Saudi Telecom Company
Saudi Telecom Company (stc) signed an agreement with Western Union to sell a 15% equity stake in its fully-owned subsidiary Saudi Digital Payments (stc pay) for $200 million (SAR 750 million).
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Saudi Real Estate Company
Saudi Real Estate Company (Al Akaria) announced the sale of its entire stake in Hail Cement Company (HCC) for SAR 96.9 million.
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Saudi Arabian Amiantit Company
Saudi Arabian Amiantit Company signed two agreements to sell its entire 50% stake in Amitech Morocco for EUR 2.7 million (SAR 12.03 million).
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Agthia Group
Agthia Group has inked a sales purchase agreement to acquire Kuwait's Al Faysal Bakery and Sweets.
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Banque Misr and Al Ahly Capital Holding Company
Banque Misr and Al Ahly Capital Holding Company (ACH), investment arm of the National Bank of Egypt, inked an agreement to equally acquire 40 % of the stocks of the International Business Associates Group for Money Transfer (IBAG), the Western Union's representative in Egypt.
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Gulf Insurance Group
Gulf Insurance Group (GIG) will acquire French insurer AXA Group's operations in the Gulf region and the share of Yusuf Bin Ahmed Kanoo (YBA Kanoo) in AXA Gulf for $474.75 million.
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Bank ABC
Bahrain's Bank ABC has entered into exclusive negotiations with Lebanon’s Blom Bank to acquire its unit in Egypt.
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