Mergers and Acquisitions

The acquisition gives the European dairy giant full ownership of a cheese production site in Bahrain
13 December 04:34 PM Danish Arla Foods to acquire Mondelez International’s ME cheese business
Mubasher: Danish dairy group Arla Foods has reached a deal with US Mondelez International to acquire its processed cheese business in the Middle East region. The acquisition gives the European dairy giant full ownership of a cheese production site …
The acquisition allows dnata to expand its operations in the US
11 December 02:24 PM Dubai's dnata completes acquisition of US inflight, VIP caterer
Dubai — Mubasher: Dubai-based dnata on Tuesday announced completing the acquisition of New York’s inflight and VIP caterer, 121 Inflight Catering for undisclosed amount. The UAE's airline and shipping services group said the acquisition allows it …
Lulu Group is to focus on its investments in the retail and hospitality sectors.
10 December 11:32 AM UAE's Lulu Group denies plans for investment in troubled Jet Airways
Abu Dhabi — Mubasher: Lulu Group International does not have plans to invest in the ailing Indian airline Jet Airways, chairman and managing director of the UAE-based retail giant M A Yusuffali said. He added that the company is to focus on its …
Mubadala Petroleum acquires 20% stake in Egypt’s Nour offshore concession
9 December 05:57 PM Mubadala Petroleum acquires 20% stake in Egypt’s Nour offshore concession
Abu Dhabi – Mubasher: Mubadala Petroleum, the subsidiary of Mubadala Investment Company has announced completing the acquisition of a 20% stake of Italy’s Eni in the Nour offshore concession in North Sinai, Egypt. Eni is the operator of the Nour …
No financial impact can be determined in the current time
9 December 03:11 PM KAMCO, Global submit merger request to CMA
Mubasher: KAMCO Investment and its 69.28%-owned subsidiary Global Investment House have submitted a request to the Capital Markets Authority (CMA) for a plan of merger. KAMCO intends to acquire the remaining shares of Global following the approval …
The cancellation of the deal didn't have any financial impacts on the firm's financial results
6 December 05:32 PM BATIC cancels asset acquisition deal
Riyadh – Mubasher: BATIC Investment and Logistics Company on Thursday announced that it has inked a cancelation and final settlement agreement with UAE-based companies Abdullah Abbar & Sons Cold Stores (ACS), Dar Al Abbar Ltd. and its subsidiary …
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4 December 11:11 PM SABIC increases stake in Arrazi
Riyadh - Mubasher: Saudi Basic Industries Corporation (SABIC) announced on Tuesday that it has signed an agreement with the Japan Saudi Arabia Methanol Company (JSMC) to buy 50% of the company's shares in Arrazi for $150 million. This accounts for …
Ezz Elarab Automotive Group acquires AVIS Egypt
2 December 08:26 PM Ezz Elarab Automotive Group acquires AVIS Egypt
Cairo – Mubasher: Egypt-based Ezz Elarab Automotive Group has announced acquiring AVIS Egypt. This acquisition aims to launch a large entity which is set to provide transportation and car renting solutions in Egypt via merging “BUDGET” trademark …
The transaction amounted to KWD 268,000, or 40 fils per share
29 November 01:02 PM Al-Kharafi sells 6.7m shares in KSH
Mubasher: Kuwait Syrian Holding Company (KSH) on Thursday announced that Mohammed Abdulmohsen Al-Kharafi and Sons Co. approved the sale of 6.7 million shares, or 3.8%, of its stake in KSH’s capital to Mr. Badr Abdulrahman Albakr. The transaction …
If completed, the deal would signal a vote of confidence in Dubai’s ailing real estate market
29 November 10:18 AM Canadian Brookfield eyes investment in Dubai’s Meraas
Dubai — Mubasher: Brookfield Asset Management Inc. is in preliminary talks for an investment in Dubai-based Meraas Holding, sources familiar with the matter said. The Canadian firm, which owns assets in the utilities, transport, energy, and …
The center’s total cost amounted to AED 465 million
26 November 09:44 PM Dubai Investments buys 20% stake in Clemenceau Medical Centre
Dubai – Mubasher: Dubai Investments revealed that it has acquired a 20% stake in Clemenceau Medical Centre (CMC) in an equity partnership with Khansaheb Investments. The center’s total cost amounted to AED 465 million ($126.5 million). “Healthcare …
CE-Ventures on Monday announced that it has acquired a sizeable minority stake in Transcorp International
26 November 04:13 PM CE-Ventures acquires stake in Transcorp
Dubai – Mubasher: CE-Ventures on Monday announced that it has acquired a sizeable minority stake in Transcorp International (Transcorp), one of the UAE’s most efficient logistics and last-mile distribution providers.  The corporate venture capital …
Property Finder would use part of the money to push ahead with its strategy to launch innovative product
26 November 12:18 PM General Atlantic-led group to invest $120M in Dubai’s Property Finder
Dubai — Mubasher: UAE-based Property Finder on Monday announced that US private equity firm General Atlantic led $120 million investment and purchased a minority stake in it. The round also included participation from current investor Vostok New …
22 November 11:33 AM Mubadala Investment eyes acquiring stake in Yankees sports TV network
Abu Dhabi - Mubasher: Abu Dhabi state fund Mubadala Investment Company is seeking to team up with the New York Yankees to help the American professional baseball team take control of its Yankees sports TV network. The Yankees are also in …
Charlotte is the fourth fastest growing large city in the US
20 November 12:24 PM Bahrain's Mumtalakat partners Sentinel to acquire assets in US
Mubasher: The kingdom’s sovereign wealth fund Bahrain Mumtalakat Holding Company has announced its acquisition of office buildings in Charlotte, North Carolina Metropolitan Area in the US. This takeover transaction marks Mumtalakat’s second …
Musab Abdullah Al Mahruqi has been named a chief executive officer of the merged business
20 November 09:59 AM Oman Oil merges with state-run refiner to create mega firm
Mubasher: Oman announced the merger of state-owned oil investment and refining firms, Oman Oil Company and Oman Oil Refineries & Petroleum Industries Company, to form an entity spanning pumping crude and natural gas to processing and trading …
Aramco is also implementing due diligence on the potential transaction
20 November 09:41 AM Aramco considers financing options of SABIC’s acquisition
Riyadh – Mubasher: Saudi Arabian Oil Co, known internationally as Saudi Aramco, is mulling over a raft of financing options for the acquisition of a major stake in the Saudi Basic Industries Corporation (SABIC), informed sources said. Aramco is …
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16 November 07:06 PM Aldar plans acquisitions in logistics
Abu Dhabi - Mubasher: Aldar Investments seeks to acquire a number of logistical assets. “One of the great strengths is that [Aldar Investments] is the most diversified and scaled independent portfolio and company in the region. “We love the fact …
China’s Dalian Wanda Group will be open to finishing the deal
15 November 09:50 AM Saudi PIF mulls acquiring stake in US Legendary Entertainment
Riyadh – Mubasher: Saudi Arabia’s Public Investment Fund (PIF) is planning to acquire a $700 million stake in US movie studio Legendary Entertainment, informed sources said. The Saudi sovereign wealth fund is eyeing investment worth around $500 …
ADCB appoints Barclays as merger advisor
14 November 06:08 PM ADCB appoints Barclays as merger advisor
Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) appointed Barclays as an advisor to its potential merger with two other UAE-based banks, sources told Reuters on Wednesday. The merger involves Union National Bank (UNB) and privately-owned Al …
The assets are located in Riyadh, Jeddah, and Tabuk
13 November 02:58 PM Alkhabeer REIT Fund to acquire SAR 1bn assets
Riyadh – Mubasher: Alkhabeer REIT Fund announced that it will take over seven income-generating assets worth SAR 960.3 million. The assets are located in Riyadh, Jeddah, and Tabuk, and they will serve the retail, administrative and residential …
No plan to join new partners in Noon’s ownership
12 November 02:22 PM No plans for Noon-Namshi merger – Alabbar
Dubai – Mubasher: There is no plan to merge Noon.Com platform with Namshi Online Shopping, the Middle East's largest online fashion destination, the UAE e-commerce platform founder and the chairman of Emaar Properties Mohamed Alabbar said. Alabbar …
Ajman Bank raises stake in Dana Gas
11 November 03:25 PM Ajman Bank raises stake in Dana Gas
Abu Dhabi – Mubasher: UAE-based energy producer​ Dana Gas on Sunday announced that Ajman Bank has raised its shareholding in the company to more than 5% of the share capital, according to a filing to the Abu Dhabi Securities Exchange (ADX). On …
The new investment follows Hyperoptic’s successful GBP 250 million debt raise this summer
7 November 05:22 PM Abu Dhabi’s Mubadala acquires stake in UK’s Hyperoptic
Abu Dhabi – Mubasher: UK-based Hyperoptic on Wednesday announced that it has inked an agreement with Mubadala Investment Company (Mubadala), the investment arm of Abu Dhabi’s government, with assets under management of $225 billion. Under the …
They are in talks for a deal that could create a lender of $113 billion in assets
6 November 01:25 PM Abu Dhabi three banks’ merger at early stage - C.bank governor
Abu Dhabi – Mubasher: The merger of three lenders in Abu Dhabi is still at an early stage, Mubarak Rashed Al Mansoori, the UAE central bank governor, said on Tuesday. The three banks are Abu Dhabi Commercial Bank, Union National Bank (UNB), and …