Tawasul
Mubasher TV
Contact Us Advertising   العربية

Mergers and Acquisitions

The Aldar-led alliance offered to acquire at least 51% of SODIC
15 April 12:03 PM SODIC hires financial advisors to study acquisition offer by Aldar Properties
Cairo – Mubasher: The board of directors of Six of October Development and Investment (SODIC) approved the appointment of EFG Hermes and an international investment bank as financial advisors to study the preliminary acquisition offer submitted by …
The bank will announce the potential bidders' final list
15 April 09:36 AM ADCB receives offers for 51% stake in Alexandria Medical Services
Abu Dhabi – Mubasher: Abu Dhabi Commercial Bank (ADCB) has received preliminary non-binding offers from potential investors to acquire the bank's 51.54% stake in Alexandria Medical Services - Alexandria New Medical Center in Egypt. The bank and …
EFG Hermes will own 51% of the bank
14 April 01:31 PM aiBANK's FV estimated at EGP 1.1bn ahead of acquisition deal
Cairo – Mubasher: The board of directors of the Egyptian Financial Group Hermes Holding (EFG Hermes) approved an acquisition deal in partnership with the Sovereign Fund of Egypt to purchase 76% of the Arab Investment Bank (aiBANK). The acquisition …
The new acquisitions includes a new-build VLCC
13 April 01:34 PM ADNOC L&S acquires two new VLCCs to boost crude oil production capacity
UAE - Mubasher: ADNOC Logistics & Services (ADNOC L&S), the shipping and maritime logistics arm of Abu Dhabi National Oil Company (ADNOC), has acquired two additional Very Large Crude Carriers (VLCC). The new acquisition has raised the total …
The transaction is valued at AED 573 million
13 April 12:04 PM Agthia expects to complete AED 573m acquisition of Atyab in July - CFO
Abu Dhabi – Mubasher: The UAE-based Agthia Group expects to receive the necessary regulatory approvals to complete the acquisition of a 75.02% stake in the Egypt-based Ismailia Investments (Atyab) during June or July, the Group's Chief Finance …
The group is currently negotiating the terms of the letter of intent with CI Capital
13 April 11:38 AM Cleopatra Hospitals Group intends to acquire 51.5% of Alexandria New Medical Center
Cairo – Mubasher: Cleopatra Hospitals Group (CHG) announced its intention to acquire Abu Dhabi Commercial Bank’s (ADCB) 51.5% stake in Alexandria Medical Services - Alexandria New Medical Center. The group submitted an initial non-binding letter …
The deal will raise the bank’s market share to 4-5%
13 April 11:20 AM FAB expects to complete acquisition of Bank Audi Egypt by 2021-end
By: Abdullah Bedeir Cairo – Mubasher: First Abu Dhabi Bank (FAB) is expected to complete its acquisition of Bank Audi Egypt before the end of 2021, pending the approval of the Central Bank of Egypt (CBE), FAB Egypt’s CEO Mohamed Fayed said. On the …
Alpha Dhabi Holding focuses on the real estate and construction sector
13 April 09:35 AM IHC purchases 45% stake in Alpha Dhabi Holding
Abu Dhabi – Mubasher: International Holdings Company (IHC) has completed the acquisition of a 45% stake in Alpha Dhabi Holding, formerly known as Trojan Holding. Established in 2008, Alpha Dhabi Holding focuses on the real estate and construction …
Maharah's MoU was concluded on 11 April
12 April 11:18 AM Maharah to acquire majority stake in Spectra Support Services
Riyadh – Mubasher: Maharah Human Resources Company signed a non-binding memorandum of understanding (MoU) to acquire a 90% majority interest in Spectra Support Services Company. The MoU was concluded on 11 April, while a pre-conditions period will …
The merged entity will continue to be branded as The Arabian Shield Cooperative Insurance Company
11 April 05:41 PM AlAhli Takaful, Arabian Shield enter into MoU for potential merger
Riyadh – Mubasher: AlAhli Takaful Company and Arabian Shield Cooperative Insurance both signed a memorandum of understanding (MoU) for a potential merger between the two entities, according to two separate disclosures to Tadawul on Sunday. The …
An offer has been submitted to CI Capital to start the negotiation process
11 April 01:18 PM Speed Medical's unit inks alliance deal to acquire Alexandria New Medical Center
Cairo – Mubasher: Speed Medical Company announced that its 80.25%-owned subsidiary Speed Hospitals signed an alliance agreement with medical investment-specialised LimeVest Fund and Tawasol, a subsidiary of the Saudi Elaj Group, for the …
Atyab has a processing capacity of about 70,000 tonnes per year
7 April 09:36 AM Agthia's board approves majority acquisition in Egyptian processed meat producer
Abu Dhabi – Mubasher: The board of the UAE-based Agthia Group has approved a strategic acquisition of a 75.02% stake in Egypt-based Ismailia Investments (Atyab), a producer of frozen processed chicken and beef products. The founder of Atyab, …
Saudi National Bank was formed following merger of National Commercial Bank and Samba
5 April 01:01 PM Tadawul delists Samba, Saudi National Bank lists merger shares
Riyadh – Mubasher: The Saudi Stock Exchange (Tadawul) announced delisting the shares of Samba Financial Group at the end of Sunday's trading session, in reference to the trading suspension of Samba a few days ago. In a separate disclosure, the …
The board will also consider current and future matters and projects
5 April 09:45 AM Agthia to consider potential acquisition for cash consideration
Abu Dhabi – Mubasher: The board of Agthia Group will weigh a potential acquisition of a company that conducts business complementary to Agthia's operations for cash consideration. During a meeting set to be held on Wednesday, 7 April 2021, the …
The acquisition is the largest office transaction in Northern Ireland
4 April 01:56 PM ADIB grants Albilad Capital financing to acquire PWC headquarters in Northern Ireland
Abu Dhabi – Mubasher: Abu Dhabi Islamic Bank (ADIB) has granted Albilad Capital, a wholly-owned investment arm of Saudi Arabia's Bank Albilad, structured Islamic financing to support the company's GBP 87 million acquisition of the PWC headquarters …
The board approved the FV of Speed Medical at EGP 2.415 billion
1 April 05:25 PM Speed Medical approves FV ahead of Prime Speed acquisition deal
Cairo – Mubasher: The board of directors of Speed Medical Company approved the fair value (FV) of Prime Speed Healthcare prepared by the independent financial advisor Economic Group Financial Consulting Company for Securities at a value of EGP …
1 April 03:37 PM Abu Dhabi Aviation considers acquiring Falcon Aviation Services
Abu Dhabi – Mubasher: Abu Dhabi Aviation Company has inked a letter of intent to consider fully acquiring Falcon Aviation Services (FAS), an aviation services provider. The potential acquisition of FAS is part of Abu Dhabi Aviation's strategic …
National Commercial Bank (NCB) to be renamed The Saudi National Bank
1 April 03:09 PM NCB, Samba to complete merger with no creditor objections
Riyadh – Mubasher: The National Commercial Bank (NCB) and Samba Financial Group have announced the expiry of the creditor objection period with no outstanding unsatisfied creditor objections for their planned merger. Through the merger, Samba …
The transaction is in line with ADQ’s strategy
31 March 04:10 PM ADQ inks definitive agreement to acquire Egypt's Amoun Pharmaceutical
Mubasher: The Abu Dhabi-based holding company, ADQ, has signed a definitive agreement to acquire Egypt's Amoun Pharmaceutical Company (Amoun) from Bausch Health Companies (Bausch Health). The transaction will be completed through a mandatory …
Mubadala will remain Aldar’s largest shareholder at 25%
31 March 12:34 PM Mubadala sells 12% stake in Aldar for AED 3.5bn
Abu Dhabi – Mubasher: Sublime Commercial Investment, Alpha Dhabi Holding subsidiary, has acquired a 12.21% stake in Aldar Properties from Mubadala Investment Company (Mubadala). Carried out by International Securities and ADCB Securities, the …
The MTO was executed on 4.888 million shares
30 March 03:15 PM EGX implements MTO on Assiut Islamic Trading's shares at EGP 139m
Cairo – Mubasher: The Egyptian Exchange (EGX) announced the execution of a mandatory tender offering (MTO) on the shares of Assiut Islamic Trading. The MTO was carried out on 4.888 million shares at a total value of EGP 139.317 million, according …
EFG Hermes will own 51% of the bank
29 March 01:11 PM EFG Hermes says aiBANK acquisition deal still not valued
Cairo – Mubasher: The Egyptian Financial Group Hermes Holding (EFG Hermes) responded to news reports about the acquisition of 76% of the Arab Investment Bank (aiBANK) by EFG Hermes and The Sovereign Fund of Egypt (TSFE). EFG Hermes said that the …
The company's annual output capacity amounts to 350,000 metric tonnes
29 March 12:49 PM Oriental Weavers Carpet's unit acquires 1.4% of Egyptian Propylene
Cairo – Mubasher: Oriental Weavers Carpet announced that its 99%-owned subsidiary Oriental Weavers International acquired 1.41% of the Egyptian Propylene and Polypropylene Company (EPP) for a total value of $7.8 million. The EPP, located in Port …
Photo Archive
24 March 01:08 PM CITC approves merging Zain KSA, Mobily telecom towers under new entity
Riyadh - Mubasher: Mobile Telecommunications Company Saudi Arabia (Zain KSA) has received in-principle approval from the board of Communications and Information Technology Commission (CITC) on the application submitted by Zain KSA, Etihad Etisalat …
Gulf Capital has used 78% of its third private equity fund
23 March 01:16 PM Abu Dhabi's Gulf Capital acquires healthcare technology companies in US
UAE - Mubasher: Abu Dhabi- based Gulf Capital has acquired two healthcare technology companies in the US in exchange for $60 million, Reuters reported. The acquisitions are part of the company's objective to expand over the coming year, the CEO of …