Speed Medical Company
Speed Medical Company announced that its 80.25%-owned subsidiary Speed Hospitals signed an alliance agreement with medical investment-specialised LimeVest Fund and Tawasol, a subsidiary of the Saudi Elaj Group, for the acquisition of Alexandria Medical Services - Alexandria New Medical Center.
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AlAhli Takaful Co
AlAhli Takaful Company and Arabian Shield Cooperative Insurance both signed a memorandum of understanding for a potential merger between the two entities.
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Maharah Human Resources Company
Maharah Human Resources Company signed a non-binding memorandum of understanding to acquire a 90% majority interest in Spectra Support Services Company.
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International Holdings Company
International Holdings Company (IHC) has completed the acquisition of a 45% stake in Alpha Dhabi Holding, formerly known as Trojan Holding.
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First Abu Dhabi Bank
First Abu Dhabi Bank (FAB) is expected to complete its acquisition of Bank Audi Egypt before the end of 2021, pending the approval of the Central Bank of Egypt (CBE).
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Cleopatra Hospitals Group
Cleopatra Hospitals Group (CHG) announced its intention to acquire Abu Dhabi Commercial Bank’s (ADCB) 51.5% stake in Alexandria Medical Services - Alexandria New Medical Center.
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Agthia Group
The UAE-based Agthia Group expects to receive the necessary regulatory approvals to complete the acquisition of a 75.02% stake in the Egypt-based Ismailia Investments (Atyab) during June or July.
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Egyptian Financial Group Hermes Holding
Egyptian Financial Group Hermes Holding (EFG Hermes) approved an acquisition deal in partnership with the Sovereign Fund of Egypt to purchase 76% of the Arab Investment Bank (aiBANK).
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Six of October Development and Investment
The board of directors of Six of October Development and Investment (SODIC) approved the appointment of EFG Hermes and an international investment bank as financial advisors to study the preliminary acquisition offer submitted by an alliance led by Aldar Properties.
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