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Mergers and Acquisitions

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17 July 03:29 PM Saudi Arabian Al Haytham Mining reportedly mulls acquiring stake in Egypt’s Afaq
Riyadh - Mubasher: Saudi Arabia’s Al Haytham Mining Company is considering acquiring a stake in Egypt’s Afaq Mining, Asharq News reported, citing CEO Khaled Al Jahdali. The Saudi company’s board plans to offer a share of the company’s stocks on …
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16 July 06:10 PM Aramco invests in Air Products Qudra’s subsidiary through 50% equity acquisition
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) will acquire a 50% stake in Jubail-based Blue Hydrogen Industrial Gases Company (BHIG) upon definitive agreements with the parent company Air Products Qudra (APQ), according to a press release. …
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16 July 03:03 PM IHC’s Sirius International, Adani Group acquire Coredge.io
Abu Dhabi – Mubasher: Sirius Digitech, a joint venture (JV) between the Adani Group and Sirius International Holding, a subsidiary of International Holding Company (IHC), has signed binding agreements for the acquisition of Coredge.io, a …
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16 July 02:35 PM Lana Medical buys 50% of 2 Belarusian companies, obtains bank facilities
Riyadh – Mubasher: Lana Medical Company has acquired 50% of Solar Laser Systems Company and Solar Maccom Company in Belarus for SAR 6 million. The deal aims to transfer industry and technologies to Saudi Arabia in line with Vision 2030, according …
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16 July 02:12 PM JV of ADNOC Drilling, Alpha Dhabi Holding buys 51% stake in NTS AMEGA
Abu Dhabi – Mubasher: Enersol, a joint-venture (JV) between ADNOC Drilling Company and Alpha Dhabi Holding, has acquired a 51% equity stake in NTS AMEGA for $58 million. The NTS acquisition aligns with Enersol’s strategy to become a …
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11 July 10:25 AM DUBAL Holding buys stake in BiOD Technology
UAE – Mubasher: DUBAL Holding has acquired an equity stake in BiOD Technology FZCO, marking a strategic push into green investments. The deal underscores DUBAL Holding's commitment to sustainable wealth funds and Dubai's vision of a greener …
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10 July 04:48 PM RAK White Cement ratifies 25% acquisition offer from India’s UltraTech Cement; details unveiled
Abu Dhabi – Mubasher: The general assembly meeting of Ras Al Khaimah Company for White Cement and Construction Materials (RAK White Cement) approved, on 9 July 2024, the conditional cash offer from Indian manufacturer UltraTech Cement Middle East …
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10 July 02:04 PM IHC’s unit completes nearly 20% equity acquisition in Elsewedy Electric; value unveiled
Cairo – Mubasher: The Egyptian Exchange (EGX) has completed the transfer of the ownership of around 427.71 million shares in Elsewedy Electric Company to Two Point Zero Group, a subsidiary of International Holding Company (IHC), for EGP 21.20 …
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10 July 01:11 PM Saudi Re completes procedures to exit UK’s Probitas; Aviva seals GBP 249m acquisition
Riyadh – Mubasher: Saudi Reinsurance Company (Saudi Re) has announced the completion of all procedures to conclude selling its entire 49.90% equity in the UK-based Probitas Holdings (Bermuda) Limited (PHBL) and its subsidiaries. Saudi Re exited …
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7 July 02:28 PM PIF pens SAR 427m deal to raise stake in Saudi Re to over 23%
Riyadh – Mubasher: Saudi Reinsurance Company (Saudi Re) has signed a binding subscription agreement with the Public Investment Fund (PIF) to increase its capital from SAR 891 million to SAR 1.15 billion. Saudi Re is set to increase its capital …
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7 July 12:15 PM EGX extends period for Elsewedy Electric’s acquisition offer
Cairo – Mubasher: The Egyptian Exchange (EGX) announced extending the validity period for the acquisition offer the non-binding offer (NBO) for the acquisition of Elsewedy Electric Company by the UAE’s Electra Investment Holding to 8 July 2024. In …
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4 July 10:35 AM India’s CoinDCX acquires Dubai-based BitOasis to expand in MENA
Mubasher: CoinDCX, the largest crypto exchange in India, has acquired Dubai-based virtual assets trading platform BitOasis, for an undisclosed value, according to a press release. CoinDCX previously invested in BitOasis during August 2023 and the …
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2 July 04:43 PM Act Financial seeks stakes in real estate, logistics companies – Managing Partner
By: Abdel Razek El-Showeikhy Cairo – Mubasher: Act Financial is planning to acquire stakes in real estate, healthcare, and logistics companies, Managing Partner Mostafa Abdelaziz told Mubasher in an interview. The company is finalising procedures …
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1 July 05:24 PM Fawry sees EGP 1bn block-trading
Cairo – Mubasher: Fawry for Banking Technology and Electronic Payments has witnessed a block-trading transaction of EGP 1.02 billion on Monday, 1 July 2024. The deal was executed on 170.24 million shares, according to an announcement. In the first …
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30 June 09:35 AM Aramco eyes 10% equity ownership in HORSE Powertrain
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) inked definitive agreements to acquire a 10% stake in HORSE Powertrain Limited, the new global powertrain solutions company. Aramco’s subsidiary pended the deals alongside Renault Group, …
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26 June 05:11 PM Saudi Tadawul Group completes strategic stake acquisition in DME; rebranding unveiled for regional presence
Riyadh – Mubasher: Saudi Tadawul Group Holding Company has sealed the acquisition of 32.60% strategic equity in DME Holdings Limited, a leading international commodities exchange, according to a press release on 26 June 2024. Following the equity …
Fawaz Danish, President and CEO of Budget Saudi
26 June 01:42 PM Budget Saudi acquires Autoworld to boost B2B portfolio
Riyadh – Mubasher: United International Transportation Company (Budget Saudi) has acquired Al Jazira Equipment Company (AutoWorld), a SEDCO Holding-owned vehicle leasing company. The transaction anchors Budget Saudi’s strategic objectives to …
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26 June 01:05 PM e& Enterprise acquires Turkish cloud provider GlassHouse
Abu Dhabi – Mubasher: e& enterprise, the digital transformation unit of e&, has acquired Turkey-based GlassHouse Technologies in a deal that underscores its ambitions to expand globally. The acquisition establishes Turkey as a new key market for …
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24 June 03:24 PM NMC to acquire Al Salam Health Medical Hospital
Riyadh – Mubasher: National Medical Care Company (NMC) penned a SAR 44 million deal with Saudi Medical Care Group to acquire the entire share capital of Al Salam Health Medical Hospital. The two entities inked the purchase agreement on 23 June …
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23 June 11:06 AM Mubadala Capital acquires Brazil SailGP team
UAE – Mubasher: Mubadala Capital and global sailing championship SailGP have announced a strategic investment deal to acquire a newly formed SailGP team representing Brazil. It will be the first South American team in SailGP and kick off in …
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23 June 10:14 AM Southern Province Cement, Yanbu Cement study merger
Riyadh – Mubasher: Southern Province Cement Company has signed a non-binding memorandum of understanding (MoU) with Yanbu Cement Company to evaluate the feasibility of merging the two companies. The two companies will commence the process of due …
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23 June 09:54 AM DP World bolsters container handling capacity via $400m deal
UAE – Mubasher: DP World has completed a $400 million expansion project at the Port of Callao in Peru, according to a recent press release. The deal will enlarge the container handling capacity at the South Terminal by 80%, anchoring Callao’s …
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20 June 03:09 PM Masdar to acquire majority stake in Greek energy firm with EUR 3.2bn enterprise value
UAE – Mubasher: Abu Dhabi Future Energy Company (Masdar) has reached a definitive agreement to acquire a controlling stake in Greece-based Terna Energy in the largest-ever energy transaction on the Athens Stock Exchange and one of the largest in …
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13 June 12:51 PM FRA greenlights Emaar Misr’s capital raise to acquire 2 development firms
Cairo – Mubasher: The Financial Supervisory Authority (FRA) of Emaar Misr for Development approved the company’s request to raise its issued capital by EGP 3.19 billion. The EGX-listed firm will acquire Albro North Coast for Developments and …
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12 June 12:57 PM Multiply Group’s Omorfia acquires TGCH to expand in MENA
Abu Dhabi – Mubasher: Omorfia Group, a beauty anchor majority owned by Multiply Group, has fully acquired the Grooming Company Holding (TGCH), a provider of salon and beauty services in the UAE. Omorfia closed the deal with CedarBridge Capital …