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Mergers and Acquisitions

Ebtikar’s stake in Masary will be raised to 65.5%
17 October 04:48 PM Ebtikar acquires additional stake in Masary
Cairo – Mubasher: Ebtikar for Financial Investment, a joint venture between MM Group for Industry and International Trade and B Investments Holdings, has acquired an additional stake of 5.9% in Masary for EGP 25.9 million. Accordingly, Ebtikar’s …
Mubadala will remain the majority shareholder in Cepsa with a shareholding of 63%
16 October 01:53 PM Mubadala sells 37% stake in Spain’s Cepsa
UAE – Mubasher: Mubadala Investment Company, the Abu Dhabi-based sovereign investor, announced that it has sold a 37% stake in the Spanish oil and gas company Compañía Española de Petróleos (Cepsa) to funds affiliated to The Carlyle Group, a …
Once the transaction is closed, Sonatrach will be the main shareholder of the Medgaz pipeline
15 October 03:21 PM Naturgy, Sonatrach to buy Mubadala’s 42.09% stake in Medgaz pipeline
UAE – Mubasher: Abu Dhabi state fund Mubadala Investment Company will sell its 42.09% stake in the Medgaz pipeline that carries natural gas from Algeria to Spain to Spain-based Naturgy Energy Group and Algeria’s Sonatrach, Reuters reported. As per …
Novomet is a major producer of oil-submersible equipment in Russia
15 October 09:32 AM Saudi Aramco to acquire Rosnano’s stake in Russian Novomet
Riyadh – Mubasher: Saudi Arabian Oil Company, globally known as Saudi Aramco, has signed an agreement with the Russian Direct Investment Fund (RDIF) and the Saudi Public Investment Fund (PIF) to acquire a 30.7% stake in Russian services company …
Arabtec in talks to mandate UBS as financial advisor of potential combination with Trojan Holding
15 October 09:07 AM Arabtec mulls appointment of UBS to advise on potential business combination
Dubai – Mubasher: Arabtec Holding, listed on the Dubai Financial Market (DFM), announced that it is in talks to mandate the Switzerland-based Investment banking company UBS as a financial advisor for the preliminary review and evaluation of a …
The board advised the OGM and EGM to assemble
14 October 03:47 PM KFH's board recommends full acquisition of AUB Bahrain
Mubasher: The board of Kuwait Finance House (KFH) recommended to the ordinary general meeting (OGM) to fully acquire the shares of Ahli United Bank – Bahrain (AUB Bahrain). The board advised the bank’s OGM and the extraordinary general meeting …
By 11:15 am, the stock rose by 1.53% to AED 1.99
14 October 10:46 AM Arabtec’s stock hits highest level in 4M in Monday’s mid-trade
By: Enas Bahgat Dubai – Mubasher: Arabtec Holding’s stock, listed on the Dubai Financial Market (DFM), has jumped to its highest levels in four months in Monday’s mid-trade, backed by the company’s potential merger with Trojan Holding. By 11:15 …
The deal is renewable and will be effective for 30 days
14 October 10:22 AM NCLE inks MoU to acquire Al Ghad National School
Riyadh – Mubasher:  National Company for Learning and Education (NCLE) has signed a non-binding memorandum of understanding (MoU) with Al Ghad National School to acquire 100% of its shares. The deal is renewable and will be effective for 30 days …
The stock jumped by 7.22% to AED 1.93
13 October 12:27 PM Arabtec’s stock acquires 28% of DFM’s liquidity in Sunday’s mid-trade
By: Enas Bahgat Dubai – Mubasher: Arabtec Holding’s stock, listed on the Dubai Financial Market (DFM), has captured 28% of the DFM’s liquidity during Sunday’s trading session. By 12:50 pm UAE time, the stock jumped by 7.22% to AED 1.93, its …
KFH has not made any official acquisition offer yet
13 October 10:02 AM Bahrain C. bank's nod to KFH takeover not made yet - AUB Bahrain
Mubasher: Ahli United Bank – Bahrain (AUB Bahrain) said that no official approval has been issued yet by the Central Bank of Bahrain (CBB) regarding the proposed acquisition by Kuwait Finance House (KFH). Additionally, KFH has not made any …
The financial value of the acquisition will be determined later
13 October 09:58 AM NCLE signs MoU to fully acquire Al Khwarizmi Company
Riyadh – Mubasher: National Company for Learning and Education (NCLE) has signed a non-binding memorandum of understanding (MoU) with Al Khwarizmi Company for Education to acquire 100% of its shares. The deal is renewable and will be effective for …
Shuaa will work with Trojan
11 October 07:15 PM Arabtec mandates UBS to advise potential merger with Trojan
Dubai – Mubasher: Arabtec Holding and Trojan Holding have reportedly hired Switzerland’s UBS bank and Emirati Shuaa Capital to advise a potential merger between both companies, according to Reuters. The Swiss bank will work with Arabtec and Shuaa …
The Kuwaiti company incurred losses of KWD 1.547 million in Q2
10 October 05:30 PM Danah Al Safat Foodstuff inks deal to sell Edafco
Mubasher: Danah Al Safat Foodstuff announced that it has signed a contract to sell the Egyptian Dairy and Foodstuff Co. (Edafco). The sale amount will be received after finalising the transfer of the ownership of shares with the official entities …
KFH will become the sixth-largest lender in the GCC after merger
9 October 11:42 AM KFH receives C.bank’s approval to merge with AUB Bahrain
Mubasher: Kuwait Finance House (KFH) has received the approval of the Central Bank of Kuwait (CBK) concerning the full acquisition of Ahli United Bank – Bahrain (AUB Bahrain). The approval is subject to the completion of some detailed requirements …
This deal will raise MM Group’s stake in Masary to 41% from 40%.
7 October 12:54 PM Ebtikar ups stake in Masary for EGP 21m
Cairo – Mubasher: MM Group for Industry and International Trade announced that Ebtikar for Financial Investment has acquired an additional stake of 4.83% in Masary, a smart payment system company, for EGP 21.4 million. Accordingly, the leading …
The final value of the deal will be set once due diligence is completed
6 October 11:50 AM Ataa Educational inks MoU to acquire Al Enayah Schools in Riyadh
Riyadh – Mubasher: Ataa Educational Co announced it has signed a non-binding memorandum of understanding (MoU) with Abdullah bin Abdulrahman Alhamdan & Sons Company to acquire Al Enayah Schools in Riyadh. The MoU sets the commitments of both …
Arab Dairy Products Co logged a net profit of EGP 20 million in H1
2 October 03:05 PM Arab Dairy announces end of acquisition talks
Cairo – Mubasher: Arab Dairy Products Co. (Panda) announced that all negotiations and due diligence processes to acquire a stake in the company have ended. The acquisition talks have ended as interested parties have different strategic views than …
The value of the transactions has not been revealed
2 October 12:05 PM International Holdings acquires 60% stake in Munnangi Seafoods
Abu Dhabi – Mubasher: International Holdings Company (IHC), listed on the Abu Dhabi Securities Exchange (ADX), announced that it has acquired 60% of equity share capital of Munnangi Seafoods Private Limited. IHC has also acquired a number of …
Swap ratio is one share in Walaa for every 1.52 in MetLife
2 October 11:02 AM Walaa Insurance, MetLife AIG disclose steps in merger deal
Riyadh – Mubasher: Walaa Cooperative Insurance Company has entered into a binding merger agreement with MetLife AIG ANB Cooperative Insurance Company on 29 September 2019 corresponding to 30/1/1440 H. Based on the binding merger, Walaa will …
The three firms will operate in financial services, real estate, and industrial sectors
2 October 10:57 AM Pioneers Holding to split into 3 firms, raise stakes in 5 units
By: Ahmed Allam Cairo – Mubasher: The board of directors of Pioneers Holding Company for Financial Investment decided to split the company into three separate companies, the company’s CEO Waleed Zaki said in an interview with Mubasher.  The …
The transaction came in line with SABIC’s strategy
1 October 06:55 PM SABIC obtains approvals to merger two units
Riyadh – Mubasher: Saudi Basic Industries Corp. (SABIC) has announced that it obtained regulatory approvals to merge its wholly-owned affiliate Saudi Petrochemical Company with all the assets, rights, liabilities, and obligations in its …
Both companies will disclose any relevant developments in due course
29 September 10:54 AM CMA approves merger between Al Aman Investment, Securities House
Mubasher: Kuwait’s Capital Markets Authority (CMA) approved the merger contract draft between The Securities House as the merger and Al Aman Investment as the merged. The merger shall be subject to the provisions of law no. 7 of 2010 regarding the …
The approval was required for SABIC’s subsidiaries in India
28 September 04:42 PM Indian antitrust agency approves SABIC’s acquisition
Riyadh – Mubasher: The Competition Commission of India (CCI) has approved Saudi Aramco’s acquisition of a 70% stake in Saudi Basic Industries Corp. (SABIC), according to Reuters. Such approval was required for SABIC’s subsidiaries operating in …
OGM also approved a group of agreements
26 September 10:20 AM Alhokair’s shareholders consent to SAR 340m acquisition
Riyadh – Mubasher: Fawaz Abdulaziz Alhokair Company’s ordinary general meeting (OGM) has approved the acquisition of 100% of the shares of Alittihad Almobtakar Ltd for a consideration of SAR 340 million. Alittihad Almobtakar is owned by Warehouse …
The MoU will be extended for a month
25 September 03:03 PM GACO extends non-binding MoU for acquisition deal
Riyadh – Mubasher: Al Gassim Investment Holding Company (GACO) has extended a non-binding memorandum of understanding (MoU) for the acquisition of a stake in Advanced Bakeries Company, according to a bourse statement released on Wednesday. The MoU …