M&A Brief of the Week

Raya Holding

Raya Holding for Financial Investments announced that its subsidiaries Raya Distribution and Raya Electronics acquired two retail companies.

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Speed Medical Co

Speed Medical Company signed the definitive agreement to purchase Masr Beni Suef Labs.

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Hikma Pharmaceuticals Plc

Galxo Group Limited signed a non-binding term sheet with Hikma Pharmaceuticals Plc for the potential sale of its entire stake of 91.2% in Glaxo SmithKline (GSK Egypt).

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Aljazira Takaful Taawuni Co

Aljazira Takaful Taawuni Company approved raising the firm’s capital from SAR 350 million to SAR 470.7 million to merge with Solidarity Saudi Takaful Co.

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Saudi Public Investment Fund

The Saudi Public Investment Fund (PIF) and COSCO SHIPPING Ports Limited (CSPL) signed separate sale and purchase agreements (SPA) to acquire Saudi Industrial Services Company’s (SISCO) 21.2% direct equity stake in its subsidiary, Red Sea Gateway Terminal Limited (RSGT), for SAR 556.5 million.

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National Company for Learning and Education

The National Company for Learning and Education (NCLE) willl buy 100% of the share capital of Refan Company for Operation and Maintenance Limited, at SAR 946,000.

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Agthia Group

Agthia Group has successfully completed the acquisition of 100% share capital of Al Faysal Bakery and Sweets, one of Kuwait’s leading industrial bakeries.

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Alexandria National Co

Alexandria National Company for Financial Investment has received an offer from Zeta Investment, an Emirati company, to acquire 90% of the company's capital.

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National Commercial Bank

The National Commercial Bank (NCB) announced receiving the Saudi Central Bank’s (SAMA) go-ahead for its intended merger with Samba Financial Group.

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Decypha Contribution Time: 07-Feb-2021 09:14 (GMT)
Decypha Last Update Time: 07-Feb-2021 09:15 (GMT)