Speed Hospitals Company
Speed Medical Company announced that its subsidiary Speed Hospitals Company as well as local and foreign investors acquired 100% of the shares of the New Al Safwa Specialized Hospital Company in a deal worth EGP 185 million. Speed Hospitals will hold a stake of 50% in New Al Safwa Specialized Hospital Company.
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Raya Holding
Raya Holding for Financial Investments announced the completion of acquisition of Itsalat International – Egypt (i2) and United Retail Company (URC) by its subsidiaries Raya Distribution and Raya Electronics.
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ADNOC Distribution
The board of Abu Dhabi National Oil Company for Distribution (ADNOC Distribution) will consider two transactions to acquire fuel distribution assets in Saudi Arabia in exchange for $8 million and $7.5 million, respectively.
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Banque Misr
The Egyptian Financial Regulatory Authority (FRA) said Banque Misr has submitted a draft mandatory tender offer (MTO) to acquire a controlling stake in CI Capital Holding For Financial Investments.
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Jazadco
Jazan Energy and Development Company (Jazadco) announced receiving a go-ahead from the GAC to acquire all of the partners’ shares in Jazel Investments Company.
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Saudi Arabian Military Industries
The Saudi General Authority for Competition (GAC) has approved the economic concentration between the Saudi Arabian Military Industries (SAMI) and Advanced Electronics Company (AEC).
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