Tag: Acquisition
Abu Dhabi’s ADQ acquires remaining 20% stake in Daman
Abu Dhabi-based largest holding company ADQ has signed a definitive agreement to acquire the remaining 20 percent equity stake of the National Health Insurance...
Sharjah’s HFZA adds steel giant ArcelorMittal into its investors’ base
Sharjah’s Hamriyah Free Zone Authority (HFZA) has signed an agreement with ArcelorMittal Projects, a unit of the ArcelorMittal Group, to acquire the assets of...
Air India back to Tata Sons after 68 years; Wins bid...
Indian multinational conglomerate, Tata Sons has been selected as the winning bidder for India’s flag carrier, Air India, marking an end to years of...
Abu Dhabi-based ADQ acquires 50% stake in IHC’s Eltizam for $30.4mn
Abu Dhabi-based largest holding company ADQ has acquired a 50 percent stake in Eltizam Asset Management, a subsidiary of UAE’s International Holding Company (IHC),...
Saudi PIF acquires 25% stake in Emaar The Economic City
Saudi Arabia’s sovereign wealth fund, Public Investment Fund (PIF) has acquired a 25 percent stake in Emaar The Economic City (EEC), the master developer...
CBUAE nods for Wizz Financial’s acquisition of UAE Exchange
The Central Bank of the United Arab Emirates (CBUAE) has given in-principle approval for the leading fintech Wizz Financial to buy 100 percent of...
Abu Dhabi’s Agthia completes acquisition of Egyptian meat business Atyab
Abu Dhabi-based leading food and beverage company Agthia has completed the strategic acquisition of a majority stake in the Egyptian processed meat producer Ismailia...
Abu Dhabi’s Aldar-ADQ consortium to buy 90% stake in Egypt’s SODIC
A consortium of Aldar Properties, Abu Dhabi-based property development company, and ADQ, one of the region’s largest holding companies, submitted an all-cash mandatory tender...
