M&A Brief of the Week

Aramco

Talks over Saudi Aramco’s acquisition of a 20% stake in India’s Reliance Industries have stalled over price.

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Amanat Holdings

Amanat Holdings is discussing selling Middlesex University’s campus in Dubai to Study World Education Holding Group.

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Union Properties

Union Properties announced that the sale of Palm Hills Development Company shares, owned by its subsidiary, to the Arab African International Bank (AAIB) was not executed through the company.

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The National Bank of Egypt

The National Bank of Egypt (NBE) has submitted an offer to acquire a minority stake in Aman Financial Services, a subsidiary of Raya Holding for Financial Investment.

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Siraj Holding

Siraj Holding has acquired Al Hilal Takaful from Al Hilal Bank, a wholly-owned subsidiary of Abu Dhabi Commercial Bank.

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EDGE

Abu Dhabi-based EDGE has signed a conditional agreement to acquire the remaining 40% stake of Lockheed Martin Corporation and its subsidiary Sikorsky in Advanced Military Maintenance Repair and Overhaul Centre (AMMROC).

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Decypha Contribution Time: 26-Jul-2020 08:16 (GMT)
Decypha Last Update Time: 26-Jul-2020 08:16 (GMT)