M&A Brief of the Week

Al Rajhi Bank

Al Rajhi Bank said it ended and discontinued the merger discussions between its fully-owned subsidiary, Al Rajhi Banking and Investment Corporation (Malaysia) Berhad, and Malaysian Industrial Development Finance Bhd (MIDF).

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Agthia Group

The board of Agthia Group, part of ADQ, has approved to enter into an agreement with General Holding Corporation (Senaat) for the majority of Al Foah Company’s business to be transferred to Agthia.

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Ibnsina Pharma

Ibnsina Pharma signed an agreement to acquire 75% of 3elagi Tech, an application that connects consumers with pharmacies, labs, and healthcare providers, allowing them to order medicine online.

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ADQ

Abu Dhabi-based holding company ADQ has acquired an indirect 45% equity stake in Louis Dreyfus Company BV (LDC), a global merchant and processor of agricultural goods, for an undisclosed amount.

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Raya Holding for Financial Investments

Raya Holding Company for Financial Investments approved a foreign offer to fully acquire its subsidiary, Bariq for Techno and Advanced Industries.

Decypha Contribution Time: 12-Nov-2020 09:20 (GMT)
Decypha Last Update Time: 12-Nov-2020 09:20 (GMT)