Mergers and Acquisitions

The transactions’ value was not revealed.
16 February 07:29 PM Warba Bank acquires majority stake in KMEFIC
Mubasher: Warba Bank has signed an agreement with Ahli United Bank (AUB) to buy 75.72% stake in Kuwait and Middle East Financial Investment Company (KMEFIC). The deal will be closed following the receiving of all regulatory approvals, Kuwait News …
The Kuwaiti M&As market is expected to grow
16 February 07:01 PM Kuwait comes 2nd in GCC’s M&As in 5 yrs – Report
Mubasher: Kuwait ranked second among the GCC economies in terms of the number of mergers and acquisitions (M&As) concluded from 2014 to 2018, according to a report released by Kuwait Financial Centre (Markaz). The number of M&As concluded in …
ADIB’s profits rose 8.7% to AED 2.5 billion in 2018
14 February 05:21 PM ADIB weighs merger, acquisition options
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) is considering a merger with a larger body or an acquisition of a smaller institution, people familiar with the matter said. The UAE’s second largest Islamic bank is in discussions with financial …
The JV focuses on two mega-projects
14 February 01:56 PM Aldar-Emaar’s $8bn JV structure set for close finish - CEO
Abu Dhabi — Mubasher: Aldar Properties is in the “final stages” of completing the structure of its joint venture (JV) with Emaar Properties, the CEO of Abu Dhabi-based developer said. “We’ve advanced those discussions significantly with Emaar and …
KFH and AUB Bahrain signed an agreement to merge their operations in 2018
13 February 04:56 PM Kuwait C.bank gives initial nod to KFH, AUB Bahrain merger
Mubasher: Kuwait Finance House (KFH) announced that the Central Bank of Kuwait (CBK) has granted its initial approval for the merger with Ahli United Bank – Bahrain (AUB Bahrain), according to a bourse disclosure on Wednesday. In January, KFH said …
The proceeds of the transaction will be used to finance commercial properties
13 February 11:12 AM Emaar Properties completes sale of AED 2.2bn hotel assets to ADNH
Dubai – Mubasher: Emaar Properties on Wednesday announced that it has fulfilled all the requirements and conditions regarding the sales of hotel assets announced previously. Accordingly, the AED 2.2 billion ($598.4 million) sale of five hotel …
Terra will acquire 72% of Harbour Row Residence in Bahrain for $40 million
13 February 10:37 AM GFH inks $100m real estate deal with Terra
Dubai – Mubasher: GFH Group on Wednesday announced that it has signed a  $100 million agreement with a special purpose vehicle (SPV), owned by Terra Real Estate Investments LLC (Terra), with instrumental support from Abu Dhabi Financial Group …
ENOC intends to acquire shares in the jet fuel hydrant system at Terminal 2 of Cairo International Airport
12 February 02:47 PM ENOC to expand aviation operation at Cairo International Airport
Dubai – Mubasher: Emirates National Oil Company (ENOC) Group is seeking to expand its aviation operations in Egypt. Dubai’s state-run company intends to acquire shares in the jet fuel hydrant system at Terminal 2 of Cairo International Airport, …
Saudi Arabia is the region’s largest market to invest in.
12 February 02:11 PM GFH exits $100m investments - CEO
Dubai – Mubasher: GFH Group will exit $100 million investments that will be announced later, the firm’s CEO said. The group, listed on Bahrain Bourse (BHB), Boursa Kuwait, and the Dubai Financial Market (DFM), will exit another transaction worth …
The properties span the submarkets of five rapidly growing metro areas across the Southeast and Southwest states
12 February 11:15 AM Investcorp acquires 8 US properties for $330m
Mubasher: Investcorp, a leading provider and manager of alternative investment products, on Tuesday announced that its US-based Real Estate Investment team has acquired eight new multifamily properties with 2,510 units. The transaction’s total …
TravelCar offers parking and car rental solutions
11 February 04:25 PM Groupe PSA acquires Tunisia-founded TravelCar
Mubasher: TravelCar, founded in Tunisia, has been acquired by the automobile manufacturer based in France Groupe PSA, known legally as Peugeot, according to Wamda. Currently headquartered in Europe the mobility solutions platform TravelCar …
The consortium is considering a purchasing offer in Electro Cable Co - Egypt at EGP 1.35 per share
11 February 04:04 PM United Housing’s arm joins consortium to acquire stake in Electro Cable Egypt
Cairo – Mubasher: Flourish for Investment, a subsidiary of United Company for Housing and Development, has joined a consortium comprised of Summu for Consultation to submit a purchasing offer. The consortium is considering a purchasing offer …
M3roud.com’s competitors include, Souq.com, Namshi, and awok.com
11 February 03:45 PM AMC Group acquires majority stake in Sudan’s M3roud.com
Mubasher: AMC Group has announced the acquisition of the majority share of M3roud.com, a Sudanese e-commerce marketplace for fashion, clothes, accessories, jewellery, handicrafts, electronics, arts, and books, according to Magnitt. “Since we …
Castrol is currently investing around EGP 100 million ($5.69 million) per year in Egypt
10 February 05:16 PM Castrol eyes 2-7% stake in Egypt’s lubricant market in 2 yrs - VP
Cairo – Mubasher: The Egyptian unit of Castrol, the UK BP’s global lubricant brand, is looking to acquire a stake ranging between 2% and 7% of Egypt’s engine oil and lubricant market during the coming two years, the firm’s vice president for the …
Veon offered to purchase around 1.99 billion shares in GTH
10 February 03:38 PM GTH resumes trading on EGX; mulls Veon’s tender offer
Cairo – Mubasher: The Egyptian Financial Regulatory Authority on Sunday said that Netherlands-based Veon Holdings B.V has submitted a mandatory tender offer to purchase a 42.31% stake in Global Telecom Holding (GTH). The Dutch company offered to …
Abu Dhabi's state investor transferred the amount of the deal to the US government on 10 December 2018
7 February 11:10 AM UAE's Mubadala Investment acquires $140m stake in US hotel
Abu Dhabi — Mubasher: Abu Dhabi's Mubadala Investment Company has acquired a stake in New York’s Park Lane Hotel for around $140 million. The deal is part of the US Justice Department’s efforts to recover billions of dollars that flowed through …
Globalpharma is now a wholly owned subsidiary of Dubai Investments
7 February 09:31 AM Dubai Investments acquires further 66% stake in pharmaceutical firm
Dubai – Mubasher: Dubai Investments, listed on the Dubai Financial Market (DFM), on Thursday announced it has purchased an additional stake of 66% in Globalpharma. Accordingly, Globalpharma is now a wholly owned subsidiary of Dubai Investments, …
The financial details of the deals have not been disclosed
6 February 03:48 PM UAE’s dnata raises stakes in 3 JVs
Dubai – Mubasher: The UAE’s leading air services provider dnata announced raising its ownership in three of its joint venture (JV) firms in the emirate of Dubai. The airline services arm of Emirates purchased an additional 50% stake in each of …
Zomato plans to raise funds worth $500m to $1 billion to support its capital
6 February 01:45 PM India’s Zomato in talks to sell UAE business for $250m
Mubasher: India’s food delivery and restaurant search platform Zomato is negotiating the sale of its UAE business to Germany’s Delivery Hero. The Indian-based food technology major plans to sell its UAE-based business, which accounts for nearly …
Mubadala has over $220 billion in assets under management
5 February 02:39 PM Mubadala exits $800m stake in US AMD
Abu Dhabi – Mubasher: Mubadala Investment company on Tuesday announced that it has sold its 34.9 million shares in US chipmaker Advanced Micro Devices (AMD). The strategic investment arm of Abu Dhabi sold its stake for $800 million, with plans to …
This merger will create KWD 44 million investment arm
5 February 01:29 PM Al Imtiaz to complete Albilad-Dimah merger in Q1 – CEO
Mubasher: Al Imtiaz Investment Group will finalise all official procedures required for the merger between Albilad Real Estate Co and Dimah Capital Investment Company, the CEO of Al Imtiaz said. The procedures are expected to be completed during …
Veon aims to buy 1.99 billion shares in GTH at EGP 5.3 per share
5 February 12:29 PM Dutch Veon eyes buying 42.31% stake in GTH
Cairo – Mubasher: Netherlands-based Veon Holdings B.V is looking to present a mandatory tender offer to purchase a 42.31% stake in Global Telecom Holding (GTH). The Dutch company is planning to purchase up to 1.99 billion shares in GTH at EGP 5.3 …
The transaction will enhance Almarai’s ability to largely expand
4 February 05:05 PM Almarai acquires Premier Foods at SAR 108m
Riyadh – Mubasher: Saudi Arabia’s Almarai Co on Monday announced signing an agreement with Alamar Foods to acquire a 100% stake of in Premier Foods at a value of SAR 108 million. The transaction will enhance Almarai’s ability to largely expand, …
Milaha has signed a purchase and sale agreement to acquire the Qatar Investment Authority’s entire stake in Nakilat
4 February 12:01 PM Qatar’s Milaha raises stake in Nakilat to 36.3%
Mubasher: Qatar Shipping Company, a subsidiary of Qatar Navigation (Milaha), has signed a purchase and sale agreement to acquire the Qatar Investment Authority’s (QIA) entire stake of 5.9% in Qatar Gas Transport Company (Nakilat). The deal is …
UAE topped the region with M&A transactions valued at $10.4 billion
4 February 11:36 AM MENA M&A value hikes 69% in 2018; UAE tops peers with $10.4bn deals – Report
Mubasher: The value of merger and acquisition (M&A) deals in the Middle East and North Africa (MENA) region witnessed a 68.7% increase to $26.76 billion in 2018, against $15.86 billion in 2017, according to a report released by Mergermarket. The …