M&A Brief of the Week

Shuaa Capital

Shuaa Capital and Abu Dhabi Financial Group announced their approval to merge in a deal that would create a listed entity with Dh47 billion assets.

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ACWA Power

China's Silk Road Fund has acquired 49 % stake in ACWA Power's renewable energy.

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MetLife AIG ANB

MetLife AIG ANB Cooperative Insurance Co signed a non-binding memorandum of understanding with Walaa Cooperative Insurance Co for a potential merger.

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Emerging Markets Property Group

Mubawab that was acquired by Emerging Markets Property Group has acquired Jumia House’s Maghreb assets

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Swvl

Swvl has raised $42 million worth of funding to expand its operations into other parts of Africa.

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Kingdom Holding Co

Kingdom Holding Co has approved the acquisition of 4.76 million shares in Lyft, a US transportation network company.

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Cairo Investment and Real Estate Development

Cairo Investment and Real Estate Development announced that it would acquire 60% of the UAE’s DMCC.

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Tourism Enterprise Co

Tourism Enterprise Company (Shams) has finalised the acquisition of a 53% stake in Hemaia Group.

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Prime Holding

Prime Holding has approved a proposal to buy two subsidiaries of Pharos Holding For Financial Investments.

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Al Aman Investment

Al Aman Investment announced that it has completed the acquisition of First Education Company (FEC).

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Al Gassim Investment Holding

Al Gassim Investment Holding Company will acquire a 67.1% stake in Advanced Bakeries.

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The Saudi Arabian Military Industries Co

The Saudi Arabian Military Industries Company (SAMI) has acquired a 100% stake in the Advanced Electronics Company (AEC).

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Egyptian International Pharmaceutical Industries

Egyptian International Pharmaceutical Industries (EIPICO) announced its approval to purchase 4.78 million shares in Medical Union Pharmaceuticals (MUP).

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Oman Telecommunications

Oman Telecommunications (Omantel), and Integrated Telecommunications Oman announced purchasing 40 % shares in Majan Telecommunication (Renna Mobile).

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Decypha Contribution Time: 27-Jun-2019 14:17 (GMT)
Decypha Last Update Time: 27-Jun-2019 14:17 (GMT)