Creative Zone
Creative Zone has acquired a stake in InsuranceMarket.ae, the largest consumer insurance brokerage in the UAE.
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Raydan Food Company
Raydan Food Company has approved the partial acquisition of Aljonah for Desserts and Catering during. Raydan’s subsidiary, Al-Rawsha International Sweets, will buy 30% of Aljonah, or six branched of Aljonah.
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Kingdom Investment and Development Company
Kingdom Investment and Development Company, a subsidiary of Kingdom Holding Company, has signed a binding memorandum of understanding with Fawaz Abdulaziz Alhokair Company to purchase its 100% stake in Trade Center Company for cash consideration.
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Oman & Emirates Investment Holding Company
Oman & Emirates Investment Holding Company and The Financial Corporation (Fincorp) have agreed to start discussions for a potential merger between the two financial institutions.
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Vision Investment Company
Dubai-based Vision Investment Company, controlled by the founder of Damac Properties Group, Hussain Sajwani, has bought troubled Italian fashion house Roberto Cavalli.
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Salbookh Trading
Kuwait-based Salbookh Trading has denied receiving any acquisition offers from strategic investors.
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