EFG Hermes
The Egyptian Financial Group Hermes Holding (EFG Hermes), said Vortex Energy, which is managed by Beaufort Investments s.a.r.l, has sold its controlling stake in Vortex Solar.
Beaufort Investments is affiliated to the direct investment sector of EFG Hermes.
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ADQ
ADQ has acquired around 22% of the issued share capital of Aramex.
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Petrochem
The board of the National Petrochemical Company (Petrochem) approved to begin initial talks with the Saudi Industrial Investment Group (SIIG) to study the economic feasibility of merging the two companies.
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National Building and Marketing Company
The National Building and Marketing Company has extended a memorandum of understanding (MoU) to acquire the entire capital of Al-Kharj Union Company for Metal Casting at an initial sum of SAR 20 million.
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National Energy Services Reunited
National Energy Services Reunited (NESR) Corporation has acquired Egypt’s Sahara Petroleum Company (Sapesco) for $21 million.
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Ahli United Bank
The Egyptian Financial Regulatory Authority (FRA) approved the purchase offer submitted by Ahli United Bank – Bahrain (AUB Bahrain) and Misr Strategia Investment (MSI) to acquire Ahli United Bank - Egypt (AUB Egypt).
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Alizz Islamic Bank
Alizz Islamic Bank said it has successfully completed all the processes related to the integration of Al Yusr Islamic Banking within Alizz Islamic Bank.
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