Merging and Acquisitions

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19 November 09:13 PM Jabal Omar appoints Goldman Sachs as advisor for merger
Riyadh - Mubasher: Jabal Omar Development has announced appointing Goldman Sachs - Saudi Arabia as the financial advisor for its merger with Umm Al Qura for Development and Construction Company. Jabal Omar revealed that the deal is still under …
Viva Vahrain has launched its services in March 2010
19 November 05:44 PM Viva Bahrain intends to acquire KFH subsidiary
Mubasher: Kuwait Finance House (KFH) said that Viva Bahrain presented an offer to acquire Menatelecom Bahrain, a subsidiary of KFH – Bahrain, an affiliate to KFH. The Bahraini company proposed the takeover offer to the Telecommunications …
Mubadala Development will acquire 50.1% of Invepar
17 November 06:28 PM Mubadala Development eyes majority stake in Brazil’s Invepar
Dubai – Mubasher: Mubadala Development on Friday announced a binding offer to acquire a majority stake in the Brazilian infrastructure company Invepar, including pumping capital and purchasing shares owned by pension funds. Under the deal, …
UAE’s Abraaj Group to implement acquisition in Turkey in H1-18
16 November 09:29 AM UAE’s Abraaj Group to implement acquisition in Turkey in H1-18
Dubai – Mubasher: The UAE-based, The Abraaj Group said on Wednesday that it will implement at least one acquisition in Turkey during the first half of 2018. The Abraaj Group plans to invest the rest of its money in a fund in Turkey which amount to …
EFSA refuses ADM International’s bid to acquire National Maize
14 November 03:23 PM EFSA refuses ADM International’s bid to acquire National Maize
Cairo – Mubasher: The Egyptian Financial Supervisory Authority (EFSA) has refused the bid presented by ADM International SARL to acquire the National Company for Maize Products, the Egyptian Exchange (EGX) said in a statement on Tuesday. The EGX …
Invest Bank became a main shareholder in Amanat
14 November 11:40 AM Invest Bank raises stake in UAE's Amanat; Astro AD Cayman exits
Dubai – Mubasher: The Dubai Financial Market (DFM) on Tuesday carried out two major transactions for a combined 340 million shares in Amanat Holdings, which account for 13.6% of the company’s shares in consideration of AED 414.45 million Following …
13 November 01:27 PM Mubadala Investment in talks over Brazil acquisitions
Abu Dhabi – Mubasher:  Mubadala Investment is negotiating acquisitions in natural gas companies in Brazil, said Musabbeh Al Kaabi, Mubadala’s petroleum and petrochemicals CEO. The company’s exploration and production unit is working on many …
The transaction came as a part of a deal announced on 12 November
13 November 11:25 AM Waha Capital nods selling of stake in NPS Holdings to NESR
Abu Dhabi – Mubasher: Waha Capital on Monday announced that it agreed to sell all of its stake in NPS Holdings to National Energy Services Reunited (NESR). The deal was closed in consideration of around AED 251 million and about 5.5 million shares …
Omantel is now the second largest shareholder in Zain Group
13 November 01:24 AM Omantel raises stake in Zain to 22%
Mubasher: Oman Telecommunications (Omantel) has won an auction for 12.1% stake in Zain, thus becoming the second largest shareholder in Zain Group with a 21.9% stake, after the Kuwait Investment Authority, which owns a 24.60% stake. The total …
Combined, Arisaig and its subsidiaries collectively own 4.79% in Edita
12 November 12:43 PM Arisaig Global acquires $4.1m shares in Edita
Cairo – Mubasher: Three of Arisaig’s subsidiaries have collectively acquired 938,500 global depository receipts (GDRs) – or shares - in Edita Food Industries at a total value of $4.1 million. Arisaig Global Emerging Markets Consumer Fund Limited …
Accumulated stocks in the acquisition reached 61.65 million shares
12 November 09:21 AM Boubyan Petrochemical stake in Educational Holding Group rises to 56.67%
Mubasher: Boubyan Petrochemical on Sunday announced the completion of its stock accumulation period for purchasing Educational Holding Group’s shares. The stock accumulation period commenced Tuesday, 10 October and ended 9 November. Accumulated …
Tristar Group will be operated within a new structure
8 November 05:47 PM UAE’s Tristar Group sells $100m stake to Kuwait's GIC
Dubai – Mubasher: Tristar Group on Wednesday announced selling $100 million worth of shares to Kuwait’s Gulf Investment Corporation (GIC). The deal aims to promote Tristar’s expansion and growth in the future, according to a company statement. …
Aman’s CEO stated that the company would focus in modifying insurance rates
8 November 11:56 AM UAE's Aman sells 10% stake in Boubyan Takaful Insurance
Dubai – Mubasher: Dubai Islamic Insurance and Reinsurance Company (Aman) on Wednesday announced the closing of a deal to sell its 10% stake in Kuwait’s Boubyan Takaful Insurance Company, according to a filing to the Dubai Financial Market (DFM). …
AIG is the manager and the operator of Queen Alia International Airport in Jordon
7 November 12:54 PM NIG gets offer to sell 24% stake in AIG
Mubasher: The National Industries Group Holding (NIG) on Tuesday announced, through a subsidiary, that it received an offer from its partners looking to acquire NIG's 24% stake in Airport International Group (AIG).  NIG will announce the total …
CEO of Saudi Electricity Company Ziyad Al Shiha
6 November 08:40 PM SoftBank acquisition of stake in Saudi Electricity subject to PIF approval
Riyadh - Mubasher: The CEO of Saudi Electricity Company (SEC) said that the Public Investment Fund (PIF) has the final say in approving selling a stake in SEC to the SoftBank Vision Fund, as it owns a majority stake in the company. Ziyad Bin …
Cathay Pacific enjoys a good reputation among the aviation sector
6 November 02:23 PM Qatar Airways acquires 9.6% of China’s Cathay Pacific
Mubasher: Qatar Airways on Monday announced that it is about to sign an agreement with Cathay Pacific Airways to buy 9.61% stake in the airline or around 378.19 million stocks later in the day in Hong Kong. Akbar Al Baker, CEO of Qatar Airways, …
Nafais’ stock closed Thursday in the green
2 November 02:46 PM Kuwaiti Nafais sells Children’s Garden to Saudi firm for $2.6m
Kuwait - Mubasher: Nafais Holding on Thursday announced its board’s approval for the offer presented by Awj Real Estate to buy The Children’s Garden School in Saudi Arabia.   The school sale will be conducted at SAR 9.75 million or KWD 784,000 …
Elaj is planning to acquire two more hospitals in Egypt
1 November 06:43 PM Saudi Elaj Group acquires 15% of Egypt's Al O'youn Al Dawli
Cairo – Mubasher: Saudi Arabia’s Elaj Group announced acquiring a 15% stake in Egypt's Al O'youn Al Dawli Hospital (International Eye Hospital). Elaj is planning to acquire two more hospitals in the coming period, in addition to Tiba Lab, …
Al Salam's subsidiary has purchased a stake of 20.56% in Jiyad
1 November 03:43 PM Ekttitab, Al Salam subsidiaries own controlling stakes in Jiyad
Mubasher: Ekttitab Holding and Al Salam Group Holding, which are listed on Boursa Kuwait and the Dubai Financial Market (DFM) disclosed that their subsidiaries have owned a controlling stake in Jiyad Holding Co. Al Salam has announced that its …
he Saudi group purchased the shares owned Mohsen Abu Al Ghar and his daughters
31 October 11:54 AM Saudi Elaj acquires 74% of Egyptian Cairo Lab
Cairo – Mubasher: The Saudi Elaj Group for Medical Services on Tuesday announced that it acquired 74% of the shares of the Egyptian Cairo Lab Clinical Laboratory, worth EGP 36 million. The Saudi group purchased the shares owned Mohsen Abu Al Ghar …
ADNIC recently opened its new office in London
30 October 08:57 PM ADNIC to expand in Europe, Asia - VP
By: Amr Adel Abu Dhabi - Mubasher:  Abu Dhabi National Insurance Company (ADNIC) is planning to expand in Asian and European markets, as part of a plan to geographically diversify its income resources, said the executive vice president, Abdulla Al …
After the acquisition, Kuwaiti European became the biggest minority shareholder in Ajwan
30 October 12:34 PM Kuwaiti European acquires 29% of Ajwan
Mubasher: Kuwaiti European Holding Group on Monday announced that it acquired  29.046% of the indirect shares of Ajwan Gulf Real Estate, at the trading’s close on Sunday, 29 October. After the acquisition, Kuwaiti European became the biggest …
Al Khair to sell stake in Zain to Omantel
26 October 10:54 AM Al Khair to sell stake in Zain to Omantel
Kuwait – Mubasher: Mobile Telecommunications (Zain) said that Al Khair National for Stocks and Real Estate Company has signed an agreement to sell its stake in Zain to Oman Telecommunications (Omantel). The deal has been signed on Thursday, 26 …
Gulf Navigation will sign a MoU to support the group’s future vision
25 October 09:07 AM Gulf Navigation allocates AED 550m for new acquisitions
Dubai – Mubasher: Gulf Navigation Holding has allocated AED 550 million for new acquisitions inside and outside the UAE, board member and CEO Khamis Juma Buamim told Al-Bayan News. The company listed on the Dubai Financial Market (DFM) will focus …
Cisco Systems is the biggest networking gear manufacturer in the world
23 October 08:44 PM Cisco acquires BroadSoft in $1.9bn deal
Mubasher: Cisco Systems announced on Monday that it has reached an agreement to acquire BroadSoft for $1.9 billion, CNBC reported. The world’s largest networking gear manufacturer would pay $55 per share, in cash, the news network noted, adding …