Merging and Acquisitions

One of Shree Cement’s options is to fully acquire UCC
18 January 10:12 AM India's Shree Cement to buy 93% of UCC
Dubai – Mubasher: Shree Cement Company on Thursday has presented an offer to acquire a 92.8% stake in the UAE’s United Cement Company (UCC) in consideration of $305.2 million. One of Shree Cement’s options is to fully take over UCC, Al-Khaleej …
Nozha Hospital has a capital of EGP 43.2 million
17 January 04:00 PM Cleopatra mulls takeover of Nozha Hospital
Cairo – Mubasher: The board members of Cleopatra Hospital Co decided to propose a compulsory acquisition offer to purchase 100% of Nozha International Hospital’s shares. The chairman of Cleopatra Hospital and the executive director, collectively …
UAE's Emirates denies plan to buy stake in Pakistan airline
17 January 12:38 PM UAE's Emirates denies plan to buy stake in Pakistan airline
Abu Dhabi – Mubasher: Dubai-based airline Emirates on Wednesday has denied that it had a plan to acquire a stake in any airline after a report claimed two UAE carriers were considering buying a stake of Pakistan International Airlines (PIA), given …
The Residential REIT (IC) Limited’s portfolio hit AED 1.3 billion by the end of 2017.
17 January 10:10 AM Residential REIT completes AED 772m acquisition deals
Abu Dhabi – Mubasher: The Residential REIT (IC) Limited has finalised acquisition transactions at a value of AED 772 million in collaboration with Abu Dhabi Islamic Bank (ADIB), large Saudi institution, and another firm. The Residential REIT (IC) …
Photo Archive
16 January 07:52 PM Tabarak acquires majority stake in Tasweek Real Estate
Dubai - Mubasher: Tabarak Investment announced on Tuesday that it has acquired more than 80% in Tasweek Real Estate Development and Marketing. However, the deal’s value was not revealed in the company’s statement. The company’s CEO, Ahmad Kilani …
Endeavor’s value is about $6.3 billion.
16 January 05:23 PM KSA sovereign wealth fund in talks to buy stake in Endeavor
Riyadh – Mubasher: The Saudi sovereign wealth fund is in talks to purchase a stake in Endeavor, informed sources on Tuesday said. Endeavor is the holding firm for Hollywood talent agency WME. The Saudi Public Investment Fund (PIF) has begun …
The utility of Blockchain is not limited to online trading
15 January 05:45 PM IBC Group buys stake in Acumen Advertising
Dubai – Mubasher: International Blockchain Capital (IBC) Group on Monday announced that it had acquired a stake in Acumen Advertising as part of the group's plans to diversify its activities in 2018, IBC Group said in a statement. “The utility of …
Al Ansari Exchange forms the largest brokerage in the UAE with an operating capital of AED 1.2 billion
15 January 12:48 PM Recently-merged Al Ansari becomes UAE's largest brokerage
Mubasher: Al Ansari Exchange Services has completed merger with Al Ansari Exchange after obtaining the approvals of the regulatory authorities. The new consolidation, Al Ansari Exchange Company, forms the largest exchange and remittance firm in …
KFH has denied the news article published on Bloomberg
11 January 10:38 AM KFH denies Bloomberg news on merger with Bahraini bank
Mubasher: Kuwait Finance House (KFH) has denied the news article published on Bloomberg regarding the merger with Bahrain’s Ahli United Bank (AUB). KFH clarified that no developments regarding the merger with AUB have been registered until 11 …
Palm Hills’ portfolio is comprised of 25 real estate projects
10 January 10:10 AM UAE’s UPP acquires 5.68% stake in Egypt’s Palm Hills
Dubai – Mubasher: Union Properties (UPP) on Wednesday announced that its wholly-owned subsidiary, UPP Capital, has bought a 5.68% stake in Egypt’s real estate pioneer Palm Hills Development. Cairo-based Palm Hills was established in 2005 and it is …
Emicool is currently 50/50 owned by Dubai Investments and Union Properties
9 January 06:05 PM Dubai Investments still eyes Emicool – Source
By: Amr Adel Dubai – Mubasher: Dubai Investments is still interested in acquiring Union Properties’ stake in Emirates District Cooling (Emicool), an informed sourced told Mubasher on Tuesday. The acquisition comes as part of Dubai Investments’ …
Beltone is Zahran Group’s financial advisor
9 January 12:22 PM Egypt’s Zahran Group, France’s Groupe ink merger deal - Beltone
Cairo – Mubasher: Egypt-based Zahran Group has signed an agreement with France’s Groupe SEB on the merger of small electrical appliances and cookware businesses in Egypt. The merger is subject to the approval of the Egyptian regulatory …
Saudi Olayan Investment bought 1.189 million shares
8 January 07:12 PM Saudi Olayan raises stake in Egypt’s GB Auto to 5.05%
Cairo – Mubasher: Saudi Olayan Investment increased its stake in Ghabbour Auto (GB Auto) to 5.05% from 4.94%, EFG Hermes announced on Monday. Hermes added that Olayan purchased 1.189 million shares at an average price of EGP 4.454 per share, …
The transaction will be completed after obtaining regulatory approvals.
7 January 11:38 AM Saudi TADCO to acquire Al-Khalijia Investment's food business
Riyadh – Mubasher: Saudi Arabia-based Tabuk Agriculture Development Company (TADCO) signed a memorandum of understanding (MoU) with Al-Khalijia Investment for Foods to acquire its food business. TADCO plans to transfer the business to a new …
RasGas merger to save $550 million operational cost a year
3 January 06:01 PM Qatar Petroleum - RasGas merger to save $550m operational cost a year
Mubasher: State-run Qatar Petroleum merger of liquefied natural gas (LNG) producers Qatargas and RasGas went into effect as of 1 January 2018, said CEO Saad Al Kaabi in a news conference on Wednesday. The merger will save around QAR 2 billion …
Qatar Reinsurance Company is a subsidiary of Qatar Insurance Company Group (QIC).
3 January 02:20 PM Qatar Reinsurance to acquire Markerstudy Group Insurance
Mubasher: Qatar Reinsurance Company Limited on Wednesday announced signing an agreement to acquire Markerstudy’s Gibraltar-based insurance companies. Under the deal, Qatar Reinsurance’s acquisition includes Markerstudy Insurance Company Limited, …
The acquisition totalled KWD 17.01 million
2 January 03:18 PM Markaz unit buys 29.5% in HEISCO
Mubasher: MHI Holding Co, a subsidiary of Kuwait Financial Centre (Markaz), has acquired a 29.5% stake in Heavy Engineering Industries and Shipbuilding (HEISCO), representing 53.17 million shares. Carried out at KWD 0.320 per share, the …
The deal will be financed through the company’s liquidity
2 January 03:03 PM EK holding to complete Delta Insurance acquisition in Q1-18
Cairo –Mubasher: Egypt Kuwait Holding’s (EK holding) is expected to complete the acquisition of Delta Insurance at a proposed price of EGP 20 per share in the first quarter of 2018, Reuters reported, citing EK Holding's senior investor relations …
Reefy is the first licensed company in Egypt’s microfinance sector
2 January 02:17 PM CI Capital acquires 80% stake in Reefy
Cairo – Mubasher: CI Capital Holding Company on Tuesday announced that it has acquired an 80% stake in Reefy Micro Finance Enterprise Services Company. The Egyptian financial services pioneer firm aims at reinforcing its strategy through this …
EK Holding last announced that it will acquire 99% stake in Delta Insurance’s capital.
2 January 01:46 PM EK Holding’s hits 3-yr high on Delta Insurance acquisition
By: Heba El-Kordy Cairo – Mubasher: Egypt Kuwait Holding’s (EK holding) stock hit its highest level since November 2014 after the firm obtained the regulators' approval to acquire Delta Insurance. EK Holding last announced that it would acquire …
FGF provides financing for the GCC companies
2 January 01:00 PM Kuwaiti FGF acquires 51% stake in Al Raya United
Mubasher: Kuwait-based Future Generations Fund (FGF) announced taking over 51% stake in Al Raya United Insurance Brokerage Company. FGF provides financing for the GCC companies which are specialised in technology and restructuring sector. The Fund …
About 90% of the due diligence of the acquisitions was completed
2 January 12:00 PM Saudi BATIC extends MoU for acquiring stakes in 2 firms
Riyadh – Mubasher: Saudi Arabia-based Batic Investments and Logistics Co (BATIC) extended a memorandum of understanding (MoU) with Abdulkadir Al Muhaidib and Sons and Himmah Group until 31 May 2018 to complete the deal’s documents. About 90% of …
The total value of the deal amounts to SAR 6.27 billion
1 January 06:59 PM Tasnee OGM approves “Cristal” agreement with TRONOX
Riyadh – Mubasher: National Industrialization Company (Tasnee) on Monday announced that its 22nd Ordinary General Assembly Meeting (OGM) approved an agreement with TRONOX Limited, an Australian public joint stock company listed on the New York …
Ooredoo has not started negotiations yet
31 December 2017 00:53 PM Ooredoo mulls acquiring stake in Turk Telekom
Mubasher: Ooredoo, the dual-listed company on Abu Dhabi Securities Exchange (ADX) and Qatar Stock Exchange (QSE), announced on Sunday that the company is still weighing up acquiring a stake in Turk Telekom, but has not started negotiations yet. …
Mubasher highlights the top acquisitions carried out in 2017
28 December 2017 08:06 PM Qatari firms make 11 acquisitions in 2017 – Mubasher report
By: Eman Ghaly In 2017 a number of Qatari companies, both listed and unlisted, carried out acquisitions. In this report, Mubasher highlights the top acquisitions carried out this year: In March, Qatar’s prime minister Sheikh Abdullah bin Nasser …