M&A Brief of the Week

Egyptian Media Production City Co

Egyptian Media Production City Co has approved to purchase Banque Misr’s stake in Arabian Hospitality Co.

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Dallah Healthcare Company

Dallah Healthcare Company signed a Memorandum of Understanding to acquire a majority stake of Makkah Medical Center Company.

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Aramco

The Saudi Arabian Oil Company has obtained an unconditional approval from the European Union’s antitrust entities for its $69 billion planned acquisition of 70% stake in the Saudi Basic Industries Corporation (SABIC).

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Kuwait Finance House

Kuwait Finance House has submitted the document for its acquisition offer for 100% of Ahli United Bank capital shares.

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Farnek

Dubai-based Farnek has completed the acquisition of Certis Guarding Services.

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Afkar Holding

National Consumer Holding Company has received a letter of intent from Afkar Holding, a subsidiary of Gulf Investment House, to acquire Al Watania Paper Products Company.

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The Securities House

The Securities House has declared its merger resolution with Al Aman Investment.

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The Filling and Packing Materials Manufacturing Company

The Filling and Packing Materials Manufacturing Company has signed an agreement with Erad Investment Company to acquire the full minority shareholding at its subsidiary, FPC Industries Company.

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The Egyptian Natural Gas Company

The Egyptian Natural Gas Company has sold 11% of its stakes in Town Gas’s shares to Egypt Gas.

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Decypha Contribution Time: 05-Mar-2020 10:44 (GMT)
Decypha Last Update Time: 05-Mar-2020 10:44 (GMT)