Vodafone
British telecoms group Vodafone had agreed to sell its 55% stake in its Egyptian unit to Saudi Telecom Company STC for $2.4 billion.
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Raya Holding
Raya Holding for Financial Investment has announced that it received 24 offers from local and international companies for the acquisition of a minority stake in its subsidiary Aman Holding for Non-Banking Financial Services.
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Walaa Cooperative Insurance
Walaa Cooperative Insurance Company has approved the proposed merger with MetLife AIG ANB.
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Boubyan Bank
Boubyan Bank announced that it has received approvals from around 39.5% of the Bank of London and The Middle East Holdings (BLME Holdings) shares for its acquisition offer.
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Burgan Bank
The Central Bank of Iraq has approved the sale of Burgan Bank’s 51.8% stake in Bank of Baghdad to United Gulf Holding Company, a sister company of the Kuwait-based bank and another subsidiary of the Kuwait Projects Holding Company.
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Egyptian Financial Group Hermes Holding
The Egyptian Financial Group Hermes Holding announced that it acted as the sole financial advisor for Pakistan’s United Bank Limited in selling its unit in Tanzania to Exim Bank.
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Dice Sport and Casual Wear
Dice Sport and Casual Wear denied reports on talks for a stake sale and a potential merger with a company operating in the apparel sector.
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