Mergers and Acquisitions

Moon Capital Partners has bought 632,000 shares
4 hours ago Moon Capital Partners Master ups stake in GTH
Cairo – Mubasher: Prime Securities has announced that Moon Capital Partners Master and Moon Capital Partners Master Fund have increased their stakes in Global Telecom Holding (GTH) to 5.01% from 4.99%. Moon Capital Partners has bought 632,000 …
AUB has welcomed the MoU with AUB
09:53 AM Boursa Kuwait suspends trading on KFH
Mubasher: Boursa Kuwait announced that the trading on Kuwait Finance House’s (KFH) shares will be suspended for an hour, as part of the procedures applied for the possible mergers and acquisitions. On Monday, KFH said it has called on Ahli United …
KFH calls on Bahrain’s AUB for possible merger
16 July 04:37 PM KFH calls on Bahrain’s AUB for possible merger
Mubasher: Kuwait Finance House (KFH) has called on Ahli United Bank (AUB) to sign a memorandum of understanding (MoU) and information confidentiality agreement. The MoU calls for conducting a study and evaluation for a possible merger between the …
Tabarak Investment will remain a “strategic investors” in DSI
16 July 04:10 PM Tabarak amends stake in DSI to 13.26%
Dubai – Mubasher: Drake and Scull International (DSI) has announced that Tabarak Investment’s stake in the company has reached 13.26% or 142.15 million shares, on Monday. Tabarak Investment, a subsidiary of Tabarak Commercial Investment, will …
Assets and liabilities of Al Bilad will be added to Dimah’s profile
15 July 03:25 PM Dimah Capital to merge with Al Bilad before end-2018
Mubasher: Dimah Capital Investment Company is expected to complete the procedures of its merger with Al Bilad Real Estate Investment Co before the end of 2018, the CEO and deputy chairman of Dimah, Hosam Al Muzaiel, said, as reported by Al Anba …
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12 July 07:37 PM FAB sells NBAD Jordan operations to SGBJ
Abu Dhabi - Mubasher: First Abu Dhabi Bank (FAB) has signed an agreement with Societe Generale de Banque - Jordanie (SGBJ) on Thursday to sell its National Bank of Abu Dhabi (NBAD) Jordan business operations to SGBJ. The deal includes the transfer …
Malath, ACIG decide to drop merger
12 July 07:18 PM Malath, ACIG decide to drop merger
Riyadh – Mubasher: Malath Cooperative Insurance and Allied Cooperative Insurance Group (ACIG) announced not to continue their merger talks. The decision came after the two companies failed to reach a preliminary agreement regarding the method for …
Al Ramz has acquired nearly 26.65 million shares in Takaful
12 July 11:43 AM Al Ramz buys equity in Takaful Emarat
Mubasher: Al Ramz Corporation Investment and Development announced that one of its subsidiaries has acquired a stake in Takaful Emarat. Al Ramz has acquired nearly 26.65 million shares in Takaful Emarat, according to a bourse filing to the Dubai …
Mazaya Qatar not to acquire Tornado Tower
12 July 10:52 AM Mazaya Qatar not to acquire Tornado
Mubasher: Mazaya Qatar Real Estate Development on Thursday announced that its subsidiary Granada Real Estate Investment Company has reached a final agreement with the two companies owning Tornado Company, whereby it will not proceed with its …
The deal was managed by Ras Al Khaimah IDO
11 July 04:30 PM India’s Shree Cement acquires Emirati UCC
Abu Dhabi - Mubasher: The Government of Ras Al Khaimah has announced completing the acquisition of the UAE Union Cement Company (UCC) by India’s Shree Cement. The deal was managed by Ras Al Khaimah Investment and Development Office (IDO) on behalf …
M&A deals expected to rise in Saudi market soon – KPMG
9 July 06:00 PM M&A deals expected to rise in Saudi market soon – KPMG
Riyadh – Mubasher: Mergers and acquisitions (M&A) are projected to rise in Saudi Arabia over the next two years, a new report has shown. The sectors, which are most likely to see such transactions are: automotive, real estate, transportation, …
The transfer of the property's ownership will take 30 days
9 July 11:50 AM Derayah REIT to acquire Raseel Medical Center at SAR 22m
Riyadh – Mubasher: Derayah REIT, a subsidiary of Derayah Financial, on Monday has announced signing a non-binding memorandum of understanding (MoU) to acquire Raseel Medical Center at a combined value of SAR 22 million. The transfer of …
GTH’s board of directors is studying the offer
4 July 01:43 PM VEON offers buying GTH’s assets in Jazz for $2.55bn
Cairo – Mubasher: Global Telecom Holding (GTH) on Wednesday said that it has received an offer from VEON Ltd to purchase its assets in Jazz and associated operations for $2.55 billion. VEON's, Global Telecom's main shareholder, offer …
Both companies seek to resolve a costly rivalry,
4 July 10:19 AM Uber, Careem discuss Middle East merger
Dubai – Mubasher: Ride-hailing company Uber Technologies has initiated preliminary talks with its Dubai-based rival Careem to merge their Middle Eastern ride-hailing services, sources familiar with the matter said. Both companies, which seek to …
Al Masah Capital’s total assets have reached AED 6.24 billion
3 July 12:25 PM Al Masah Capital Limited to float stake in health care unit
Dubai – Mubasher: Al Masah Capital Limited is planning to float a stake in Avivo Group, health care facilities operator, through an initial public offering (IPO) on the Dubai Financial Market (DFM). Since its establishment, Al Masah Capital’s …
Dnata has been managing the Italian company since 2016
2 July 05:49 PM Dubai's dnata raises stake in Italy’s Airport Handling to 70%
Abu Dhabi – Mubasher: Dubai National Air Transport Association (dnata) has acquired an additional 40% share in Italy’s Airport Handling. The recent deal increases the UAE-based carrier’s stake in Airport Handling to 70%, according to a company …
The transaction’s value will be paid in cash
2 July 05:08 PM Saudi SADAFCO acquires 76% stake in Poland’s Mlekoma Group at SAR 120m
Riyadh – Mubasher: Saudia Dairy and Foodstuff Company (SADAFCO) said that its wholly-owned subsidiary, SADAFCO Poland, has signed an agreement to acquire an initial stake of 76% in Mlekoma Sp z.o.o and its unit Foodexo sp.z o.o (Mlekoma Group) at …
Companies did not reveal further details
27 June 03:49 PM Eshraq Properties cancels merger plan
Abu Dhabi – Mubasher: Eshraq Properties has given up a plan to acquire Reem Investments following the failure of bilateral talks. Both UAE-based companies stated in August 2017 that they were negotiating a potential merger. “The strategic …
Investment in the GCC’s K-12 private education market is very attractive; particularly in the UAE
27 June 11:05 AM Amanat acquires NLCS Dubai's real estate assets for AED 405m
Dubai – Mubasher: Amanat Holdings on Wednesday announced completing the acquisition of the real estate assets of North London Collegiate School (NLCS) Dubai for AED 360 million ($98 million). The GCC’s largest healthcare and education investment …
A merger between the UAE-based carriers will create a strong international entity
25 June 06:05 PM Etihad Airways, Emirates pilot cooperation revives merger idea
By: Mahmoud Gamal Abu Dhabi – Mubasher: Etihad Airways’ latest decision to allow its pilots to join Emirates' staff has raised many questions regarding a potential merger between the two Emirati carriers, a matter that officials from both firm had …
The financial impact of this MoU cannot be determined in the current time
25 June 04:07 PM KMEFIC’s subsidiary inks MoU with KFIC
Mubasher: Kuwait and Middle East Financial Investment (KMEFIC) announced that its 90%-owned subsidiary Middle East Financial Brokerage Co has signed a non-binding memorandum of understanding (MoU) with KFIC Financial Brokerage, a 98.5%-owned …
Ebtikar acquires 33.7% stake in Masary at EGP 130m
25 June 01:51 PM Ebtikar acquires 33.7% stake in Masary at EGP 130m
Cairo – Mubasher: Ebtikar for Financial Investment on Monday announced it has acquired a 33.7% holding in the software development and e-payment company Masary. The transaction has been executed at a value of EGP 130 million, Ebtikar highlighted …
Following the deal, Dubai-based Amanat would have all of the UK-based university’s campus
25 June 11:08 AM Amanat to buy Abraaj's stake in Middlesex University Campus for $100m
Dubai – Mubasher: Amanat Holdings on Monday announced signing an initial agreement with The Abraaj Group for acquiring the latter’s stake in Middlesex University’s Dubai campus for about $100 million, sources familiar with the matter said. …
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21 June 05:36 PM Eni sells 10% of Zohr to Mubadala
Mubasher: Eni sold a 10% stake in the Shorouk concession to Mubadala Petroleum. The Shorouk concession is offshore Egypt, where the supergiant Zohr gas field is located, according to the company’s statement. Eni now holds a 50% stake of the …
The gas-rich nation does not have an immediate plan for this move
21 June 05:04 PM Qatar to increase stake in Russian Rosneft
Mubasher: Qatar is weighing up raising its stake in Russia's largest oil producer Rosneft, Faisal Alsuwaidi, member of the board of directors of Rosneft, has said on Thursday. The gas-rich nation does not have an immediate plan for this move, …