M&A Brief of the Week

Jazan Energy and Development Company

Jazan Energy and Development Company (Jazadco) signed a binding agreement to acquire all the shares of Jazel Investments Limited.

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Raya Holding for Financial Investments

Raya Holding for Financial Investments will acquire 100% of the shares of Itsalat International – Egypt (i2) and United Retail Company (URC) from Bahrain's DTR Distribution LLC.

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GFH Financial Group

GFH Financial Group has acquired AMA International University-Bahrain (AMAIUB) in exchange for $100 million.

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DUBAL Holding

DUBAL Holding has acquired 60% stake in OSE Industries, a UAE-based aluminium extrusion company.

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Investcorp

Investcorp has entered into a definitive agreement to sell Avira to NortonLifeLock, for about $360 million.

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Mubadala Investment Company

Abu Dhabi-based Mubadala Investment Company has joined a consortium led by L Catterton and its affiliates to acquire a controlling interest in Michigan-based Truck Hero.

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Al Ahlia Insurance Company

Al Ahlia Insurance Company said that its merger decision with Gulf Union Cooperative Insurance Company has come into effect.

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Decypha Contribution Time: 10-Dec-2020 08:57 (GMT)
Decypha Last Update Time: 10-Dec-2020 08:57 (GMT)