Cairo – Mubasher: Prime Holding’s investment banking arm Prime Capital announced the acquisition of Paradigm Invest’s consulting unit, according to a bourse statement on Monday. The company appointed Hussein Abdel Rehim as the CEO and Sherif …
Mubasher: Boubyan Petrochemical Company has acquired an additional 1.39% stake in Warba Capital Holding Company for KWD 76,446. The new purchase will raise Boubyan’s ownership in Warba to 50.26%, according to a bourse filing on Sunday. …
Cairo – Mubasher: The extraordinary general meeting (EGM) of Ghabbour Auto (GB Auto) approved a recommendation to retract its decision to merge with RG Investments (RGI). The company’s shareholders also decided to cancel all the effects resulting …
Riyadh – Mubasher: Al Mommar Information Systems (MIS) signed a deal to acquire 75% of the shares of Egypt-based Fingerprint Consultancy. The company is currently completing all the relevant legal paperwork, according to a statement to the Saudi …
Cairo – Mubasher: A special deal worth EGP 40.5 million was executed through the large-scale transactions mechanism on the shares of Orascom Development Egypt, the Egyptian Exchange (EGX) announced on Wednesday. The deal was made over 17.018 …
Mubasher: Sustainable Capital Africa Alpha Fund has raised its ownership in Orascom Construction, listed on Nasdaq Dubai and the Egyptian Exchange (EGX), from 7.61% to 8.61%. The fund has purchased 12,015 shares at a price of EGP 55 per share, …
Cairo - Mubasher: New Smart Investments Industrial and Commercial Company has acquired an 18.17% stake in Egyptians for Housing and Development. The company has purchased 20.62 million shares in Egyptians for Housing and Development for a total …
Mubasher: Kuwait Finance House (KFH) has amended the timeline applicable to its acquisition offer of Bahrain’s Ahli United Bank’s (AUB) total issued share capital in response to Kuwait’s decision to suspend work in public entities until 12 April, …
Cairo – Mubasher: Egypt Gas announced on Tuesday that it has completed transferring the ownership of an 11% stake in the Egyptian Company for Natural Gas Distribution in Cities (Town Gas) from the Egyptian Natural Gas Company (GASCO). On 3 March, …
Mubasher: Burgan Bank said that it plans to transfer the ownership of its 51.8% stake in Bank of Baghdad to the United Gulf Holding Company (UGH), which is a sister company of the Kuwait-based bank. The stake represents nearly 129.48 million …
Mubasher: The Securities House on Monday announced the completion of the legal procedures of its merger with Al Aman Investment, according to a statement to Boursa Kuwait. Moreover, a share swap of 74.865 million shares of Al Aman’s capital, owned …
Mubasher: Investcorp announced that its European real estate business has acquired The Bridge, a single let office and research and development (R&D) asset in Brussels, from a wholly-owned subsidiary of the Coca-Cola Company for EUR 88 million …
Mubasher: Kuwait Projects Holding (KIPCO) has increased its stake in OSN to 87.6% from 60.5% through participation in capital calls and an arbitration decision. The Boursa Kuwait-listed firm expects the transaction to reflect positively on its …
Mubasher: Keypoint Trust has increased its stake in GFH Financial Group from 7.24% to 7.77% of the group's total paid-up capital. Therefore, the company currently owns 285.884 million shares in GFH, held in Bahrain Bourse and the Dubai Financial …
Cairo – Mubasher: The board of directors of Madinet Nasr Housing and Development (MNHD) approved a request from an investor to conduct due diligence process on its subsidiary El Nasr for Utilities and Installation Company. This came after an …
UAE – Mubasher: Dubai-based Rasmala Investment Bank has acquired one of the world’s largest performance coatings research and development facilities in the US for $61 million through its North American real estate income fund. Located in the …
Cairo – Mubasher: The board of directors of Pioneers Holding Company for Financial Investment decided to proceed with raising its shareholding in five of its subsidiaries to 90% through stock swap transactions. The board approved the following …
Mubasher: Dar Al Thuraya Real Estate Company on Thursday announced that Al Madar Finance and Investment Company has expressed interest to buy an additional stake of 3.17% in its capital. The proposed stake amounts to 4.55 million shares, …
Cairo – Mubasher: The board of directors of Maridive and Oil Services approved a proposal to increase the share capital of its unit Valentine Maritime by $37 million. Maridive’s board agreed to acquire the remaining minority interest in Valentine, …
Mubasher: Kamco Invest has sold 29% of its stake in a number of special-purpose companies (SPCs) for a value of $29 million (KWD 8.86 million). The said companies are fully owned subsidiaries of Kamco, based out of Kuwait. The transaction will …
By: Islam Fadl Cairo – Mubasher: Negotiations held by Bank Audi Egypt to acquire the National Bank of Greece (NBG) – Egypt have been halted, the Central Bank of Egypt’s (CBE) sub governor Gamal Negm said. No more offers have been submitted to …
Mubasher: Investments by Gulf Investment House (GIH) will increase by KWD 528,545 following the acquisition deal concluded by its unit, Afkar Holding, of Al Watania Paper Products Company (Waper), a subsidiary of National Consumer Holding …
Riyadh – Mubasher: Saudi Basic Industries Corporation (SABIC) has purchased additional shares in Clariant AG, raising its stake to 31.5%. The move is part of SABIC's growth strategy to achieve a leadership position among global peers, according to …
Cairo – Mubasher: The board of directors of Pioneers Holding Company for Financial Investment approved the fair value (FV) studies conducted by the financial advisor FACT for five of its subsidiaries listed on the Egyptian Exchange (EGX). Pioneers …
Riyadh – Mubasher: Walaa Cooperative Insurance Company has completed its merger with MetLife AIG ANB Cooperative Insurance Company. The listing of the new shares, as defined in the shareholder circular and offer document, and the deposit of the …
