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Mergers and Acquisitions

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3 March 02:42 PM ADNOC acquires 25% equity ownership in global energy group OMV
Abu Dhabi – Mubasher: Abu Dhabi National Oil Company (ADNOC) has officially closed the acquisition of a 24.90% shareholding in Austria-based OMV AG OMV AG from Mubadala Investment Company. The transaction aligns with ADNOC’s global chemicals …
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3 March 01:23 PM Saudi Aramco completes acquisition of Chile’s Esmax
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco)has fully acquired Esmax Distribución SpA, a leading diversified downstream fuels and lubricants retailer in Chile. The transaction, which was first announced in September 2023, marks Aramco’s …
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3 March 12:52 PM TMG Holding’s ICON finalises acquisition of 7 historic hotels in Egypt
Cairo – Mubasher: Talaat Moustafa Group Holding Company (TMG Holding) announced completing all procedures for the acquisition of a 51% stake in the management rights of Legacy Hospitality and Touristic Projects, which owns seven historic hotels in …
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3 March 11:21 AM Agthia raises stake in Egypt-based Auf Group to 70%
Abu Dhabi – Mubasher: Agthia Group has completed the acquisition of an additional 10% shareholding in Egypt-based healthy snacks and coffee manufacturer and retailer Auf Group. Through this transaction, the ADX-listed group increased its equity …
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3 March 10:48 AM ADIB Egypt withdraws acquisition offer of Cairo National for Investment
Cairo – Mubasher: Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) has withdrawn a mandatory tender offer (MTO) to acquire the free float shares of Cairo National for Investment and Securities company. The offer was originally submitted on 14 December …
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3 March 10:31 AM B Investments’ board nods to $3m investments into Basata
Cairo – Mubasher: B Investments Holding’s board of directors has approved investing $3 million in Basata Holding for Financial Payments and its affiliates. The investment is set to fund Basata’s regional expansion plan, according to a bourse …
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28 February 02:52 PM Palm Hills Developments logs EGP 1.6bn profits in 2023; acquisition deal approved
Cairo – Mubasher: The net consolidated profit after income tax and non-controlling equities of Palm Hills Developments Company registered EGP 1.58 billion in 2023, up from EGP 1.25 billion a year earlier. Revenues jumped to EGP 17.46 billion last …
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28 February 01:05 PM FRA greenlights B Investments’ acquisition of Orascom Financial Holding
Cairo – Mubasher: B Investments Holding obtained the approval of the Financial Regulatory Authority (FRA) to acquire 90% of the capital of Orascom Financial Holding (OFH). The transaction will be implemented through a stock exchange without the …
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28 February 09:57 AM Q Holding takes over ADNEC; rebranding unveiled
Abu Dhabi – Mubasher: Q Holding acquired more than 100% of the share capital for Abu Dhabi National Exhibitions Company (ADNEC), according to a press release. The ADX-listed firm reinforced its position in Abu Dhabi’s real estate market by …
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27 February 04:55 PM MAPEI Group acquires Saudi Bitumat to expand presence in Middle East
 Mubasher: MAPEI Group, a leading Italian manufacturer of chemical products for use in the building industry, acquired a 100% stake in Saudi Arabia-based Bitumat. The acquisition aligns with the group’s expansion plans to strengthen its presence …
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27 February 11:31 AM Multiply reinforces media portfolio via acquisition of BackLite
Abu Dhabi – Mubasher: Multiply Group has fully acquired BackLite Media, a premier Digital Out-of-Home (DOOH) advertising firm, to expand its footprint in the burgeoning Out-of-home (OOH) advertising space. BackLite Media has assets in key …
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25 February 03:44 PM Saudi Lime inks acquisition deal with Astra Industrial, Tharawat Mining
Riyadh - Mubasher: Saudi Lime Industries Company penned a conditional binding with Astra Industrial Group and Tharawat Mining Company to fully acquire Astra Mining Limited Company. The parties agreed to complete the transaction within three months …
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18 February 11:45 AM GIG sells entire stake in Buruj Cooperative for SAR 122m
Riyadh – Mubasher: Buruj Cooperative Insurance Company has announced that its majority shareholder Gulf Insurance Group (GIG) entered a binding agreement to sell its entire stake in the company to Cigalah Trading Establishment for SAR 121.83 …
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6 February 02:10 PM Ghitha Holding acquires majority stake in MNG Airlines for $211m
Abu Dhabi – Mubasher: Ghitha Aeroinvest Holding Limited, a wholly-owned indirect subsidiary of Ghitha Holding entered into a share purchase agreement (SPA) to acquire a 44% stake in MNG Havayollari ve Tasimacilik A.S. (MNG Airlines). The …
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30 January 12:02 PM Pure Health to acquire 25% stake in SERA
Abu Dhabi – Mubasher: Abu Dhabi Health Services Company (SERA), a wholly owned subsidiary of Pure Health Holding, has signed a definitive agreement to acquire Mayo Clinic's interest in Sheikh Shakbout Medical City (SSMC). SERA plans to purchase …
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23 January 01:50 PM UAE’s Elite acquires LogX via logistics deal
UAE – Mubasher: GreenDome Holdings (GDH), through its subsidiary Elite Company, has acquired LogX, a leading temperature-controlled logistics firm in the UAE, according to a press release. GreenDome highlighted that the multi-million dollar deal …
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22 January 10:40 AM Response Plus boosts global expansion via acquisition of UK-based Prometheus
Abu Dhabi – Mubasher: Response Plus Medical, part of listed, Response Plus Holding has acquired UK-based healthcare training and consultancy services firm Prometheus Medical. The strategic acquisition aligns with the UAE group’s growth plans to …
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21 January 11:46 AM Saudi Tadawul Group acquires SAR 107m equity in DME
Riyadh – Mubasher: Saudi Tadawul Group Holding Company has entered into a binding agreement with the shareholders of DME Holdings Limited to acquire a 32.60% stake in Dubai Mercantile Exchange (DME). Subject to pre-closing terms and conditions, …
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15 January 09:41 AM UAE-based PureHealth acquires UK’s largest private healthcare group
Abu Dhabi – Mubasher: PureHealth has completed its acquisition of Circle Health Group, the UK’s largest independent operators of hospitals, according to a press release. Valued at nearly $1.20 billion before debt, the transaction boosts …
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14 January 02:56 PM ADQ, ADNEC to acquire majority stake in TMG Holding’s hospitality arm
Mubasher: Abu Dhabi-based investment and holding firm ADQ and ADNEC Group inked definitive agreements to acquire a 40.50% stake in Talaat Moustafa Group Holding Company (TMG Holding) hospitality arm, ICON, through a capital increase. The two UAE …
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8 January 09:59 AM Baims acquires Egypt-based Orcas to anchor MENA’s $100bn education market
Mubasher: Baims, a Kuwait-based edtech firm, has acquired the Egyptian live learning platform Orcas Tutoring to boost the $100 billion education market in the MENA region, according to a press release. Orcas and Baims collectively raised more than …
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3 January 10:54 AM AD Ports’ Noatum takes over APM Terminals Castellón in Spain
Abu Dhabi – Mubasher: Noatum Terminals, the terminals operations business of Noatum Group, which is owned by AD Ports Group, has acquired 100% ownership of APM Terminals Castellón in Spain for an enterprise value (EV) of EUR 10 million. The …
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1 January 04:40 PM Alujain acquires shares in NATPET; ownership hits 97.5%
Riyadh – Mubasher: Alujain Corporation has completed the acquisition of shares from certain shareholders of its subsidiary National Petrochemical Industrial Company (NATPET). The deal was finalised after the successful execution of a share swap …
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28 December 2023 03:31 PM Emirates Stallions concludes 2023 with 60% stake in AFKAR
Abu Dhabi – Mubasher: Emirates Stallions Group (ESG) has acquired a 60% shareholding in AFKAR Financial and Property Investments, an Abu Dhabi-based company with diversified interests across the UAE. The transaction aligns with the listed …
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28 December 2023 02:59 PM Bonyan REIT acquires Al Rashid Mall Abha for SAR 110m
Riyadh – Mubasher: Saudi Fransi Capital, acting as the Fund Manager for Bonyan REIT Fund, carried out a call option to purchase Al Rashid Mall Abha for SAR 110 million. The fund initially acquired the mall through a 20-year usufruct agreement, …