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Mergers and Acquisitions

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25 June 06:36 AM GASCO Holding completes acquisition of 50% stake in Jaco Gases
Riyadh - Mubasher: Alghaz Waltsnae Company Eligibility Alqabida, known as GASCO Holding, has finalized the acquisition of a 50% equity stake in Jaco Gases, a limited liability company, following the completion of all necessary regulatory …
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24 June 12:19 PM ADES Holding’s unit intends to acquire Saipem for $285m
Riyadh - Mubasher: ADES Holding Company announced that its indirectly owned subsidiary, ADES Saudi Limited Company, has entered into a binding sale and purchase agreement to acquire Saudi Arabian Saipem Limited for $285 million (SAR 1.07 billion). …
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23 June 01:13 PM Knauf to submit tender offer for United Mining Industries' acquisition
Riyadh - Mubasher: United Mining Industries Company announced, on behalf of Knauf International GmbH (Knauf), that Knauf has formally declared its firm intention to submit a tender offer to acquire up to 100% of the remaining shares in United …
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21 June 04:50 PM Anaam International Holding pens non-binding MoU for stake acquisition deal
Riyadh – Mubasher: Anaam International Holding Group has signed a non-binding memorandum of understanding (MoU) with Masar Al Ola Trading Company to explore a potential acquisition of a majority stake in the firm.  The agreement, signed on 21 June …
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21 June 12:13 PM MEFIC REIT Fund amends real estate acquisition deal in Jeddah, Makkah
Riyadh – Mubasher: Middle East Financial Investment Company (MEFIC Capital), the manager of the Mefic REIT Fund, has announced significant amendments to its ongoing acquisition strategy involving real estate assets in Jeddah and Makkah, alongside …
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21 June 08:41 AM Almasar Education eyes 60% majority stake in Al Qalam Educational Trading
Riyadh – Mubasher: Al Masar Al Shamil Education Company has entered into a non-binding memorandum of understanding (MoU) with the partners of Al Qalam Educational Trading Company to explore the acquisition of a 60% majority stake. The agreement, …
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17 June 04:37 PM Alkhaleej Training, GFH Bank extend non-binding MoU for merger
Riyadh – Mubasher: Alkhaleej Training and Education Company has announced a 180-day extension to its non-binding memorandum of understanding (MoU) with GFH Financial Group regarding the proposed merger of their respective educational assets. The …
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17 June 01:53 PM Waja seeks 5% equity ownership in Owtad Al Fahad
Riyadh - Mubasher: Waja Company has signed a non-binding memorandum of understanding (MoU) to acquire a 5% equity stake in Owtad Al Fahad Company Limited, a Riyadh-based firm specializing in the construction and building sector. The agreement, …
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16 June 08:21 AM BinDawood Holding secures SAR 218m Murabaha financing from ANB, Emirates NBD
Riyadh - Mubasher: BinDawood Holding Company penned a Sharia-compliant Murabaha financing from Arab National Bank (ANB) and Emirates NBD Bank to fund the acquisition of 51% of the shares of Vaza Food Company. The company obtained SAR 217.80 …
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14 June 07:30 PM Al Majed for Oud signs non-binding offer to acquire GCC-focused Safa Pharmaceuticals
Riyadh - Mubasher: Al Majed for Oud Company signed a non-binding agreement, on 13 June, to fully acquire Al Safa Pharmaceuticals and Medical Supplies, according to a statement. The deal also involves related parties, including Othman Abdullah …
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14 June 04:51 PM Fakeeh Care Group rolls out SAR 1.5bn acquisition deal
Riyadh – Mubasher: Dr. Soliman Abdel Kader Fakeeh Hospital Company, known as Fakeeh Care Group, signed a binding share purchase agreement to fully acquire Mohammed Bin Rashid Al Fagih & Partners Company. The transaction will be implemented in …
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11 June 06:27 AM GCC-focused Aster DM Healthcare expands footprint in Saudi Arabia
Riyadh - Mubasher: GCC-based Aster DM Healthcare has launched a business in Saudi Arabia’s Eastern Province after acquiring a majority stake in ProCare Hospital through a joint venture (JV) with Abdulrahman Saleh Al Rajhi and Partners Co. Group. …
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8 June 01:34 PM Al Kuzama Trading inks SAR 35m facility deal with Al Rajhi Bank
Riyadh - Mubasher: Al Kuzama Trading Company has obtained a SAR 35 million Shariah-compliant credit facility from Al Rajhi Bank, according to a bourse filing. The deal aims to finance the acquisition of a 25% stake in Unique Food Catering Company …
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7 June 11:37 AM Miahona enters into purchase agreement to take over Sha’s Water
Riyadh - Mubasher: Miahona Company inked a sale and purchase agreement (SPA) to fully acquire Sha’s Water Services Limited Company, including a relevant stake in its affiliates. The transaction will bolster Miahona’s growth in the water …
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2 June 04:28 PM Saudi Arabia records $23.3bn M&A deals in Q1-26 despite geopolitical challenges - Report
Riyadh - Mubasher: Saudi Arabia’s mergers and acquisitions (M&A) market continues to show resilience despite ongoing geopolitical uncertainty across the region, according to Ansarada’s latest Middle East M&A analysis report. In the first quarter …
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2 June 09:26 AM BinDawood Holding completes acquisition of 51% shareholding in Vaza
Riyadh - Mubasher: BinDawood Holding Company has completed taking over 51% of Vaza Food Company’s capital in exchange for SAR 217.90 million, according to a bourse disclosure. The acquisition is part of BinDawood Holding’s strategy to accelerate …
Saudi Arabian Refineries Company (SARCO)
31 May 07:41 PM SARCO’s subsidiary enters into MoU for potential equity acquisition
Riyadh – Mubasher: Saudi Arabian Refineries Company (SARCO) has announced that its subsidiary, Refineries Venture Company (Masafi Ventures) has signed a non-binding memorandum of understanding (MoU) with Khadra Al Hijaz Environmental Services …
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31 May 06:18 PM Al Ramz Real Estate to acquire Al Ahli Aleen Enbar Fund’s entire units
Riyadh – Mubasher: Al Ramz Real Estate Company has signed definitive agreements to acquire the remaining shareholder units in Al Ahli Aleen Enbar Real Estate Fund in a transaction valued at SAR 133 million, according to a bourse disclosure. …
Aqaseem Factory for Chemicals and Plastic Company
27 May 11:22 AM Aqaseem terminates potential acquisition agreement
Riyadh – Mubasher: Aqaseem Factory for Chemicals and Plastics Company has officially announced the termination of its memorandum of understanding (MoU) regarding a stake acquisition in Leader Express, according to a bourse filing. The decision, …
Dar Almarkabah for Renting Cars Company (DS Rent)
26 May 06:31 PM DS Rent issues update about auto rental firm acquisition
Riyadh – Mubasher: Dar Al Markabah for Renting Cars Company (DS Rent) has formally announced the termination of its memorandum of understanding (MoU) regarding the proposed acquisition of Al Sahm Al Thahabi Car Rental Company. The company informed …
Saudi Arabian Oil Company (Aramco)
25 May 04:16 PM Aramco transfers full ownership in PRefChem to Petronas
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) and Petroliam Nasional Berhad (Petronas) have signed an agreement for the transfer of Aramco’s equity stakes in Pengerang Refining Company Sdn. Bhd. and Pengerang Petrochemical Company Sdn. …
United Mining Industries Company
24 May 11:22 AM United Mining Industries unveils update on potential acquisition by Knauf, delisting status
Riyadh – Mubasher: United Mining Industries Company has issued an addendum confirming that Knauf International GmbH has completed a private transaction involving the company’s shares. Following this development, Knauf is now considering a formal …
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17 May 06:33 PM MIS concludes equity acquisition in Eltizam Insurance
Riyadh – Mubasher: Al Moammar Information Systems Company (MIS) has announced the acquisition of a 15% stake in Eltizam Insurance platform, according to a bourse filing. The transaction is valued at SAR 19.50 million and was finalized following …