M&A Brief of the Week

Dubai Islamic Bank

Dubai Islamic Bank (DIB) has successfully completed the integration of Noor Bank with its banking activities.

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Mubadala

Mubadala will acquire a stake in Abu Dhabi-based Group42 (G42) by integrating Injazat and Khazna Data Centers (Khazna) in the business activities of G42.

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EdTech company

A Dubai-based global EdTech company, Library 21 Holdings, has acquired the UK's Inspirational Development Group (IDG).

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Abu Dhabi Commercial Bank

Abu Dhabi Commercial Bank (ADCB) has agreed to sell its 49% stake in UAE's Orient UNB Takaful and 20% stake in Egypt's Orient Takaful to Orient Insurance Company, part of the Al Futtaim Group.

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Emirates NBD

Emirates NBD confirmed that it was in discussion with Lebanon’s Blom Bank for potential acquisition of its Egyptian subsidiary.

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Public Investment Fund

Saudi Arabia’s Public Investment Fund (PIF) has signed definitive documentation to take over a 2.04% equity stake in Reliance Retail Ventures Limited (RRVL), India’s market-leading at-scale physical retail business, for $1.3 billion.

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Decypha Contribution Time: 08-Nov-2020 08:39 (GMT)
Decypha Last Update Time: 08-Nov-2020 08:39 (GMT)