M&A Brief of the Week

Alpha Dhabi Holding

Alpha Dhabi Holding, a subsidiary of International Holdings Company (IHC), has acquired Murban, a privately-owned company in Abu Dhabi, in a AED 1.7 billion asset deal.

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Cairo for Investment and Real Estate Development

The board of directors of Cairo for Investment and Real Estate Development (CIRA) approved the acquisition an additional stake of 20% in Star Light Educational DMCC, bringing its entire stake in the company to 80%.

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Abu Dhabi Commercial Bank

Abu Dhabi Commercial Bank (ADCB) has received a binding offer from TAT for Medical Services, a subsidiary of Alexandria Healthcare Investments, to acquire the bank's 51.54% stake in Alexandria Medical Services - Alexandria New Medical Center.

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NCB Capital Company

The Saudi National Bank (SNB) expects the merger between NCB Capital Company (NCB Capital) and Samba Capital and Investment Management Company (Samba Capital) to take effect by the third quarter (Q3) of 2021.

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Almarai Company

Almarai Company has signed an asset purchase agreement with Binghatti Beverages Manufacturing (BBM), the UAE-based beverage manufacturing factories, to acquire BBM production facility in the UAE in exchange for AED 215 million.

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ADQ

ADQ, an Abu Dhabi-based holding company is studying a potential acquisition of a stake in Juhayna Food Industries.

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Decypha Contribution Time: 03-Jun-2021 09:55 (GMT)
Decypha Last Update Time: 03-Jun-2021 09:55 (GMT)