Alawwal Bank
Alawwal Bank formally merged with Saudi British Bank (Sabb).
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SAJ Investment
SAJ Investment Company announced its acquisition of a controlling stake in HEMA Energy Group.
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Jazan Energy
Jazan Energy and Development Company (Jazadco) has signed a memorandum of understanding (MoU) with Jabal Ohod Holding to study the acquisition of the company.
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MKM Commercial Holdings
MKM Commercial Holdings has acquired Raycom Engineering Systems.
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Emirates Integrated Telecommunications Co (DU)
Mamoura Diversified Global Holding and General Investments FZE sold a total of 463.26 million shares in Emirates Integrated Telecommunications Company (DU) to the Emirates Investment Authority (EIA).
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Abu Dhabi National Oil Company (ADNOC)
Abu Dhabi National Oil Company (ADNOC) and Dutch OCI are in talks to merge their Middle Eastern fertiliser businesses.
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Egyptian Media Production City Co
Egyptian Media Production City Co’s board of directors approved initiating negotiations to acquire stakes of four companies in Arabian Hospitality Company.
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Arab Dairy Products Co
Arab Dairy Products Co. (Panda) announced that Dutch Friesland Campina International Holding has submitted a request for the acquisition of the entire shares of the Egyptian company.
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ElSewedy Electric Company
ElSewedy Electric Company announced entering into a share purchase agreement with R.F. Energy S.A, which is a subsidiary of F.G Europe S.A., to acquire the whole stake of the share capital of four companies in Greece for a total consideration of €55 million.
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Managem
Managem has completed the acquisition of Tri-K gold project in Guinea after the acquiring the remaining 30% stake in the JV from its partner Avocet Mining.
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Heliopolis Company for Housing and Development
Heliopolis Company for Housing and Development will offer a 22% stake of its shares on the Egyptian Exchange, half of which will be sold to the investor. The plan still needs the approval of the company’s general assembly.
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