M&A Brief of the Week

ADNOC Logistics & Services

ADNOC Logistics & Services (L&S), the maritime arm of ADNOC, has acquired an Ultramax bulk carrier (Al Karama).

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Dallah Healthcare Company

Dallah Healthcare Company (DHC) has completed the sale and purchase of shares equal to 58.64% in Care Shield Holding Company (CSHC) on 15 November.

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Saudi Enaya Cooperative Insurance

Saudi Enaya Cooperative Insurance Company inked a non-binding memorandum of understanding with Amana Cooperative Insurance Company to evaluate a potential merger between the two companies.

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ABAX

Investcorp announced that its portfolio company ABAX, has acquired Automile, a Nordic-based provider of telematics and internet of things (IoT) services.

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Adwia Pharmaceuticals

The European Bank for Reconstruction and Development (EBRD) announced the acquisition with other partners of Egypt’s Adwia Pharmaceuticals company with total worth of $250 million.

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Madinet Nasr Housing and Development

Madinet Nasr Housing and Development (MNHD) announced signing the final agreement to sell its 98.4% stake in its subsidiary Nasr Utilities and Installations (NUI) to a strategic investor for EGP 30 million.

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NI Capital Holding

NI Capital Holding, a wholly-owned subsidiary of the National Investment Bank (NIB), signed an agreement with Lebanon’s Bank Audi for the acquisition of the online brokerage firm Arabeya Online.

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Saudi Arabian Fertilizer Company

Saudi Arabian Fertilizer Company (SAFCO) approved the board’s recommendation to increase the company’s capital to acquire SABIC Agri-Nutrients Investment Company (SANIC), fully-owned by the Saudi Basic Industries Corporation (SABIC).

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Decypha Contribution Time: 19-Nov-2020 10:10 (GMT)
Decypha Last Update Time: 19-Nov-2020 10:10 (GMT)