Maple Invest Co
Maple Invest Co. Limited announced that it is exploring the potential acquisition of 100% of the issued and paid-up capital of DAMAC Properties Dubai.
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Americana Egypt
The Egyptian FRA approved a request to publish the mandatory tender offer submitted by Americana Group, a subsidiary of Adeptio, to acquire the remaining minority interest in the Egyptian Company for International Touristic Projects (Americana Egypt).
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Saudi Telecom Company
The Saudi Telecom Company (STC) said that it will need an additional two months to complete a deal to purchase a 55% stake in Vodafone Egypt.
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Al Mal Investment
Al Mal Investment announced that its 40.25%-owned subsidiary Diyar Al Kuwait Real Estate Co acquired a 50.82% stake in Egypt’s MSG Developments.
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Qatar Airways
Qatar Airways desires to acquire shares in Tunisian Airlines, as part of the expansion project of Qatar Airways at the international level.
The Arab African International Bank
The Arab African International Bank (AAIB) has acquired a 12.25% stake in Palm Hills Developments (PHD). The transaction involved the purchase of 381.9 million shares for EGP 544.2 million at an average price of EGP 1.43 per share.