Tag: Acquisition
Elon Musk to withdraw $44bn bid to buy Twitter alleging deal...
Billionaire Mr. Elon Musk is seeking to withdraw the $44 billion bid to buy the American microblogging platform, Twitter, alleging multiple breaches of the...
Careem acquires Dubai-based money transfer platform Denarii
Careem, a Dubai-based vehicle for hire company, has acquired assets of Denarii, a leading money transfer platform in the region, that integrates fintech and...
Careem acquires UAE’s subscription-based food delivery platform MUNCH:ON
Dubai-based vehicle for hire company, Careem has acquired the UAE-based subscription-based food delivery platform, MUNCH:ON.
Founded in 2016, MUNCH:ON connects customers to meals at a...
Abu Dhabi’s Al Seer Marine acquires 2 VLCCs for $110mn to...
Al Seer Marine, an Abu Dhabi-listed marine company engaged across multiple marine sectors, has acquired two Very Large Crude Carriers (VLCC) worth $110 million...
UAE’s IHC acquires 25% stake in Dubai-based Invictus Trading
Abu Dhabi-based investment firm, International Holding Company (IHC) has acquired a 25 percent stake in Dubai-based international trading company Invictus Trading through one of...
Abu Dhabi’s Mubadala & EQT Private Equity to acquire Swedish firm...
Abu Dhabi-based global investor Mubadala Investment Company and EQT X fund (EQT Private Equity) have agreed to acquire Swedish medical freight firm Envirotainer from...
Oman’s Al Maha Ceramics acquires 45% stake in Al Hael Ceramics...
Al Maha Ceramics Company, one of the largest floor wall floor tiles producing companies in Oman, has signed an agreement to purchase a 45...
UAE-based DAMAC Group acquires Swiss luxury jeweler de GRISOGONO
UAE-based leading business conglomerate, DAMAC Group has purchased the Switzerland-based jewelry brand, de GRISOGONO.
The brand, which filed for bankruptcy in early 2020, was identified...
