Uber
The Egyptian Competition Authority approved ride-sharing app Uber’s acquisition of its competitor Careem.
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GEMS Egypt for Education Services
GEMS Egypt for Education Services has acquired a majority stake in Option Travel, a leading transportation provider in the Egyptian market.
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Bawan Company
Bawan Company announced that the date of a planned merger between two of its subsidiaries has been rescheduled to the first quarter of this year.
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Walaa Cooperative Insurance
The Saudi Capital Market Authority has approved Walaa Cooperative Insurance Company’s request to increase its capital to merge MetLife AIG ANB Cooperative Insurance Company into its business.
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Al Bareeq Holding
Al Bareeq Holding has fully purchased the Kuwaiti firm, Qemam Company for trading, at a value of KWD 13.61 million.
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Reacap Financial Investments
Reacap Financial Investments approved to purchase the entire stake of Naeem Holding for Investments in Naeem Consulting Services which represents 98%.
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Qatar Airways
Qatar Airways has acquired the Sheraton Melbourne Hotel, further expanding the portfolio of its hospitality division, Dhiafatina Hotels.
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Al Ahly Capital Holding
Al Ahly Capital Holding Company, the investment arm of the National Bank of Egypt, acquired 100% of Pharos Securities.
