Merging and Acquisitions

Al Hammadi will explore a possible acquisition of a stake in Sudair Pharma
4 hours ago Al Hammadi inks acquisition MoU with Sudair Pharma
Riyadh – Mubasher: Al Hammadi Company for Development and Investment has announced signing a memorandum of understanding (MoU) with Sudair Pharma Company for a possible acquisition. The two-month MoU will explore the possible acquisition of a …
“We want to first cement this joint venture (JV)"
18 April 11:41 AM Emaar, Aldar merger not under discussion – Chairman
Abu Dhabi – Mubasher: Merger between Emaar Properties and Aldar Properties is off the table for the time being, Aldar’s chairman Mohamed Khalifa Al Mubarak told CNBC. In March, both companies created an AED 30 billion ($8.1 billion) JV to develop …
In March 2018, NADEC had signed a final agreement to take over 100% of Al Safi Danone Co.
17 April 11:13 AM NADEC awaits regulatory approval to complete acquisition of Al Safi Danone
Riyadh – Mubasher: The Saudi General Authority for Competition (GAC) said that National Agricultural Development Company (NADEC) had submitted a request to obtain its approval on the economic concentration stemming from the dairy firm's …
The two companies did not reach an agreement
15 April 06:38 PM OTMT halts Inertia acquisition talks
Cairo – Mubasher: Orascom Telecom Media and Technology Holding (OTMT) has announced that its negotiations with Inertia for Engineering and Trading over the acquisition of a 51% stake in the company have been suspended.  The two companies did not …
The acquisition is expected to financially impact Takaful Al Emarat’s annual results by the end of 2018
15 April 10:25 AM Takaful Emarat awaits final approval for Al Hilal Takaful acquisition
Dubai – Mubasher: Takaful Al Emarat Insurance Co is anticipating the final approvals to complete the takeover of Al Hilal Takaful, a subsidiary of Al Hilal Bank, which is forecast to take place in the second quarter of 2018, company CEO Fadi Hindi …
The share transfer to EIBank took place as a collateral against financial facilities
15 April 09:50 AM Tabarak Investments transfers 57m shares in DSI to EIBank
Dubai – Mubasher: Drake and Scull International (DSI) on Sunday announced that Tabarak Investment, a subsidiary of Tabarak Commercial Investment, has transferred 57.098 million of its shares in DSI to Emirates Investment Bank (EIBank). The share …
The final transaction value has not been determined yet
12 April 01:02 PM Mazaya Qatar’s subsidiary mulls acquiring Tornado Co
Mubasher: Mazaya Qatar Real Estate Development on Thursday announced that it had approved the proposal submitted from its subsidiary Granada Real Estate Investment Company to acquire the Tornado Company, the West Bay Area-based owned of the …
SODIC is close to acquiring another 500 acres in Sheikh Zayed
12 April 11:24 AM SODIC to mull MNHD merger, acquisition offer next week
Cairo – Mubasher: Sixth of October for Development and Investment’s (SODIC) board of directors will be meeting next week to discuss Madinet Nasr Housing and Development’s (MNHD) merger or acquisition proposal. Collaboration between both firms …
SODIC is determined to expand its business
11 April 01:47 PM SODIC welcomes MNHD offer
Cairo – Mubasher: Sixth of October for Development and Investment (SODIC) on Wednesday welcomed to enter preliminary negotiations with Madinet Nasr Housing and Development (MNHD) to discuss possible collaboration. SODIC is determined to expand its …
MNHD holds a 7.5% stake in BPE Holding,
11 April 01:17 PM Madinet Nasr Housing mulls SODIC mergers, acquisition – BPE Holding
Cairo – Mubasher: BPE Holding for Financial Investments on Wednesday has said that Madinet Nasr Housing and Development (MNHD) is contacting Sixth of October for Development and Investment (SODIC) to consider possible opportunities for mutual …
The Turkey-based commercial bank has completed all the required transactions
11 April 01:03 PM Emirates NBD still in talks over buying $5.3bn Turkey's Denizbank
Dubai – Mubasher: Emirates NBD is still negotiating with Russian Sberbank to acquire a majority stake in its Turkish unit, Denizbank, in consideration of $5.3 billion (AED 19.47 billion). The Turkey-based commercial bank has completed all the …
Qatar Airways acquires stake in US JetSuite
11 April 11:38 AM Qatar Airways acquires minority stake in US JetSuite
Mubasher: Qatar Airways announced the acquisition of a minority stake in JetBlue-backed private jet company JetSuite Inc. As per the deal, the Doha-based carrier would also join JetBlue Airways, in addition to a number of private investors with …
BWC Aviation bought UPAC’s shares for a combined value of KWD 19.59m
11 April 10:44 AM BWC Aviation buys 31m shares in UPAC
Mubasher: United Projects Company for Aviation Services (UPAC) on Wednesday announced that BWC Aviation had acquired 31.09 million shares in the company through an initial public offering (IPO). The acquisition aims at increasing UPAC’s capital, …
Madinet Nasr Housing is considering merging with or acquiring SODIC
10 April 07:03 PM Madinet Nasr Housing mulls SODIC merger, acquisition
Cairo – Mubasher: Madinet Nasr Housing and Development on Tuesday unveiled plans that it was considering merging with or acquiring Sixth of October for Development and Investment (SODIC). The company further revealed that it had appointed EFG …
Adeptio currently owns a stake of 93.4% in Americana
10 April 04:11 PM Egypt’s Financial Supervisory exempts Adeptio from takeover deal
Mubasher: Kuwait Food – Americana announced that Adeptio AD Investments has submitted a request to the Egyptian Financial Supervisory Authority to exempt it from proposing a compulsory takeover of Americana’s subsidiaries in Egypt. The Egyptian …
Warba sold 100,000 shares in Al Arabia Co. for KWD 502,500
8 April 04:41 PM Warba Insurance sells stake in Al Arabia Co. at $1.7m
Mubasher: Warba Insurance on Sunday announced the sale of its entire stake in Al Arabia Company for Real Estate Development. The insurance company sold 100,000 shares in Al Arabia Co. for KWD 502,500 ($1.7 million) to Bukhamseen Holding, according …
The potential deal stressed the strong relations between Qatar and Russia
4 April 05:21 PM Qatar Airways inks MoU to buy 25% stake in Vnukovo Airport
Mubasher: Qatar Airways on Wednesday signed a memorandum of understanding (MoU) to acquire a 25% stake in Vnukovo International Airport in Moscow. The MoU was inked by Akbar al-Baker, Qatar Airways group chief executive, and Vitaly Vantsev, …
CBQ's stake in the UAB is worth AED 1 billion ($270 million).
3 April 12:50 PM CBQ extends time for selling 40% stake in UAB
Mubasher: Commercial Bank of Qatar (CBQ) has agreed upon extending the time for selling its 40% stake in Abu Dhabi-listed United Arab Bank (UAB) to the UAE-based Tabarak Investment. The stake of Qatar’s third-largest bank by assets in the UAB is …
The financial services sector recorded $4.5 billion in M&A deals
2 April 08:41 PM MENA’s mergers, acquisitions drop 57.6% in 2017
Mubasher: Mergers and acquisitions (M&A) in the Middle East and North Africa Region (MENA) dropped 57.6% in 2017, registering $16 billion, compared to $37.8 billion in 2016. Top active sectors in MENA in terms of M&A deals were the financial …
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31 March 11:45 PM ADNOC targets stake in new Indian refinery
Mubasher: Abu Dhabi National Oil Company (ADNOC) is interested in acquiring a stake in the Planned West Coast Refinery in India. ADNOC aims at refining 70 million tons of crude oil through the facility between 2018 and 2019. The company recently …
OTMT holds a 99.99 stake in MENA Submarine Cable.
28 March 04:29 PM Sawiris’ OTMT to sell $90m stake in MENA Submarine Cable
Cairo – Mubasher: Orascom Telecom Media and Technology Holding (OTMT) will sell its shares in MENA Submarine Cable for $90 million. Last December, the Egypt-based company announced that it was on the verge of completing the due diligence related …
Most of the acquisition will be implemented through raising capital
28 March 01:30 PM OTMT to complete 51% stake acquisition in Inertia within 2 weeks
Cairo – Mubasher: Orascom Telecom Media and Technology Holding’s (OTMT) will finalise the acquisition of a 51% stake in Inertia for Engineering and Trading within two weeks. OTMT is currently putting the finishing touches to the transaction and …
Trust Bank Algeria approved the amendment of Memorandum of Association.
27 March 01:09 PM QGRIC officially owns 20% of Trust Bank Algeria
Mubasher: Qatar General Insurance & Reinsurance Company (QGRIC) on Tuesday announced that Trust Bank Algeria approved the amendment of Memorandum of Association. The new adjustment, which was also approved by the Central Bank of Algeria, enables …
Qatar's Emir Tamim bin Hamad arrived in Moscow on Sunday
26 March 03:34 PM Qatar Airways to buy 25% stake in Vnukovo Airport
Mubasher: Qatar Airways on Monday signs an agreement to acquire a 25% stake in Vnukovo Airport in Moscow, chief executive of the state-owned airline Akbar al-Baker said. The deal will be completed within two months from the signing date, Al Baker …
This selling transaction was concluded on Sunday, 25 March
26 March 03:29 PM Kuwait’s Global exits stake in MSM-listed Al Jazeera Steel
Mubasher: Global Capital Management (GCM), the alternative asset management arm of Kuwait’s Global Investment House, has executed a successful exit of its controlling stake in Al Jazeera Steel Products Company, Omani company listed on Muscat …