Saudia Dairy and Foodstuff Co
Saudia Dairy and Foodstuff Company (SADAFCO) has signed a non-binding Memorandum of Understanding to purchase a controlling stake in Horizon Food Factory Co. from Tabuk Agricultural Development Company.
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Dar Al Takaful
Dar Al Takaful has completed the acquisition of Noor Takaful General and Noor Takaful Family, as their shares have been transferred to Dar Al Takaful.
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ADNOC
Abu Dhabi National Oil Company (ADNOC) has announced the transfer of ownership rights in its Lower Zakum and Umm Shaif and Nasr offshore concessions to China National Offshore Oil Corporation’s (CNOOC) subsidiary CNOOC Limited.
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DP World
DP World has acquired a 60% stake in South Korea-based UNICO Logistics Co., with 25 subsidiaries in 20 countries, to raise the logistics capabilities of the UAE-based global port operator.
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Oman Insurance Co
Oman Insurance Company has fully acquired Dubai Starr Sigorta A.S after buying an additional 49% of the issued and outstanding share capital.
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B Investments Holdings
B Investments Holdings has started initial negotiations to sell 20% of its stake in Total Egypt.
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DAMAC Properties
DAMAC Properties clarified that Damac International Limited has entered a transaction to restructure Muttrah Tourism Development Company.
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Orascom Investment Holding
Orascom Investment Holding S.A.E announced the termination of negotiations between Orascom, Qatari Diar Real Estate Investment Company Q.P.S.C and Bawabet Al Sharq Misr For Real Estate Development S.A.E.
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