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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