B Investments Holdings
B Investments Holdings has signed an agreement to sell 20% of its stake in Total Egypt to the French multinational integrated oil and gas company Total SA for a value of EGP 146.4 million.
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Abu Dhabi Islamic Bank – Egypt
Abu Dhabi Islamic Bank – Egypt (ADIB Egypt) announced that a group of investors represented by Ahmed Farouk has offered to acquire the stake of the bank and its subsidiaries in Alexandria National Company for Financial Investment at EGP 5.32 per share.
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Saudi Arabian Military Industries
The Saudi Arabian Military Industries (SAMI), a wholly-owned subsidiary of the Public Investment Fund (PIF), has acquired Advanced Electronics Company (AEC).
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Gulf Investment Services Holding Company
The proposed merger of Gulf Investment Services Holding Company with Oman Investment and Finance Company (OIFC) is all set to go ahead after the firms announced that the shareholders of the two companies have approved the merger plan.
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GFH Financial Group
GFH Financial Group has acquired a majority stake in the UK-based Roebuck Asset Management, specialised in managing logistics real estate assets and commercial spaces.
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