Cairo – Mubasher: The Financial Regulatory Authority (FRA) has approved MENA Glass Holdings Limited's offer to acquire a 40.76% stake, equivalent to 25.52 million shares, in Middle East Glass Manufacturing Company (MEGM). The offer set the price …
Mubasher: GFH Financial Group has increased its equity ownership in GFH Equities, previously known as GBCorp, by 12.50% during July 2024. Following the transaction, the cross-listed group holds a majority stake of 76.63%, according to a press …
Abu Dhabi – Mubasher: Emirates Driving Company has acquired a 51% equity ownership in Excellence Premier Investment, the parent company of Excellence Driving Centre, at a value of AED 153 million. The transaction is part of the listed company’s …
UAE – Mubasher: DP World and Turkey’s Evyap Group have completed a strategic merger to create an international logistics hub, combining their Marmara Seaport assets. The completion comes after receiving regulatory approval from the Turkish …
UAE – Mubasher: MENA’s leading digital content provider Majarra has acquired Lableb, AI-based search engine that deals with the nature of Arabic content online. This strategic transaction anchors Majarra's position at the forefront of Arabic …
Riyadh - Mubasher: Saudi Arabia’s Al Haytham Mining Company is considering acquiring a stake in Egypt’s Afaq Mining, Asharq News reported, citing CEO Khaled Al Jahdali. The Saudi company’s board plans to offer a share of the company’s stocks on …
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) will acquire a 50% stake in Jubail-based Blue Hydrogen Industrial Gases Company (BHIG) upon definitive agreements with the parent company Air Products Qudra (APQ), according to a press release. …
Abu Dhabi – Mubasher: Sirius Digitech, a joint venture (JV) between the Adani Group and Sirius International Holding, a subsidiary of International Holding Company (IHC), has signed binding agreements for the acquisition of Coredge.io, a …
Riyadh – Mubasher: Lana Medical Company has acquired 50% of Solar Laser Systems Company and Solar Maccom Company in Belarus for SAR 6 million. The deal aims to transfer industry and technologies to Saudi Arabia in line with Vision 2030, according …
Abu Dhabi – Mubasher: Enersol, a joint-venture (JV) between ADNOC Drilling Company and Alpha Dhabi Holding, has acquired a 51% equity stake in NTS AMEGA for $58 million. The NTS acquisition aligns with Enersol’s strategy to become a …
UAE – Mubasher: DUBAL Holding has acquired an equity stake in BiOD Technology FZCO, marking a strategic push into green investments. The deal underscores DUBAL Holding's commitment to sustainable wealth funds and Dubai's vision of a greener …
Abu Dhabi – Mubasher: The general assembly meeting of Ras Al Khaimah Company for White Cement and Construction Materials (RAK White Cement) approved, on 9 July 2024, the conditional cash offer from Indian manufacturer UltraTech Cement Middle East …
Cairo – Mubasher: The Egyptian Exchange (EGX) has completed the transfer of the ownership of around 427.71 million shares in Elsewedy Electric Company to Two Point Zero Group, a subsidiary of International Holding Company (IHC), for EGP 21.20 …
Riyadh – Mubasher: Saudi Reinsurance Company (Saudi Re) has announced the completion of all procedures to conclude selling its entire 49.90% equity in the UK-based Probitas Holdings (Bermuda) Limited (PHBL) and its subsidiaries. Saudi Re exited …
Riyadh – Mubasher: Saudi Reinsurance Company (Saudi Re) has signed a binding subscription agreement with the Public Investment Fund (PIF) to increase its capital from SAR 891 million to SAR 1.15 billion. Saudi Re is set to increase its capital …
Cairo – Mubasher: The Egyptian Exchange (EGX) announced extending the validity period for the acquisition offer the non-binding offer (NBO) for the acquisition of Elsewedy Electric Company by the UAE’s Electra Investment Holding to 8 July 2024. In …
Mubasher: CoinDCX, the largest crypto exchange in India, has acquired Dubai-based virtual assets trading platform BitOasis, for an undisclosed value, according to a press release. CoinDCX previously invested in BitOasis during August 2023 and the …
By: Abdel Razek El-Showeikhy Cairo – Mubasher: Act Financial is planning to acquire stakes in real estate, healthcare, and logistics companies, Managing Partner Mostafa Abdelaziz told Mubasher in an interview. The company is finalising procedures …
Cairo – Mubasher: Fawry for Banking Technology and Electronic Payments has witnessed a block-trading transaction of EGP 1.02 billion on Monday, 1 July 2024. The deal was executed on 170.24 million shares, according to an announcement. In the first …
Riyadh – Mubasher: Saudi Arabian Oil Company (Aramco) inked definitive agreements to acquire a 10% stake in HORSE Powertrain Limited, the new global powertrain solutions company. Aramco’s subsidiary pended the deals alongside Renault Group, …
Riyadh – Mubasher: Saudi Tadawul Group Holding Company has sealed the acquisition of 32.60% strategic equity in DME Holdings Limited, a leading international commodities exchange, according to a press release on 26 June 2024. Following the equity …
Riyadh – Mubasher: United International Transportation Company (Budget Saudi) has acquired Al Jazira Equipment Company (AutoWorld), a SEDCO Holding-owned vehicle leasing company. The transaction anchors Budget Saudi’s strategic objectives to …
Abu Dhabi – Mubasher: e& enterprise, the digital transformation unit of e&, has acquired Turkey-based GlassHouse Technologies in a deal that underscores its ambitions to expand globally. The acquisition establishes Turkey as a new key market for …
Riyadh – Mubasher: National Medical Care Company (NMC) penned a SAR 44 million deal with Saudi Medical Care Group to acquire the entire share capital of Al Salam Health Medical Hospital. The two entities inked the purchase agreement on 23 June …
UAE – Mubasher: Mubadala Capital and global sailing championship SailGP have announced a strategic investment deal to acquire a newly formed SailGP team representing Brazil. It will be the first South American team in SailGP and kick off in …
