Speed Medical Co
Speed Medical Company approved the acquisition of all the shares of Haya Labs which has five branches in Qena for EGP 4 million.
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PwC Middle East
PwC Middle East has inked an asset purchase agreement to acquire Tyconz’s enterprise business application operations.
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Ekttitab Holding
Ekttitab Holding has sold its 99% capital share of one of its subsidiaries 'Arabian Pen Educational Company' at a total value of KWD 450,000.
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The Saudi Industrial Export Company
The Saudi Industrial Export Company has sold its 3.846% stake in Warehousing and Logistics Services Co for SAR 4 million, or SAR 4 per share.
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Saudi Enaya Cooperative Insurance Company
Saudi Enaya Cooperative Insurance Company has started initial discussions with Amana Cooperative Insurance Company to explore the possibility of a merger between the two companies.
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Gulf Union Cooperative Insurance Company
Gulf Union Cooperative Insurance Company approved merging the company with Al Ahlia Insurance Company through issuing 0.646 shares in Gulf Union for every share in Al Ahlia.
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Agthia Group
The board of Agthia Group has received an offer from General Holding Corporation (Senaat), a part of ADQ and the sole shareholder of Al Foah Company, for the majority of Al Foah’s business to be transferred to Agthia.
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SAFCO
Saudi Arabian Fertilizer Company (SAFCO) received the Capital Market Authority’s approval to increase its capital to SAR 4.760 billion from SAR 4.166 billion to acquire SABIC Agri-Nutrients Investment Company (SANIC), fully-owned by the Saudi Basic Industries Corporation (SABIC).
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Dallah Healthcare Company
Dallah Healthcare Company (DHC) announced receiving a no-objection letter from the General Authority for Competition to complete the economic concentration transaction and acquire 78.59% of Makkah Medical Center Company’s capital.
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The National Commercial Bank
The National Commercial Bank (NCB) has entered into a legally binding merger agreement with Samba Financial Group to take the necessary steps to implement a merger between the two banks.
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