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Mergers and Acquisitions

All physical and non-physical assets and customer accounts are included in the deal
14 January 05:54 PM Bahrain's Bank ABC completes acquisition of Blom Bank Egypt for $480m
Mubasher: Bahrain's Arab Banking Corporation (Bank ABC) finalised the acquisition of Blom Bank’s unit in Egypt for $480 million, two banking sources told Reuters on Thursday. All physical and non-physical assets and customer accounts are included …
Afkar also operates 2XL Furniture & Home Decor
12 January 04:50 PM IHC's unit acquires 60% of Afkar Financial and Property Investment
Abu Dhabi – Mubasher: IHC Industrial Holding, a wholly-owned subsidiary of International Holdings Company (IHC), has completed the acquisition of 60% of the share capital of Afkar Financial and Property Investment. Established in 2008, Abu …
The acquisition is expected to complete in the first half (H1) of 2020
12 January 02:15 PM CHG invests EGP 1bn in infrastructure, medical technology upgrades since 2015
Cairo – Mubasher: Cleopatra Hospitals Group (CHG) has invested more than EGP 1 billion in quality, infrastructure, and medical technology upgrades and since 2015. In addition, the group has not distributed annual dividends and reinvested the …
The consortium offered to acquire 7.078 million shares
10 January 03:57 PM Consortium offers to acquire controlling stake in El Nasr for Agricultural Crops
Cairo – Mubasher: The Egyptian Financial Regulatory Authority (FRA) said that a consortium comprised of Al Raed for Agricultural Production and Real Estate Investment and New Smart for Construction submitted an offer to acquire a controlling stake …
Senaat now owns 59.17% of the entire issued share capital of Agthia.
7 January 10:20 AM Agthia completes strategic combination with Al Foah
Abu Dhabi – Mubasher: Agthia Group announced the successful completion of its strategic combination with Al Foah, the world’s largest date processing and packaging company based in Abu Dhabi. With the integration of Al Foah into Agthia as a …
GAC is a government body responsible for protecting and promoting fair competition.
6 January 11:47 AM Saudi GAC receives 137 economic concentration requests in 2020
Riyadh – Mubasher: Saudi Arabia’s General Authority for Competition (GAC) said it received 137 economic concentration requests in 2020. At the sector level, 49 of these requests were granted a no-objection certificate in the last year, according …
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5 January 12:22 PM Sumou Holding acquires Jeddah’s Lamar Towers Project
Riyadh – Mubasher: Sumou Holding Company has acquired Lamar Towers Project in Jeddah city after receiving a go-ahead from the Off-Plan Sales or Rent Programme (WAFI). The acquisition aims to protect the project’s rights and obligations, including …
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5 January 10:30 AM Alkhabeer Capital receives go-ahead to raise capital of fund
Riyadh – Mubasher: Alkhabeer Capital, manager of Alkhabeer REIT fund, has received the Capital Market Authority’s (CMA) approval to increase the total value of the fund's assets in a bid to acquire new real estate assets. The fund will take over …
SABIC’s ownership in SAFCO post this transaction increased from 42.99% to 50.1%.
4 January 10:39 AM SAFCO completes acquisition of SABIC Agri-Nutrients Investment
Riyadh – Mubasher: The Saudi Basic Industries Corporation (SABIC) announced on Monday the completion of the Saudi Arabian Fertilizer Company’s (SAFCO) full acquisition of SABIC Agri-Nutrients Investment Company (SANIC). SAFCO issued 59.368,738 …
Zaldi Capital has offered a price of EGP 5.5 per share
3 January 05:54 PM Alexandria National Co for Financial Investment receives acquisition offer
Cairo – Mubasher: Alexandria National Company for Financial Investment has received an offer from Zaldi Capital and other investors to acquire 90% of the company’s shares. Zaldi Capital has offered a price of EGP 5.5 per share, noting that it …
The acquisition would raise the company’s volume of business to EGP 700 million
3 January 01:52 PM MB for Engineering decides to acquire competitor
Cairo – Mubasher: The board of directors of MB for Engineering and Contracting decided to submit an acquisition offer to take over a competitor which has a market share of 12% in the engineering sector. In addition, the board approved the …
This transaction comes as a settlement for the bank's dues with BR Shetty
31 December 2020 03:59 PM ADCB purchases stake in Alexandria Medical Services for AED 64m
Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) has acquired a 51.5% stake in the capital of Alexandria Medical Services - Alexandria New Medical Center for AED 64 million (EGP 275 million), Al Arabiya reported. This transaction comes as a …
The ECA issued an objection in principle to CHG’s plan to acquire Alameda Healthcare Group
31 December 2020 02:18 PM CHG comments on competition regulator's decision on Alameda acquisition
Cairo – Mubasher: Cleopatra Hospitals Group (CHG) said that it has not yet submitted the complete application to the Egyptian Competition Authority (ECA) concerning the full acquisition of Alameda Healthcare Group. The group “is currently …
The transaction was concluded at a value of EGP 53.33 per share.
31 December 2020 00:37 PM Raya Holding sells 24% of Aman Electronic to NBE
Cairo – Mubasher: Raya Holding for Financial Investments inked a deal to sell 9 million shares of Aman Electronic Payment Technology Company, a fully-owned subsidiary, to the National Bank of Egypt (NBE) for EGP 53.33 per share. This represents …
The acquisition would result in a monopoly in the healthcare market in Egypt
31 December 2020 11:01 AM Egyptian Competition Authority opposes CHG's acquisition of Alameda
Cairo – Mubasher: The Egyptian Competition Authority (ECA) issued an objection in principle to Cleopatra Hospitals Group’s (CHG) plan to acquire Alameda Healthcare Group. The acquisition would result in a monopoly in the healthcare market in …
Agthia will issue these bonds to General Holding Corporation
29 December 2020 09:38 AM Agthia's board agrees on issuing mandatory convertible bonds to acquire Al Foah
Abu Dhabi – Mubasher: The board of Agthia Group has approved to issue mandatory convertible bonds with a nominal value of AED 1 each in an aggregate amount of AED 450 million to acquire Al Foah Company. Agthia will issue these bonds to General …
SAMI's acquisition of AEC comes as part of the largest military industries deal ever concluded in KSA.
28 December 2020 02:37 PM SAMI takes over Advanced Electronics Company
Riyadh – Mubasher: The Saudi Arabian Military Industries (SAMI), a wholly-owned subsidiary of the Public Investment Fund (PIF), has acquired Advanced Electronics Company (AEC) as part of the largest military industries deal ever concluded in Saudi …
The board of DXBE will review the appointment of financial and legal advisors
28 December 2020 10:18 AM DXB Entertainments to consider appointing advisors for Meraas' offer
Dubai – Mubasher: The board of DXB Entertainments will review the appointment of financial and legal advisors to evaluate the offer received from Meraas Leisure and Entertainment. On 20 December, Meraas notified the board of DXBE about its plan …
ADIB Egypt owns a total direct and indirect stake of 84.99% in the company
27 December 2020 01:27 PM Alexandria National Co for Financial Investment gets acquisition offer
Cairo – Mubasher: Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) announced that a group of investors represented by Ahmed Farouk has offered to acquire the stake of the bank and its subsidiaries in Alexandria National Company for Financial Investment …
The deal is expected to close in H1-21
27 December 2020 11:41 AM Cleopatra Hospitals Group to acquire 100% of Alameda's hospitals in Egypt
Cairo – Mubasher: Cleopatra Hospitals Group (CHG) has signed an agreement for the acquisition of 100% of Alameda Healthcare Group’s assets in Egypt and the operational merger of hospitals and medical units. The deal, pending certain conditions and …
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27 December 2020 11:12 AM Ayyan appoints financial adviser on potential stake increase in unit
Riyadh – Mubasher: Ayyan Investment Co. has appointed Aljazira Capital as a financial adviser to manage its deal negotiation process with Al Ahsa Medical Services Co’s shareholders to acquire their non-controlling stakes. Aljazira Capital will …
The company's stake will decrease to 6.38%
27 December 2020 10:59 AM B Investments Holdings sells 20% of stake in Total Egypt for EGP 146m
Cairo – Mubasher: B Investments Holdings has signed an agreement to sell 20% of its stake in Total Egypt to the French multinational integrated oil and gas company Total SA for a value of EGP 146.4 million. Upon completion of the transaction, the …
Roebuck has managed assets with total investments of over £1.4bn
27 December 2020 09:48 AM GFH acquires Roebuck Asset Management in UK
Mubasher: GFH Financial Group has acquired a majority stake in the UK-based Roebuck Asset Management, specialised in managing logistics real estate assets and commercial spaces. With the acquisition of Roebuck, GFH is enabled to expand its …
GSK Egypt reported net profits of EGP 101.41 million in nine months
24 December 2020 00:43 PM GSK Egypt considers merge of Amoun Pharmaceutical Industries
Cairo – Mubasher: The board of directors of Glaxo SmithKline (GSK Egypt) decided to form a committee to study the merge of Amoun Pharmaceutical Industries into the company. The board also approved to refer the decision of the appointment of …
The merger will be carried out through a securities exchange offer.
23 December 2020 04:55 PM CMA approves Aljazira Takaful’s capital hike to merge with Solidarity
Riyadh – Mubasher: The Capital Market Authority (CMA) approved Aljazira Takaful Taawuni Company’s request to increase its capital from SAR 350 million to SAR 470.6 million by issuing 12.1 million ordinary shares to merge with Solidarity Saudi …