Mergers and Acquisitions

KAMCO intends to buy around 396.43 million shares from Global
04:30 PM KAMCO to acquire 70% of Global Investment House
Mubasher: KAMCO Investment (KAMCO) on Tuesday announced receiving the approval of the Capital Markets Authority (CMA) to acquire the majority of Global Investment House (Global). KAMCO intends to buy around 396.43 million shares from Global, which …
The deal’s value may reach $2.27bn after a 28% plunge in the Turkish Lira
13 August 11:29 AM Emirates NBD may save $1bn in Turkish deal on Lira plunge
Dubai – Mubasher: Emirates NBD may save as much as $1 billion in its deal to acquire Turkey’s Denizbank due to the decline in the European country’s currency. The deal’s value, which has stood at $3.2 billion on 22 May, may reach $2.27 billion …
The Dubai-listed bank declined to comment
12 August 05:48 PM Emirates NBD keeps close eyes on Turkish situation
Dubai – Mubasher: Emirates NBD has stated that it is “closely monitoring” the economic situation in Turkey. According to Reuters, the Dubai-listed bank declined to comment on reports about the renegotiation of a $3.2 billion deal to acquire …
QIA has become the largest investor in Credit Suisse after the acquisition
12 August 01:27 PM QIA raises stake in Credit Suisse to 5.2%
Mubasher: Qatar Investment Authority (QIA), Qatar’s sovereign wealth fund, announced that it has increased its stake in Swiss bank Credit Suisse to 5.2%. After the acquisition, QIA has become the largest investor in Switzerland-based Credit …
Photo Archive
9 August 09:17 PM dnata acquires Germany’s Tropo
Dubai - Mubasher: dnata announced on Thursday that it has acquired Tropo, a Germany-based tour operator that will be its entry to the German market and extends its global network of travel businesses. The purchase agreement also includes TV media …
The EGM authorised the board of directors to obtain a QAR 100 million loan
9 August 12:35 PM Investment Holding nods to acquire 40% stake in Engineer Systems
Mubasher: Investment Holding Group’s (IHG) extraordinary general meeting (EGM) approved acquiring the remaining 39.6% stake in Engineering Systems. The EGM also authorised the board of directors to obtain a QAR 100 million loan to pay the value of …
This transaction will contribute to diversifying Aramco’s investments
8 August 01:42 PM Aramco to buy Lanxess’ Arlanxeo stake at EUR 1.5bn
Riyadh – Mubasher: State-run Saudi Aramco has announced that it will acquire Lanxess’s stake in Arlanxeo, one of the world's largest companies which produces Synthetic rubber, at a value of EUR 1.5 billion during the coming period. After …
Bin Talal injected the $250 million investment on 25 May
8 August 10:29 AM Alwaleed bin Talal buys 2.3% stake in Snapchat at $250m
Riyadh – Mubasher: Saudi Arabian billionaire Prince Alwaleed bin Talal has purchased a 2.3% stake of Snapchat in consideration of SAR 950 million ($250 million). On Tuesday, bin Talal stated that he injected the $250 million investment on 25 May, …
The university has nearly 3,000 students from over 100 nationalities
8 August 09:24 AM Amanat acquires university in Dubai for AED 369m
Dubai – Mubasher: Amanat Holdings on Wednesday revealed it has acquired a 100% stake in Middlesex University Dubai for AED 369 million with an additional potential earn-out of up to AED 73 million., Middlesex University Dubai was established in …
“We are excited to join the DP World Group"
7 August 01:18 PM DP World closes AED 3bn acquisition deal
Dubai - Mubasher: DP World has announced the full acquisition of Denmark's Unifeeder Group in consideration of EUR 660 million (AED 2.81 billion) from Capital Fund VIII and a group of minority shareholders. The deal – currently subject to …
The company has acquired 4,871 shares
6 August 07:03 PM Minapharm Pharmaceuticals closes EGP 96m acquisition deal
Cairo – Mubasher: Minapharm Pharmaceuticals has announced the closure of an EGP 95.52 million deal to buy a 15.76% stake in its subsidiary, Minapharm Probiogen from Triquetra B.V. The Egypt-listed company has acquired 4,871 of Minapharm …
L'azurde acquires 100% of Izdiad Commercial
6 August 12:36 PM L'azurde acquires 100% of Izdiad Commercial
Riyadh – Mubasher: L'azurde Company for Jewellery on Monday announced signing a share purchase agreement (SPA) to wholly acquire Izdiad Commercial Company for SAR 213 million ($56.79 million). The deal’s value was based on a fair value of SAR 188 …
Sokotra Capital is leading a consortium to acquire a Tunisian fish farm
5 August 04:49 PM Sokotra Capital bids for Tunisian’s fish farm
Dubai – Mubasher: Sokotra Capital is reportedly leading a consortium of investors to acquire L’Aquaculture Tunisienne fish farm. Following the acquisition, the Dubai-based company is planning to expand L’Aquaculture Tunisienne’s presence in North …
Investment Holding to fully acquire CESCO
5 August 04:11 PM Investment Holding to fully acquire CESCO
Mubasher: Investment Holding Group (IHG) on Sunday announced plans to purchase the remaining shares in Consolidated Engineering Systems WLL (CESCO) on a cash basis, according to a filing to the Qatar Stock Exchange (QSE). IHG previously acquired a …
The two companies provide their services through seven branches across Bahrain
5 August 03:32 PM Bahrain Kuwait Insurance mulls merger with Takaful International
Mubasher: Bahrain Kuwait Insurance is currently considering merging its branches and some supportive services with Takaful International, the chairman of Bahrain Kuwait Insurance Murad Ali Mohamed Murad said, according to Al Ayam Newspaper. …
ENBD REIT mulls new acquisitions in Dubai, Abu Dhabi
5 August 09:55 AM ENBD REIT mulls new acquisitions in Dubai, Abu Dhabi
Dubai – Mubasher: ENBD REIT is currently considering several potential acquisitions in Dubai, Abu Dhabi, and northern region of the UAE within the framework of an asset diversification plan, head of real estate Anthony Taylor said. Net asset value …
Photo Archive
2 August 08:25 PM Alwaleed acquires SAR 1bn stake in Deezer
Riyadh - Mubasher: Kingdom Holding announced on Thursday that it has completed a SAR 1 billion ($267 million) deal to purchase buy newly issued shares in the Deezer. Shares in Deezer will be bought through Kingdom Holding and Rotana Group, both …
The stake has been sold to the Star Satellite Communications Co
2 August 10:10 AM Etisalat sells 28.04% stake in Thuraya
Abu Dhabi – Mubasher: Emirates Telecommunications Group (Etisalat) has completed the direct sale of its 28.042% stake in Thuraya Telecommunications Company. The stake has been sold to the Star Satellite Communications Company, a subsidiary of Al …
All legal procedures are being carried out for the merger process
29 July 03:36 PM CMA nods to merger between Al Imtiaz’s units
Mubasher: Al Imtiaz Investment Group announced that the Capital Markets Authority (CMA) approved a merger between two subsidiaries of the company. The company clarified that the two subsidiaries are owned to Al Imtiaz by stakes of 68.05% and …
The deal amount does not represent more than 10% of the bank's total assets
29 July 11:08 AM QFB exits 40% stake in Turkish unit
Mubasher: Qatar First Bank (QFB) on Sunday announced that one of its subsidiaries has signed a conditional sale agreement with EHM Magazacilik San (English Home), wholly owned by the Aydin Family. According to the agreement, QFB sold its full …
The deal amount does not represent more than 10% of the bank's total assets
29 July 10:17 AM QFB sells 20% stake in Memorial Co
Mubasher: Qatar First Bank (QFB) on Sunday announced that it had signed a conditional sale agreement with Turkey’s Memorial Health Group. Under the contract, QFB sold its entire 20% stake in Memorial Company to majority shareholder Turgut Aydin …
Photo Archive
28 July 11:53 PM GFH, Al Futtaim complete The Entertainer’s acquisition
Dubai - Mubasher: GFH Financial Group has partnered with Al Futtaim Group and Al Zarooni to acquire stakes in The Entertainer GFH Capital, owned by GFH Financial Group, has signed an investment agreement with Al Futtaim Group and Al Zarooni …
Photo Archive
27 July 10:41 PM Aramco mulls issuing int’l bonds for SABIC deal
Riyadh - Mubasher: Saudi Aramco considers entering the international bond market for the first time ever in order to finance the acquisition of Saudi Basic Industries Corporation (SABIC). Bonds could provide an alternative to the awaited initial …
“Agility had bid $180 million"
26 July 01:16 PM Kuwait's Agility joins bidding race for Abraaj businesses
Dubai – Mubasher: Agility Public Warehousing has reportedly bid for a stake in the investment management business of Abraaj Capital. According to a letter seen by Reuters, Agility has expressed its interest in May for the acquisition of “all or …
Photo Archive
25 July 05:30 PM Clariant to delay update on SABIC ties
Riyadh - Mubasher: Clariant is set to delay issuing an update on its ties with Saudi Basic Industries (SABIC), as antitrust approvals for the Saudi company’s 25% stake in the Swiss chemical manufacturer may take longer than expected. SABIC does …