring the potential acquisition of 100% of the issued and paid-up capital of DAMAC Properties Dubai. This is part of the …
Americana Group will offer a purchase offer up to EGP 6.32 per share
8 July 04:05 PM Americana Group raises purchase price for Americana Egypt
Cairo – Mubasher: Americana Group has raised the purchase price for the minority interest in the Egyptian Company for International Touristic Projects (Americana Egypt), in response to the Financial Regulatory Authority’s (FRA) decision. Americana …
Lift Slab Misr aims to increase and diversify its revenue streams
7 July 12:25 PM Lift Slab Misr set to complete acquisition of El-Wafaa for Tourism Investment
Cairo – Mubasher: The Egyptian Company for Construction Development (Lift Slab Misr) is set to complete a deal to acquire 85% of El-Wafaa for Tourism Investment Co. for EGP 94.6 million from Al Forsan Real Estate Development & Investments. Through …
TAQA completed a merger deal with ADPower
2 July 10:35 AM Moody's upgrades TAQA's ratings to Aa3, P-1, outlook stable
Abu Dhabi – Mubasher: Moody's Investors Service has upgraded the rating of Abu Dhabi National Energy Company (TAQA) to Aa3 from A3 and the short-term rating to P-1 from P-2, with a 'Stable' outlook. The rating agency's upgrade came following the …
The company has not received any acquisition requests from any parties
1 July 11:01 AM DAMAC Properties denies receiving acquisition requests
Dubai – Mubasher: DAMAC Properties has denied the media reports claiming that its president is considering taking the company private, according to the company's disclosure to the Dubai Financial Market (DFM) on Wednesday. The company confirmed …
Most of ADPower's assets will be transferred to TAQA
1 July 09:50 AM TAQA completes merger deal with ADPower
Abu Dhabi – Mubasher: Abu Dhabi National Energy Company (TAQA) has completed its merger deal with Abu Dhabi Power Corporation (ADPower), establishing one of the largest utility companies in the Europe, Middle East, and Africa (EMEA) region. Under …
Dallah’s now owns 86.1% of Makkah Medical capital
30 June 09:29 AM Dallah buys SAR 161m stake in Makkah Medical
Riyadh – Mubasher: Dallah Healthcare Company (DHC) has signed a final purchase agreement on 29 June with Makkah Medical Center Company to buy 78.59% of its capital or 2.389 million shares for SAR 161.1 million. Dallah’s new ownership in Makkah …
Batic will own a majority stake of 60% in the new company's capital
29 June 12:36 PM Batic sets up AlShifa Technology via partnership
Riyadh – Mubasher: Batic Investments and Logistics Company (Batic) has entered into a new partnership agreement with AlShifa Medical Technology Company on 28 June to establish AlShifa Technology Company in Saudi Arabia. Batic will own a majority …
Maridive reported net profits of $2.64 million in 2019
28 June 04:26 PM Maridive receives acquisition offer for subsidiary
Cairo – Mubasher: Maridive and Oil Services said that Khaled Abdullah Al Subeaei Holding Company offered to acquire its 99.99%-owned subsidiary Maridive Offshore Projects. The offer will be referred to the board of directors for approval, Maridive …
Trading the shares of NCB and Samba was suspended for one day
28 June 10:37 AM Tadawul resumes trading on NCB, Samba shares
Riyadh - Mubasher: The Saudi Stock Exchange (Tadawul) has resumed trading on the shares of the National Commercial Bank (NCB) and Samba Financial Group on Sunday, according to an official statement. The move came after the two lenders recently …
The merger is subject to regulatory approval
28 June 09:59 AM Agility to invest in Tortoise's private offering
Mubasher: Agility Public Warehousing, dually listed on Boursa Kuwait and Dubai Financial Market (DFM), has approved its investment in the private securities offering of Tortoise Acquisition Corp. This announcement is in connection with the merger …
An agreement is expected within four months
25 June 05:42 PM NCB, Samba sign deal for potential merger
Riyadh – Mubasher: The National Commercial Bank (NCB) and Samba Financial Group have entered into a framework agreement to begin a due diligence process and negotiate the terms of a potential merger. The proposed transaction involves a merger by …
Merger plans could be made public soon
25 June 04:20 PM Saudi NCB considers $13bn takeover of Samba Group
Riyadh - Mubasher: The Saudi National Commercial Bank (NCB) is exploring a deal to acquire Samba Financial Group for $13 billion (SAR 48.75 billion), Bloomberg reported on Thursday citing unnamed sources. The two banks are still in talks about a …
The two parties aim to acquire 76% of the bank’s capital
24 June 11:47 AM EFG Hermes, Egypt’s sovereign fund to conduct due diligence on aiBank
Cairo – Mubasher: The Egyptian Financial Group Hermes Holding (EFG Hermes) and the Sovereign Fund of Egypt (TSFE) announced obtaining the Central Bank of Egypt’s (CBE) approval to conduct due diligence process on the Arab Investment Bank (aiBANK). …
The property was sold for EUR 52.9 million
22 June 10:27 AM SEDCO Capital exits Germany's ABC West
Riyadh - Mubasher: Global Sharia-compliant asset manager, SEDCO Capital, has exited German-based ABC West, a multi-let office property, achieving an internal rate of return (IRR) of 30% for its investors. The property was sold for EUR 52.9 …
The transaction’s impact will reflect on Taiba’s financials
21 June 02:18 PM Taiba Investments exits stake in Fiber Glass Oasis
Riyadh – Mubasher: Taiba Investments Company on Sunday announced the sale of its 29.5% stake in Fiber Glass Oasis Co (FGOC), a closed joint-stock associate company. The sale is in line with Taiba’s strategic plans to exit some non-core investments …
The shareholders sold about 54.78 million shares
18 June 05:31 PM Pioneers Holding’s chairman cuts stake for EGP 474m
Cairo – Mubasher: Pioneers Holding Company for Financial Investment announced that its chairman and managing director Walid Mohamed Zaki Ibrahim reduced his stake from 8.40% to 2.54%. The shareholders sold about 54.78 million shares for EGP 474.42 …
Jio Platforms is fully owned by Reliance Industries
18 June 03:09 PM Saudi PIF takes over $1.5bn stake in India's Jio Platforms
Riyadh - Mubasher: The Public Investment Fund (PIF) signed an agreement to acquire a 2.32% equity stake in India's leading digital services platform, Jio Platforms, for $1.5 billion. The deal, subject to customary closing conditions and Indian …
The trading on DP World's shares was suspended
18 June 10:04 AM Trading DP World shares suspended for acquisition deal
Dubai – Mubasher: Trading the shares of DP World on Nasdaq Dubai has been suspended starting Thursday, the Dubai Financial Services Authority (DFSA) disclosed in a recent statement. The trading suspension will enable the parent company Port and …
Cleopatra Hospital achieved net profits of EGP 265.35 million in 2019
17 June 05:40 PM Cleopatra Hospital denies news on acquiring Alameda
Cairo – Mubasher: Cleopatra Hospital Co denied news about the completion of its acquisition of Alameda Healthcare next week. Any material information will be disclosed to the bourse, the company said in a statement to the Egyptian Exchange (EGX) …
The dual-listed firm acquired 5.99 million shares
17 June 05:08 PM Egypt Kuwait Holding acquires stake in Mohandes Insurance for EGP 105m
Cairo – Mubasher: Egypt Kuwait Holding (EKH), listed on the Egyptian Exchange (EGX) and Boursa Kuwait, purchased a 9.98% stake in Mohandes Insurance, Pharos Securities Brokerage said in a statement to the Egyptian bourse on Wednesday. The …
Cellnex was founded in 2015
17 June 04:35 PM ADIA raises stake in Spain’s Cellnex
UAE – Mubasher: The Abu Dhabi Investment Authority (ADIA), Abu Dhabi’s sovereign wealth fund, has increased its stake in Cellnex, a Spanish mobile phone tower operator, to 6.97%. The deal came after the sovereign wealth funds of Abu Dhabi and …