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Mergers and Acquisitions

Alhokair signed the acquisition agreement in August 2019
2 hours ago Saudi GAC approves Alhokair’s SAR 340m acquisition of Innovative Union Company
Riyadh – Mubasher: Fawaz Abdulaziz Alhokair Company (Alhokair) received the General Authority for Competition’s (GAC) approval for its acquisition of the Innovative Union Company, owned by Food and Entertainment Company.  The deal will have no …
Aman Holding for Financial Services has a paid-up capital of EGP 375 million
12:30 PM Raya Holding gets 12 offers for stake sale in Aman Holding
Cairo – Mubasher: Raya Holding for Financial Investment announced that it received twelve offers from local and international investors with high solvency ratios seeking to inject investments into Aman Holding for Financial Services. Raya Holding …
DIB’s issued share capital rose to 7.2 billion shares
10:28 AM DIB completes takeover of Noor Bank
Dubai – Mubasher: Dubai Islamic Bank (DIB) has completed the acquisition of Noor Bank through a share swap agreement. Under the agreement, the DIB has issued 651.2 million new shares, which have been listed and admitted to trading on the Dubai …
Discussions are at an early stage
22 January 11:33 PM FAB in talks to acquire Bank Audi’s unit in Egypt
Abu Dhabi – Mubasher: First Abu Dhabi Bank (FAB), listed on the Abu Dhabi Bank (ADX), is in talks to acquire Bank Audi’s unit in Egypt, Reuters reported on Wednesday. Discussions are at an early stage, a source familiar with the matter told the …
Chairman of Kuwait Finance House (KFH), Hamad Abdulmohsen Al Marzouk
20 January 03:59 PM KFH, AUB merger to generate higher profits; BHB listing approved
Mubasher: The chairman of Kuwait Finance House (KFH), Hamad Abdulmohsen Al Marzouk stressed that the bank focuses on merger and acquisition opportunities, CNBC Arabia reported on Monday. He noted that KFH’s merger with Bahrain’s Ahli United Bank …
The new agreement is valid for around eight months
20 January 11:51 AM Solidarity, Aljazira Takaful ink new merger MoU
Riyadh – Mubasher: Solidarity Saudi Takaful Company and Aljazira Takaful Taawuni Company have signed an amended non-binding memorandum of understanding (MoU) to evaluate a potential merger between the two firms. Accordingly, the two companies will …
BisB will continue to be listed on Bahrain Bourse
18 January 09:48 PM NBB acquires 78.8% stake in Bahrain Islamic Bank
Mubasher: The National Bank of Bahrain (NBB) on Saturday announced that its offer to acquire up to 100% of the paid-up ordinary shares of the Bahrain Islamic Bank (BisB) resulted in the control of a 78.8% stake in the Islamic bank, according to …
Speed Medical will manage El Dakhakhny Laboratories
16 January 06:13 PM Speed Medical signs MoU with El Dakhakhny Laboratories
Cairo – Mubasher: Speed Medical Company has signed a memorandum of understanding (MoU) with El Dakhakhny Laboratories. Under the MoU, Speed Medical’s name will be added to El Dakhakhny Laboratories, according to a bourse statement released on …
The deal is a part of Al Ramz Corporation's strategy
16 January 10:04 AM Al Ramz Corporation acquires Shuaa Capital's market‐making business
Dubai – Mubasher: The Emirati domiciled financial institution Al Ramz Corporation Investment and Development has acquired the market-making business of Shuaa Capital, the region’s leading asset management and investment banking platform.  Under …
Endeavour sought to control Centamin’s assets that include the Sukari mine in Egypt
15 January 11:44 AM Endeavour ends merger talks with Centmain
Cairo – Mubasher: Canada’s Endeavour Mining Corporation announced the termination of merger discussions with Centmain. “The quality of information received during the accelerated due diligence process has been insufficient to allow us to be …
Bank Audi is proceeding with an equity increase
14 January 05:00 PM Bank Audi considers sale of Egypt’s unit
Cairo – Mubasher: Lebanon’s Bank Audi is reportedly considering selling its unit in Egypt, as lenders showed interest in the unit, the bank’s chief financial officer Tamer Ghazaleh told Reuters. Bank Audi is proceeding with an equity increase …
Pioneers’ board approved FV studies conducted by Fincorp
14 January 04:47 PM Pioneers Holding denies impact of Fincorp suspension on acquisition deal
Cairo – Mubasher: Pioneers Holding Company for Financial Investment has announced that its offer to acquire 90% of five subsidiaries will not be affected by the suspension of the financial advisor Fincorp by the Financial Regulatory Authority …
Pioneers Holding seeks to raise its stake in five subsidiaries to 90%
14 January 12:22 PM Pioneers Holding files draft MTO for 5 subsidiaries
Cairo – Mubasher: Pioneers Holding Company for Financial Investment has submitted a draft mandatory tender offering (MTO) to the Egyptian Financial Regulatory Authority (FRA) to acquire 90% of five subsidiaries through stock swap transactions. The …
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14 January 10:57 AM Esterad sells $6m stake in United Cement
Mubasher: Esterad Investment Company, listed on the Bahrain Bourse, has sold its stake in United Cement Industrial Company to Saudi Cement Company for BHD 2.3 million ($6.05 million). Esterad says it has achieved a return on investment of more …
Pioneers aims to increase its stakes in these companies to 90%
13 January 03:41 PM Pioneers Holding's board approves FV studies of 5 subsidiaries
Cairo – Mubasher: The board of directors of Pioneers Holding Company for Financial Investment approved the fair value (FV) studies conducted by the financial advisor Fincorp for five of its subsidiaries listed on the Egyptian Exchange (EGX). …
NBK Capital Partners' investments in healthcare now exceed $170 million
13 January 12:46 PM NBK Capital Partners completes 1st investment in Morocco via Polymedic’s acquisition
UAE – Mubasher: NBK Capital Partners, an alternative investments firm that provides flexible growth capital to mid-sized companies in the Middle East, North Africa, and Turkey (MENAT) region, has closed on its acquisition of Polymedic, a Moroccan …
Waste Harmonics' offerings aim to improve service levels and lower costs
13 January 11:52 AM Arcapita takes over US waste solutions provider Waste Harmonics
Mubasher: The global investment giant, Arcapita, on Monday announced the acquisition of a controlling interest in Waste Harmonics, a major American technology-enabled waste services company that offers a comprehensive range of waste management …
The potential deal will reinforce Amanat’s position as a key healthcare investment company
12 January 11:12 AM Amanat mulls acquiring stake in VPS Healthcare
Dubai – Mubasher: The Gulf’s largest healthcare and education investment company, Amanat Holdings, is currently considering a potential acquisition of a strategic stake in the Middle East operations of VPS Healthcare. The possible transaction is …
1 March is set for the ownership of Al Aman’s shares
9 January 01:15 PM Securities House’s shareholders approve merger with Al Aman
Mubasher: The extraordinary general meeting of The Securities House approved the contract proposal for the signed merger with Al Aman Investment. Securities House, which owns 50% of Al Aman’s KWD 15 million, will be the merging company, while Al …
Photo Archive
9 January 10:46 AM Clay Pipes plans to acquire 75% of Advanced Piping
Riyadh – Mubasher: Saudi Vitrified Clay Pipes Company (SVCP) announced that it has signed a non-binding memorandum of understanding (MoU) with the owners of Advanced Piping Solutions to acquire a 75% stake in the company. The agreement, which is …
Boubyan Bank offered to acquire BLME for $158m
8 January 12:37 PM Boubyan Bank receives regulatory approval to acquire BLME Holdings
Mubasher: Boubyan Bank has obtained the approval of the UK's Prudential Regulation Authority (PRA) to acquire Bank of London and The Middle East Holdings (BLME Holdings). The offer remains subject to the terms and conditions set in the takeover …
Kamco Invest Tower
6 January 05:22 PM Kamco, Global complete merger; launch 'Kamco Invest'
Mubasher: Kamco Investment Company today launched its new identity “Kamco Invest” after completing the legal, operational, and integration merger with Global Investment House (Global). The merger is part of the company’s strategy, which was …
The transaction may have a one-time negative impact on the net income
5 January 10:15 AM Burgan Bank exits entire stake in Bank of Baghdad
Mubasher: Burgan Bank has sold its full stake in Bank of Baghdad, representing 51.8%, to its sister company, United Gulf Holding company. The deal reinforces Burgan Bank’s strategy to improve returns on risks for the bank’s shareholders, according …
Careem became a wholly-owned subsidiary of Uber
3 January 03:46 PM Uber officially completes acquisition of Careem for $3.1bn
Mubasher: American multinational ride-hailing company Uber Technologies has announced the completion of its acquisition of Dubai-based transportation network company Careem for $3.1 billion. Following the closure of the deal, Careem became a …
Jazadco first signed the deal agreement in December 2018
2 January 04:54 PM Jazadco cancels plans to acquire Bakri Energy
Riyadh – Mubasher: Jazan Energy and Development Company (Jazadco) announced that its board of directors has decided not to extend the memorandum of understanding (MoU) to fully acquire Bakri International Energy Company. The company no longer …